CHICAGO PROPERTY VALUES: 2011 vs 1994
The Chicago magazine recently featured an interesting article
on Chicago Real Estate values. They compared today’s property
values to property values from 1994. The results were mixed.
Thanks to the Great Recession, 1 in 6 neighborhoods actually
lost value.
But, on the bright side, that means 5 out of 6 neighborhoods
increased in value. So, it appears that real estate is still
a great LONG TERM investment.
Below you will find a snapshot of this report.
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REPORT FOR SINGLE FAMILY HOMES
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HYDE PARK
Average Sales Price JUN 2010–JUN 2011
$744,133
Change in Sales Price since 1994
231%
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KENWOOD
Average Sales Price JUN 2010–JUN 2011
$689,958
Change in Sales Price since 1994
346%
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GRAND BOULEVARD (aka BRONZEVILLE)
Average Sales Price JUN 2010–JUN 2011
$173,962
Change in Sales Price since 1994
222%
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MORGAN PARK
Average Sales Price JUN 2010–JUN 2011
$121,092
Change in Sales Price since 1994
20%
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SOUTH SHORE
Average Sales Price JUN 2010–JUN 2011
$111,351
Change in Sales Price since 1994
46%
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CHATHAM
Average Sales Price JUN 2010–JUN 2011
$91,453
Change in Sales Price since 1994
11%
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If you are interested in stats for a different neighborhood,
or a suburb, just send me a note!
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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
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