From the category archives:

Edgewater

2 bedroom 1 bath vs. 2 bedroom 2 bath condos for sale in Chicago

Thumbnail image for 2 bedroom 1 bath vs. 2 bedroom 2 bath condos for sale in Chicago March 1, 2010

After meeting with some sellers this past weekend about selling their 2 bedroom 2 bath townhouse, I got to wondering about how much of a difference a second bathroom adds to the value of a 2 bedroom condo or townhouse for sale. My research in the multiple listing system on 2 bedroom resales for the [...]

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Edgewater 1, 2 & 3 bedroom condo sales – “nothing’s selling”?

Thumbnail image for Edgewater 1, 2 & 3 bedroom condo sales – “nothing’s selling”? February 17, 2010

An Edgewater 2 bed 2 bath condo I recently put on the market had its appraisal yesterday. There should be no problem with it appraising high enough. There were multiple offers and enough recent comparable sales to support the sale price.
I can’t help but think about a comment someone left on the blog, Edgewater Community [...]

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Rogers Park 3 bedroom condo prices well below those in neighboring Evanston and Edgewater

Thumbnail image for Rogers Park 3 bedroom condo prices well below those in neighboring Evanston and Edgewater February 7, 2010

Tonight I’ll be watching the Super Bowl at a friends’ home in Rogers Park. Compared to neighboring Evanston and Edgewater, Rogers Park has very attractive home prices! I recently listed 7612 N Rogers #2 in Rogers Park. It’s a beautiful 3 bedroom 2 bath condo with a garage just a couple of blocks from the [...]

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Chicago’s most walkable neighborhoods

Thumbnail image for Chicago’s most walkable neighborhoods November 11, 2009

Today’s Chicago Tribune included a list of the 10 most walkable neighborhoods in Chicago according to Walkscore.com.
The list caught my attention since I like to walk, but also because some buyers I’m working with wrote me, “A sense of being in a city neighborhood – where we can walk to great food markets, restaurants, and [...]

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Edgewater condo market faring better than house market part 2 of 2

Thumbnail image for Edgewater condo market faring better than house market part 2 of 2 November 3, 2009

In part 1 I showed the elevated inventory of houses for sale in Edgewater vs. the declining inventory of condos for sale in Edgewater. As shown in the chart below, the median sale price for Edgewater houses in October was $495K, down 22% from October 2007.
Contrast that with the chart of Edgewater condo median sale [...]

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Edgewater condo market faring better than house market part 1 of 2

Thumbnail image for Edgewater condo market faring better than house market part 1 of 2 November 2, 2009

An elevated inventory of houses for sale in Chicago’s Edgewater area is putting pressure on sale prices while a lower inventory of condos for sale is keeping condo sale prices fairly stable. As shown in the chart above, there are more houses for sale in Edgewater this year than last year.* At the end of [...]

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Andersonville, Chicago now also known for great (lake) pizza!

Thumbnail image for Andersonville, Chicago now also known for great (lake) pizza! September 13, 2009

The other night I showed a house in Chicago’s popular north side neighborhood, Andersonville. Long known for its diversity, Andersonville is now also known as the home of “The Best Pizza”.
Earlier this year GQ Magazine named the Mortadella Pie at Great Lake in Andersonville as #1 among “America’s 25 Best Pizzas.” I find the title [...]

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Edgewater’s 60660 faring better for 2 bedroom 2 bath condos than 60640

August 21, 2009

Wednesday evening Mary Kaye and I advised a gentleman on what to do to get his 2 bedroom 2 bath Edgewater condo ready for market. Fortunately for him, his condo is in the 60660 zip code (Northern Edgewater as shown below) where median prices have held up better over the past 2 years than in [...]

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Median 1 Bedroom Sales Prices From Lincoln Park up to Rogers Park

July 31, 2009

This week I talked with a gentleman who current rents in the South Loop. He’d like to buy a one bedroom condo on the north side. I explained that as you get farther north prices tend to get lower. A check of median one bedroom condo sale prices for the past 6 months confirms this.*

AREA
MEDIAN [...]

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In search of FHA approved condos in Andersonville and Rogers Park

June 21, 2009

Yesterday I talked with a buyer at Caribou Coffee in Boystown. He’s interested in buying a condo in Andersonville or Rogers Park using Federal Housing Administration (FHA) financing. FHA mortgages allow down payments as low as 3.5%.
Unlike houses, not all condos are FHA approved. In Andersonville and Rogers Park most condos aren’t FHA approved. The [...]

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