Bronzeville Mural

Bronzeville Real Estate Analysis – 2019

Bronzeville Single Family Homes

Bronzeville Single Family Homes sold well in 2019.
A total of 112 homes were sold. This is up 33% versus 2018.
The average selling price for a single family home was $486,975.
The average selling price was up 18% versus the previous year.
The average market time increased by 23 days versus the previous year.

Bronzeville Condos

Bronzeville Condos also sold well in 2019.
A total of 272 condos were sold. This is up 12% versus 2018.
The average selling price for a Bronzeville condo was $199,455.
The average selling price was up 5% versus the previous year.
The average market time decreased by 4 days versus the previous year.

Bronzeville 2 to 4 unit buildings

39 multi-unit properties were sold in 2019.
That is an 8% increase versus 2018.
The average selling price was $341,995.
The average selling price was up 15% versus the previous year.
The average market time decreased by 73 days versus the previous year.

Bronzeville Rentals

244 units were rented in 2019.
That is a 24% increase versus 2018.
The average rental price was $1,530.
The average rental price was actually down 4% versus the previous year.
The average market time increased by 5 days versus the previous year.

Bronzeville Land

19 parcels of land were sold in 2019.
That is a 27% decrease versus 2018.
The average selling price was $90,289.
The average selling price decreased by -44% versus 2018.
However, this may not be an apples to apples comparison.
This is because every parcel of land is a different size.
Land value is driven largely by location, square footage and zoning type.

Summary

Overall, 2019 was a great year for Bronzeville real estate.
The biggest gains were seen in the Single Family Home category.
Values for Single family homes were up 18% in 2019.
This was driven largely by sales of new construction homes.

Multi-Unit properties also appear to be in great demand.
Values are up 15% versus the previous year.
Also, the average time it took to sell a multi-unit property was
cut in half versus 2018.
This is an indication that demand for this property type is high.

Contact Mark

If you have any questions about Bronzeville real estate,
please call or text me at 773-354-6693.

Thanks, Mark Killion
Kale Realty – Chicago, IL
Cell: 773-354-6693
email: mark@markkillion.com
website: www.buybronzeville.com

Mark Killion, Realtor

Close to Lake Shore Drive. Walk to the Oakwood Beach and lakefront.
Public transportation at your doorstep. The Bronzeville real estate market is hot.
Schedule your showing today. Buy Bronzeville! Asking Price $280,000.

Front

For more information, please call or text Mark at 773-354-6693.

Until the next time,

Mark Killion
Kale Realty
2447 N. Ashland
Chicago, IL 60614

Cell: 773-354-6693

Send me a note!

Visit me online: https://www.buybronzeville.com

EQUAL HOUSING OPPORTUNITY

SINGLE FAMILY HOMES:

Bronzeville Home

There are currently 54 Single Family Homes on the market in Bronzeville Chicago.
The median asking price is $358,000.
The asking price ranges from $50,000 to $599,000.
Out of these 54 properties, 31 are already under contract.
“Under contract” means that the owner has already accepted a written offer.
The median asking price of the properties under contract is $389,900.

To view available listings for Single Family Homes in Bronzeville, click here.

CONDOS:

Bronzeville Condo

There are currently 152 condos on the market in Bronzeville Chicago.
The median asking price is $100,000.
The asking price ranges from $24,900 to $495,000.
Out of these 152 properties, 31 are already under contract.
The median asking price of the properties under contract is also $100,000.

To view available listings for condos in Bronzeville, click here.

TWO TO FOUR UNITS:

Bronzeville 2 To 4 Unit

There are currently 30 “Two to Four Unit” properties on the market in Bronzeville Chicago.
The median asking price is $249,900.
The asking price ranges from $99,000 to $575,000.
Out of these 30 properties, 12 are already under contract.
The median asking price of the properties under contract is also $194,000.

To view available listings for “Two to Four Unit” properties in Bronzeville, click here.

MULTI-FAMILY (5+ Units):

Bronzeville Multi-Family

There are currently 8 “Multi-Family (5+ Unit)” properties on the market
in Bronzeville Chicago.
The median asking price is $770,000.
The asking price ranges from $250,000 to $1,899,999.
Out of these 8 properties, 2 are already under contract.
The median asking price of the properties under contract is also $250,000.

To view available listings for “Multi-Family (5+ Unit)” properties in Bronzeville, click here.

VACANT LAND:

There are currently 35 Vacant Lots on the market in Bronzeville Chicago.
The median asking price is $65,000.
The asking price ranges from $15,000 to $1,475,000.
Out of these 35 properties, 5 are already under contract.
The median asking price of the properties under contract is also $45,900.
To view available listings for Vacant Land in Bronzeville, click here.

