Chicago Real Estate Market Trends for January 2019

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Center, Uptown, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in January  2019 decreased by 22.72% compared to January  2018. The average selling price decreased by 19.30% to $863,547 and the average market time increased by 11 days or 7.53%. Homes sold for 96% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Jan 2019	85	$863,547	96%	157
Jan 2018	110	$1,070,051	95%	146

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in January  2019 decreased by 11.95% for the month when compared to January  2018. The average selling price decreased 1.32% to $481,597 and the average market time rose by 11 days or 12.5%. Homes sold for 97% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Jan 2019	523	$481,597	97%	99
Jan 2018	594	$488,029	98%	88

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in January  2019 dropped 22.95% when compared to January  2018. The average selling price increased 1.74% to $640,931 and the average market time increased by 26 days or 37.14%. Homes sold for 96% of the listed price.

Date	Sold Listings	Average Sold Price	SP:LP	Average Market Time
Jan 2019	47	$640,931	96%	96
Jan 2018	61	$629,984	96%	70

Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

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Chicago Condo for Sale – 3150 N Sheridan Rd, Unit 11D

Chicago Condo for Sale
3150 N Sheridan Rd, Unit 11D, Chicago, IL 60657

1 bedroom | 1 bath | 1,100 square feet | East Lakeview

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3150 North Sheridan Road

Very Walkable

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Pardon the dust, but come for the view! Super large one bedroom condo in prime East Lakeview location. Freshly painted but needs rehab and priced to sell. Property sold in “AS IS” condition. Awesome unobstructed west view from living room, bedroom and 17′ balcony. Separate dining area. Two huge walk in closets. Building is installing all new risers and renovating the first floor. Laundry, party room, sauna on 28th floor. Rooftop deck and pool. 24 hour doorman, on site engineer and property manager. $561.31 HOA fee and $48.20 for cable. Parking is available through the building at $100/$125 monthly. Rental cap is 7 units but only 6 are currently rented. 2 year renewable lease allowed. Conventional/HomeReady renovation financing available for both owner-occupied and investor. Please contact listing agent for more details. Don’t miss this opportunity to make this unit your own!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Chicago 4 Unit Building for Sale

Chicago Building for Sale
1118 W Barry Avenue, Chicago, IL 60657

8 bedrooms | 4 baths | 3,168 square feet | Lakeview
MLS # 10277496

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1118 West Barry Avenue

Very Walkable

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Hurry to see this 4 unit building in a prime Lakeview location. 3168 sqft (per assessor) above grade plus a garden apartment. Three legal units plus an in-law apartment. First and second floors have original bulls-eye woodwork, built-in hutches and huge airy and bright rooms. First floor with new laminate flooring and paint 2016. 2nd floor has pine and maple floors, pocket doors, ceiling medallions and a remodeled bath (2011). Third floor is bright, charming space with large rooms plus a huge den and pine floors. Recent improvements include new (2016) shingle roof, gutters & fascia, front porch & stairs and hot water heater. Rear porches rebuilt in 2010. This is a well maintained property with stable tenants with room for large rent increases with upgrades. Great schools, great location. Walk to brown and red line el, shopping and entertainment. This is a great opportunity!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

 

Chicago Condo for Sale – 3404 W McLean Ave, Unit 3

3404 W McLean Avenue, Unit 3, Chicago, IL 60647
MLS# 10307575

3 bedrooms | 2 baths | 1,500 square feet | Logan Square

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3404 West McLean Avenue

Very Walkable

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Live in Logan Square and walk to Scofflaw, Ground Control and Best Intentions. This 3 bedroom, 2 bath penthouse on a quiet, leafy residential street is a great value . Just refreshed for a new owner, this large, sunny condo has new quartz counter tops, Italian Scavolini kitchen, & just refinished hardwood floors. The great room features a dining area & gas fireplace. The master bedroom has 3 closets & a huge granite master bath w/large whirlpool tub, separate shower & wall mounted double sink vanity. The second bedroom adjoins a full granite bath & the 3rd bedroom is large & bright. A spacious rear deck & deeded parking space are included. The condo has in unit laundry & central air conditioning. No dogs allowed and 2 cat limit. Steps to the Armitage and Kimball bus lines & one mile to the Blue line el.

 

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!