Market Analysis
Damen El Closes

Wicker Park Bucktown Insider's Guide

Wicker Park, Bucktown Area Single Family Home Values Up 32%

Michael Hamrick - Monday, November 25, 2013

Wicker Park Bucktown Area Real Estate Values Up- Way Up for Single Family Homes

2031 W. Shakespeare $784,500 Koenig & Strey Real Living


With so much written this year about the 'crazed' real estate market and how properties have been selling in a day, it's tough to understand exactly what is happening at the moment in Chicago real estate; specifically as it relates to Wicker Park and Bucktown area real estate.

It's easiest to look at the numbers to tell the story. And in a year over year comparison, here's where real estate sales are when you look at 3rd Quarter numbers for 2012 vs 2013. 




1744 W. Crystal Street - $899,000 @properties

Single Family Home Sales

In the 3rd quarter of 2012 (July - September), the average sale price for a single family home was $637,000 and the average market time was 116 days. Within this 3 month period, 54 single family homes were sold.

For the same period for 2013, the average sale price for a single family home was $870,000 and the average market time was 75 days. Within this 3 month period, 84 single family homes were sold.

In comparing the 3rd quarter of 2012 vs 2013 for area single family homes, values have increased 32% while market time has been reduced to almost half. The number of single family homes sold has has also increased approximately 55%. New construction of single family homes is helping drive the increase in value as are fewer short sales and bank-owned properties. Own a single family home in the area? These rebounding values should come as great news.




So how have condominiums been faring?


1036 N. Hermitage- $604,000 @properties 

Condominium Sales

In the 3rd quarter of 2012 (July - September), the average sale price for a condominium was $382,000 and the average market time was 75 days. Within this 3 month period, 231 condominiums were sold.

For the same period for 2013, the average sale price for a condominium sold was $406,000 and the average market time was 42 days. Within this 3 month period, 356 condominiums were sold in Wicker Park, Bucktown and the surrounding areas*.

In comparing the 3rd quarter of 2012 vs 2013 for condominium sales, values are up 6%. Thenumber of condominiums sold in the 3rd quarter of 2013 has been increased by 54% and market time has been reduced to half of what it was in 2012. Why no big increase in value for condos? Part of the reason for that may be that a number of new condo developments for condos sold so quickly this year, they were never even listed on the MLS. Values could be a little higher when you factor those sales in.

So the news is positive if you own a home in Wicker Park, Bucktown, Ukrainian Village, East Village and Noble Square; particularly if you own a single family home. We'll keep you posted on future trends and any new developments in real estate news. 


Published via Real Estate Contributor and IL Broker Thyra DeCicco @properties. 1875 N. Damen Avenue. 312-498-6066. thyra@atproperties.com 

*The area used for this analysis included the area from 800 North to 2400 North and 1200 West to 2400 West. All data was provided via the MRED formerly the MLS November 21, 2013.

Frontier Fire - Small and Contained

Michael Hamrick - Wednesday, November 20, 2013

If you noticed the fire trucks early this morning out in front of Frontier at 1072 N. Milwaukee Avenue, as many of you did, you'll feel better knowing the fire was small and contained very quickly by the Chicago Fire Department according to their facebook page.

Frontier never missed a beat and they're open for business.

Thanks to all who were concerned.

Wicker Park's Newest Middle Eastern Eatery Opens Today on Division Street

Michael Hamrick - Wednesday, November 20, 2013

We reported last December that a new Middle Eastern restaurant was in the works for Division Avenue in the former home of Habitat and at long last Shawarma Garden is ready to open. 

Owner Mary Anne Mubayed is bringing her family's "secret" Middle Eastern recipes to Wicker Park and, based on the menu, it looks like a lot of traditional dishes will be available. You'll find favorites including: hummus, grape leaves, baba ghanoush, falafel, tabouleh salad, a variety of 'kabob' entrees, shawarma, and gyros. Approximately 25 menu items are available that offer affordable prices & generous portions. Prices start at $3.00 for falafel and work their way up. The highest priced item is the lamb kabob entree at $13.99. Sandwiches are in the $5.00 range.

Take out and delivery are also available. Shawarma Garden will be open for lunch and dinner 7 days a week.