RENTALS:

Bronzeville Rental

There are currently 44 Rentals on the market in Bronzeville Chicago.
The median asking price for a rental is $1,450.
The asking price ranges from $675 to $3,500.
Out of these 44 Rentals, 7 are already under contract.
The median asking price of the rentals under contract is also $1,150.

To view available listings for Bronzeville rentals, click here.

Until the next time,

Mark Killion
Kale Realty
542 W. Roosevelt Rd
Chicago, IL 60607

Send me a note!

Visit me online: www.773property.com

EQUAL HOUSING OPPORTUNITY

Bronzeville Condos – Selling Price of a 3bed/2bath Condo

2013 YTD Median Selling Prices (Single Family Homes)

Until the next time,

Mark Killion
Kale Realty
542 W. Roosevelt Rd.
Chicago, IL 60607
24 Hour Voice Mail: 312-242-1822
Send me a note!

Visit me online: www.773property.com

EQUAL HOUSING OPPORTUNITY

Bronzeville's Preferred Real Estate Agent

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

Classic Grey Stone in Bronzeville

Hello to all my blog readers out there!
Sorry I haven’t posted in a while.
I have been busy finding tenants for property owners.
But that is no excuse…
I have to find more time to give my readers the best FREE
information that money can buy.

Well the spring Real Estate season is in full bloom.
I am seeing a lot of activity in the Bronzeville
Chicago neighborhood.
If you are thinking about buying or selling real estate
in Bronzeville, now is the time!

Here is a quick update on Bronzeville Single Family Homes:

As of May-20-2012, 26 single family homes have been sold Year To Date.
So the area is selling about 5 homes per month.
This number will probably increase as we enter the
busy summer selling season.

The average selling price was about $187,000.
The average home had about 3 bedrooms and 3 bathrooms.
The average selling price, per square foot,
for homes in good condition, was about $90.

Sales prices ranged from $27,000 all the way up to $575,000.
Prices are tied closely to the condition and square footage of the home.
Low end properties frequently require gut rehabs.
High end properties have been completely renovated.
Everything else falls somewhere in between.

Distressed sales now make up most of the market.
Out the 26 homes that were sold, only 10 were traditional sales.
So Bronzeville short sales and foreclosures now make up 60% of the market.
I expect this trend to continue for the next few years.

Hopefully you found this information useful.
If you have any questions, please let me know.
Also, please feel free to leave me a comment.
I read each comment I receive.

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

This summer, Bronzeville residents are in for a real treat.
The Gospel Fest will be held right in their own backyard.
The Gospel Fest used to be downtown. Last year, the popular
festival was combined with the Taste of Chicago.

However, in 2012, there will be several changes with
the summer festivals. For one, the Taste of Chicago
has been cut down to only 5 days. The Taste will now be held
in late July. This means it will no longer include the 4th of July.

The Gospel Fest will be held in several locations, but
the main stage events will be in Bronzeville on the weekend
of June 23rd and June 24th. It will be near 37th and
South Martin Luther King Dr. This should be a great event.

It should bring thousands of visitors to the Bronzeville area.
This should be great for local stores and restaurants.
It may even stir up some curiousity about the local real estate
market in Bronzeville (fingers crossed).
Hope to see you there!

Until the next time,

Mark Killion
RE/MAX Premier Properties
1205 N Dearborn
Chicago, IL 60610

Send me a note!

Visit me online: www.773property.com

EQUAL HOUSING OPPORTUNITY

Ida B. Wells was a social reformer and a social activist.
She was also a journalist that wrote countless articles
that condemned racism. She lived from 1862 to 1931.

Ida B. Wells lived in Bronzeville. She lived in a greystone
near 36th and King Drive. Her home is now a National Landmark.

There is a movement to have a statue erected in her honor.
If this movement is successful, her statue will probably reside
somewhere on King Drive near her old home.

Ida B. Wells dedicated her life to the fight for justice and equality
for African Americans. I can’t think of anyone more deserving of
a statue in Bronzeville. Will she get one? Stay Tuned…

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

If you are over 55 years of age, you can enjoy access
to the fitness center at the TRC Senior Village. It is
located at 53rd and Calumet.

According to their website:

“All residents of the facility are welcome to participate in the
Community Health and Wellness Center which hosts numerous
workshops, lectures, demonstrations, and a fitness center.
The Center is located on the first floor and is open to all seniors,
both residents and community members, who are age 55 and older.”

For more information, please visit their website at:
http://www.trcwabash.org/Senior_Village.html

==============================================

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