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

Due to strong rental demand in the area, owning a condo may even be cheaper than paying rent.
The average selling price for a 2bed/2bath condo, in 2016, is about $91,000.
The average selling price for 3 bedroom condo, with 2 baths, is about $143,000.

As of 12/3/2016, there are 17 3bed/2bath condos on the market for sale in Bronzeville.
The median asking price is $154,000.

As of 12/3/2016, there are only 7 2bed/2bath condos on the market for sale in Bronzeville.
The median asking price is $160,000.

If you are thinking about buying or selling a condo in Bronzeville, let me know!
You can text me: Mark Killion 773-354-6693.

Bronzeville 3bed/2bath condo sales analysis – Chicago

Until the next time,

Kale Realty
2447 N. Ashland
Chicago, IL 60614

Office: 312-939-5253
Cell: 773-354-6693

Send me a note!

Visit me online: www.773property.com

EQUAL HOUSING OPPORTUNITY

Let’s take a look at last year’s condo sales in Grand Boulevard, Chicago.
Grand Boulevard is also referred to as “Bronzeville”.
Grand Boulevard comprises the southern half of Bronzeville.
Douglas makes up the northern half of Bronzeville.
This analysis is based on transaction data from the
MRED Multiple Listing Sytem.

Overall, it was a good year for condo sales in Bronzeville.
A total of 148 condos were sold. Here is the breakdown:

– 1 Studio condo sold for $105,000
– 5 One Bedroom condos sold for a median price of $72,500
– 45 Two Bedroom condos sold for a median price of $59,500
– 83 Three Bedroom condos sold for a median price of $105,000
– 14 Four Bedroom condos sold for a median price of $141,000

If you are thinking about buying or selling a condo in Bronzeville,
this should give you a good idea of current values. For a more
detailed analysis of Bronzeville Real Estate please contact me.

Until the next time,

Mark Killion
Real Estate Broker
Kale Realty
24 Hour Voice Mail: 312-242-1822

Send me a note!

Visit me online: www.773property.com

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Hyde Park Condo Selling Prices

Hyde Park Condos – Price Per Square Foot

Hyde Park Chicago Single Family Homes – Average Selling Prices

Hyde Park Chicago Condos – Average days on market

Hyde Park Condos – Percentage of distressed sales

Until the next time,
Mark Killion
Real Estate Broker
Kale Realty
Chicago, IL
773-354-6693
www.773property.com

Bronzeville Selling Prices – Condo Trends

Bronzeville Real Estate Analysis

Newport Condos For Sale

Newport Condos - Kenwood Chicago

The Newport Condos complex in Kenwood Chicago is one of my favorites.
The high rise towers sit right across from the beautiful Lake.
The north building has unobstructed views of the famous Chicago
skyline. The south building also has great views of the lakefront.

Real estate values at the Newport Condos were hit hard by the
Great Recession. Many units have been sold due to foreclosure.
This has caused selling prices to drop consistently over the last few years.
But it appears that prices have gained some stability.

If you are a buyer, this is a great time to pick up a condo in an excellent location with awesome lake views. This is a full amenity building. The building was constructed in 1963. It sits near 48th and Lake Shore Drive. Each tower has 27 floors. All together, there are 728 condos at this complex.

REAL ESTATE VALUES

During the 12 month period ending MAY 12 2015, a total of 28 condos were sold.
Selling prices ranged from $30,000 all the way up to $579,000. The median selling
price was $74,250.

One potential downside with this building is the high assessments. It is not uncommon for 2bed/2bath unit owners to pay $700 per month for assessments. The assessments usually include Heat, Air Conditioning, Water, Gas, Common Insurance, Doorman, TV/Cable, Exterior Maintenance,

But, even with the high assessments, I feel that units in this building are under valued.
You really can’t put a price on panoramic views of the lakefront and skyline.
On top of that, this is one of the few FHA Approved Condo buildings in the Kenwood / Hyde Park area.

If you are thinking about buying, selling, or renting in the Newport Condos Complex,
please contact me. I would be happy to assist you!

Newport Condos For Sale

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

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

As you might know, most condo buildings and associations
are NOT approved for FHA financing. So, it can be challenging
to find condos in Chicago that will qualify for FHA
financing.

Of course, you can visit the HUD website to find out which
buildings are approved for FHA. But, the website does not
tell you which condos are currently on the market For Sale.

The biggest advantage of using FHA financing is that you only have
to put down 3 1/2 % of the purchase price for a down payment.
Most conventional programs require at least 10% down.
That is a big difference!

Also, it is usually easier to qualify for a FHA loan because
it has a lower credit score requirement than a conventional loan.
Most banks only require 620 to 640 credit scores for a FHA loan.
But, conventional loans usually require 680 or better.

And last, but not least, conventional loans have stricter rules
regarding debt ratios. So if you are like most Americans and
you have a car note, student loan, and credit card debt, you
will probably qualify for a larger loan if you go with FHA.

Shopping for a condo can be tricky. I have a lot of experience with
real estate sales. I would be happy to represent you as a buyer’s agent.
The cost to you is absolutely nothing!

So, if you are looking for a FHA Approved Condo, please Send me a note!
with your name and price range.

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