Look for Shawarma Garden to open at 1951 W. Division Street this Wednesday November 20th .

Local Businesses - Get Featured

Michael Hamrick - Wednesday, November 20, 2013

Get Featured! 


If you're a local business in (or close to) the Wicker Park or Bucktown area and would like to share:

 1)Your Story

 2)Big Sale

 3)Special Event or 

 4)Business Information


Just let us know. We'd be delighted to talk more about how we can help you spread the word.


Just send an email to our Publisher and Editor-In-Chief, Thyra DeCicco, for more detailed information. You can reach her at: info [at] wickerparkbucktown [dot] info.


We look forward to hearing from you and we'll see you in the neighborhood. 

New Middle Eastern Eatery Opens Wednesday in Wicker Park

Michael Hamrick - Sunday, November 17, 2013

We reported last December that a new Middle Eastern restaurant was in the works for Division Avenue in the former home of Habitat and at long last Shawarma Garden is ready to open. 

Owner Mary Anne Mubayed is bringing her family's "secret" Middle Eastern recipes to Wicker Park and, based on the menu, it looks like a lot of traditional dishes will be available. You'll find favorites including: hummus, grape leaves, baba ghanoush, falafel, tabouleh salad, a variety of 'kabob' entrees, shawarma, and gyros. Approximately 25 menu items are available that offer affordable prices & generous portions. Prices start at $3.00 for falafel and work their way up. The highest priced item is the lamb kabob entree at $13.99. Sandwiches are in the $5.00 range.

Take out and delivery are also available. Shawarma Garden will be open for lunch and dinner 7 days a week.

Look for Shawarma Garden to open at 1951 W. Division Street this Wednesday November 20th .

100 Musicians and More - Your Wicker Park, Bucktown Weekender

Michael Hamrick - Saturday, November 16, 2013
November 15, 2013

 

Hello and welcome to this week's edition of your Weekend Guide. 


Thanks for joining us. Here are this week's picks for neighborhood events. From special one-of-a-kind markets to theater, music and more. We've got you covered. And we offer a little neighborhood insider news and information as well. If you missed it earlier this week, Foo Fighter, Dave Grohl made another appearance at Piece Pizza. He and members of Nirvana, Foo Fighters and Cheap Trick had been at Piece earlier this year and Mr. Grohl made another surprise visit again on Monday.


Have a great weekend and we'll see you in the neighborhood. 

 


COMMUNITY

The 8th Annual Free Fountain Decorating Social is Saturday from 10am-4pm. Meet your neighbors while decorating the historic fountain in Wicker Park surrounded by urns. Coffee and water are provided and it's encouraged to bring food to share. Also on Saturday, don't miss The Indoor Family Fun Fest . Fun for all ages, your $45 family ticket helps as a fundraiser for both the park and local wellness programs. 

 

 ENTERTAINMENT
Chill Fest is this Saturday in Wicker Park and features over 100 acoustic acts in bars, restaurants and shops throughout the neighborhood. From 12pm-6pm, you can enjoy music in a 'living room' type setting throughout the neighborhood. Also tomorrow, the free Soul Summit Dance Party ,one of the largest parties in town, heads back to Double Door. Did we mention it's free? 

The Nutcracker opens this weekend at The Chopin Theatre and runs through the holiday season. Don't miss this fresh take on a holiday classic. The New Colony Presents: Kate and Sam Are Not Breaking Up. A comedy focused on Hollywood's hottest couple splitting up for good. At Collaboraction Theater in the Flat Iron Arts Building.For ticket info



FOOD & DRINK 

There's so much restaurant news to share this week. Tonight, from 5pm-7pm Stephanie Izard (Girl and The Goat) will be at Bucktown's Goddess and Grocer to sample her new marinade and sauces. Starland, formerly Ripasso in Bucktown, has announced they've lost their lease and their last day in the neighborhood is Sunday. The Michelin Guide has announced all of their winners for 2014 and Takashi and Schwa are starred once again. Celebrity Chef Rick Bayless shares more details of his new Wicker Park restaurant heading to the former Salud space and Pizza-by-the-Slice is heading into the site formerly Cafe Con Leche in Bucktown.


