BRONZEVILLE RENTALS (Chicago 60653, 60615)
* Updated MAY-21-2010
I haven’t analyzed the Bronzeville Chicago rental
market in a while.
If you rent a Bronzeville condo, it will give you
at least a year to become familiar with the area.
The Bronzeville area is still in redevelopment stage.
But, it already has a lot to offer. An increasing
amount of restaurants and businesses are coming
to the area. There are plans to add a new grocery
store (and development) near 39th and State.
This will be a huge $50 million dollar project.
This development will have a positive impact on local
real estate values and the quality of life. It will
be anchored by Milwaukee Grocer “Roundy’s”.
You also have trendy restaurants in Bronzeville.
For example: “Chicagos Home of Chicken & Waffles” on
39th and King Drive. Also, the “Cuisine of the Diaspora”
is coming to 51st and Prairie. It will have five venues,
including: Cecelia’s (southern breakfasts), the
Bronzeville Jerk Shack, Majani 310 (vegetarian), and a
Smoke House and Grill.
The complex will also be home to “Bronzeville Fresh Produce”.
Bronzeville real estate values should also benefit
from its proximity to Hyde Park, the University
of Chicago, and IIT.
BRONZEVILLE RENTALS
According to the MLS, as of MAY-21-2010,
there are 54 condos for rent in the Bronzeville area.
The average rental is a 3 bed/2 bath for $1,500 per month.
(interesting note: prices have dropped about 5% since
my last analysis in AUG 2009)
The condos typically have central air. They also have a
microwave, dishwasher, and a Washer and Dryer in the unit.
The more expensive units have granite counters, maple cabinets,
hardwood floors, and stainless steel appliances.
Some units also include one parking space.
Let’s review the last 3 months of the Bronzeville Rental market.
This analysis is based on units that were actually rented.
Whether you’re an owner thinking about leasing your condo, or
a tenant thinking about renting one, this will give you
a good idea of current rental prices. Either way, I can
assist you with your next Bronzeville Rental! 8)
TYPE……..AVERAGE_RENT
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1 Bedroom………..$938
2 Bedrooms………$1245
3 Bedrooms………$1507
4 Bedrooms………$1755
5 Bedrooms………$2650
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If you would like more information on leasing a
Bronzeville rental, please feel free to contact me.
I provide FREE assistance to renters and buyers.
I provide competitive rates to owners.
Until the next time…
Until the next time,
Mark Killion
Real Estate Broker
Century 21 Affiliated
5200 S. Harper Ave
Chicago, IL 60615
24 Hour Voice Mail: 312-242-1822
Send me a note!
Visit me online: www.773property.com
EQUAL HOUSING OPPORTUNITY