Put this on your radar: Frontier's Gumbo Cook-off features a head to head competition of amateur and professional chefs alike; many from the neighborhood including: Trenchermen, Takito Kitchen, Red Door and Small Bar are participating. So you know the gumbo will be good. Also this weekend, you can Deck the Halls at Club Lucky. On Saturday, the team at Bucktown's Italian eatery will be creating their winter holiday wonderland with their award-winning decorations. Be the first to take a look and grab a sleigh bell martini.






REAL ESTATE NEWS

 
A funny triangular lot at Moorman and Hermitage used to be a fur cleaning business many years ago. Now, 2 "smart" single family homes were just built there and each sold in one day. A sign of the times. Another sign of the times, a brand new development is being built by Noah Properties at 1256 N. Milwaukee Avenue in Wicker Park. The space use to be vacant land. But soon 12 new posh condos will be in its place.


 

RETAIL/SHOPPING


Collector Tom Leahy is hosting a one day sale at a pop up shop on Saturday at 1184 N. Milwaukee Avenue. The One Dale Sale will include: furnitures, toys and lighting will be priced to sell quickly.  Dose Market  continues this Sunday in Wicker Park and the theme of this week's market is: Art Look featuring clothing; coffee, chocolates and more.


That's it for this weekend. Thanks for sending us your events and information. If you'd like to receive this each week via email on Friday afternoon, just sign up below.


Have a great weekend and we'll see you in the neighborhood.



The Wicker Park Bucktown Insider's Guide

Bucktown Restaurant Loses Lease - Set To Close Sunday

Michael Hamrick - Friday, November 15, 2013

Another small business is losing its lease on Damen Avenue in Bucktown. And this time it's a restaurant, Starland (formerly Ripasso) located at 1619 N. Damen Avenue. 

Last weekend a chalkboard sign stood outside of the restaurant stating they had lost their lease. Apparently, negotiations with the property management company were unsuccessful and in an announcement issued today, the owners explained:

 

Thank you all so very much for your support of our many culinary ideas over the years, from Terragusto thru Ripasso to Starland. We have loved having a chance to meet and get to know so many truly wonderful folks, and we hope that you like us have  enjoyed the fun & tasty ride!

 

Unfortunately, despite our best efforts, we have been unable to secure a lease extension for our current space on Damen, and our lease will expire just into 2014. Based on that, we have decided not to spend the many thousands of dollars to renew our City & State licenses which are expiring this week. To avoid operating illegally, this Sunday, November 17th, will be our last day of operation as Starland on Damen. This has been a very hard decision to make and we sincerely apologize for any inconvenience the rapid breakdown of negotaitions with the property manager & quick closing of the business may cause.



As noted above, their final day is this Sunday November 17th. We are very sorry to see them close and wish them the very best. 

Dave Grohl at Wicker Park's Piece Once Again

Michael Hamrick - Tuesday, November 12, 2013

photo courtesy of Krist Novoselic


Dave Grohl of the Foo Fighters must love Piece Pizza. He first arrived there with members of Nirvana, Foo Fighters, Cheap Trick and Steve Albini back in June.




And he was back today showing off the "selfie" while in Wicker Park's popular pizza spot and brewery. He's welcome any time. 

The Haute and The Dog Shutters in Wicker Park

Michael Hamrick - Tuesday, November 12, 2013

Less than a year after opening at 1252 N. Damen Avenue, 312 Dining Diva is reporting today that The Haute and The Dog shuttered on Sunday November 10th....sort of. Although the storefront has closed up shop, they will continue the catering side of their business. But the owners would like more freedom to take on other projects. Following Bagel on Damen, it will be interesting to see what moves into this location at Potomac and Damen in the heart of Wicker Park's historic district.

The Haute and The Dog Shutters; Here's Why - (312) Dining Diva

Wicker Park - Lost Cat Alert

Michael Hamrick - Monday, November 11, 2013

Hello everyone:

A Wicker Park resident has lost her cat. It was accidentally let out by its caretaker on Hoyne between North and Division Street. If you see it please let us or Kat Levitt know. Contact us via our site or Kat via Twitter @agirlandherfood.


Thanks.


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