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Wicker Park Bucktown Insider's Guide

Steal This Real Estate Deal in Wicker Park

Michael Hamrick - Friday, October 09, 2015

The architectural style of single family home known as the "workers cottage" has become incredibly popular in the neighborhood with these homes selling in record speed; usually within just days. Why? Because prices for single family homes in the neighborhood have skyrocketed. The average price for a single family home now exceeds $1,000,000. And, as we know, not everyone can afford the $1 million dollar price tag.

The cottage style home offers an affordable alternative. With plenty of space, lots of upgrades, big yards and garages, these more modest homes provide aspiring homeowners with the opportunity to own a single family home in a great neighborhood in fantastic locations ... all without breaking the bank. The taxes are usually far more affordable as well.

This home just listed at 1734 W. Crystal Street in Wicker Park offers 3 bedrooms, a spacious living/dining/kitchen area , lots of upgrades, a family room comparable to the size of new construction homes, a large landscaped yard and full 2 car garage for $729,900. Around the corner from condos that were just sold for $900,000 this sounds like a sweet deal.

If you're looking for single family homes, duplexes or condominiums, consider the workers cottage-style single family home. You may just be surprised at the space you'll find in these and the history and character as well. What you won't find: vanilla and cookie cutter. Most of these homes were built in the late 1800's. 

For additional information, contact @properties.

Trader Joe's Cancels Plans to Open in Wicker Park

Michael Hamrick - Thursday, July 10, 2014

image courtesy of DNAInfo

Wicker Wire: In yet another surprising turn of events, Trader Joe's has decided not to pursue a location in the former Miller Lumber site located at 1811 W. Division Street according to a report published earlier today by DNA Info. This comes as surprising news because the LaSalle II Elementary School located directly across the street at 1148 N. Honore Street had recently voted to support the grocer's project.

According to today's report, and after many months of meetings, Trader Joe's has decided not to pursue the Wicker Park location because "they did not feel that they were welcome in the community". Alderman Moreno confirmed the news today and is encouraging Trader Joe's to evaluate additional locations in Wicker Park and Logan Square. 

Wicker Park Plans for Trader Joe's At Division and Honore Dead After Complaints [DNAInfo]


Wicker Park's XOCO Targets July ... and They're Hiring

Michael Hamrick - Friday, June 06, 2014

Photo courtesy of XOCO via Facebook

Wicker Wire: The new Rick Bayless spot was originally targeting a Spring opening in the former location of Salud at 1471 N. Milwaukee Avenue. Bayless is now targeting a late July opening according to a report published by Eater Chicago. 

The Wicker Park location will be bigger than the original and will include a bar, local beer, table service and a large patio. They are also currently hiring.

 

Bayless Updates [Eater Chicago]

Bayless is Hiring for Wicker Park Location [Chicagoist]

 

Single Family Home - NOT on MLS - $380,000

Michael Hamrick - Tuesday, January 28, 2014

Front View
House hunters! This single family home is not on the MLS but it will be soon. Just a few blocks south of Wicker Park, this home is located at 1646 W. Ontario Street in Chicago's East Village neighborhood.

Living Room
This adorable home combines vintage charm with a very well-maintained property and large side yard to provide homeowners with an incredible opportunity to own a single family home just south of booming Chicago Avenue.

Walk to restaurants, bars and the blue line. Mariano's will be opening at Chicago & Damen Avenue and Chicago Avenue is booming with new businesses and lots of new development.

Master Bedroom
If you're looking for a single family home, townhome or condo in the Wicker Park, Bucktown, East Village, Noble Square and/or Ukrainian Village be sure to make your appointment now.

The details:

2 Bedroom - 2 Bathroom plus Family Room

Asking $380,000

Taxes - $5,070

Lot size: 36 x 70


The property will be listed by @properties 1875 N. Damen Avenue in Bucktown. Please contact the Listing Agent for additional details. 

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.

Wicker Park Church for Sale - $2.2 Million Dollars

Michael Hamrick - Monday, November 04, 2013

photo credit: mikechicagorealtor.com

The beautiful and unique turn-of-the-century church sitting squarely on the corner of Schiller and Evergreen at 1905 W. Schiller directly across from Wicker Park's park and dog park is currently on the market. But it would be difficult to know that unless you walk by or are specifically looking for this type of property or investment because it's not currently listed on the MLS.

Boasting 16,000 square feet, this building is currently being used as the Mision Cristiana Church and offers an auditorium, banquet rooms, classrooms, kitchen and an apartment according to the listing currently being featured on the commercial real estate website Loopnet

Because of its perfect location in the heart of Wicker Park, this property will appeal to developers, those looking for church facilities and/or possibly even those seeking to create a unique single family home. The asking price for 16,000 square feet (and its prime location) is reasonable. 

For additional information about this property contact our real estate contributor and licensed IL state broker Thyra DeCicco @properties 1875 N. Damen Avenue. 312-498-6066. 


Boutique Hotel in The Works for Wicker Park, Bucktown

Michael Hamrick - Thursday, October 17, 2013

After many years of discussion, the historic icon and landmark "The Coyote" or Northwest Tower as it's called, will become a boutique hotel....right on the corner of North, Damen and Milwaukee Avenue in the heart of Wicker Park and Bucktown. According to a report published by DNAInfo Chicago, the plans include: 75 rooms, a diner/restaurant on the first floor, meeting rooms, a lounge with wi-fi, rooftop solarium and an underground valet parking garage designed to accommodate 28 -30 hotel guests. Prices are expected to range from $130-$170 per night.

The project also includes the Hollander Fireproof Warehouse. An additional 24 "shared rooms" are planned for this space.

The team behind the development, Convexity Properties, is planning a March 2014 start date for construction and hopes to have the new boutique hotel open by 2015. They are currently identifying who the hotel operator will be. 


Northwest Tower: Hotel Developers Share Plans for Art Deco Corner Jewel [DNAInfo]

Oberweis Closing Wicker Park Location

Michael Hamrick - Monday, October 07, 2013

 - Centrum Partners plans to renovate this building. Photo from CoStar Group Inc.
In January we reported that Centrum Partners LLC had purchased the old Wieboldt's building (home of Blockbuster, Oberweis, Radioshack etc) at 1272 N. Milwaukee Avenue. Part of the purchase also included K-Mart and Jewel.

Centrum has planned to give that area a face lift and increase the rents. The planned renovation is currently underway. Blockbuster closed up shop earlier this year and Oberweis recently announced they too would be closing their Wicker Park location at 1293 N. Milwaukee Avenue. The reason: the rent increase. Oberweis is a privately owned business with locations throughout Chicago and the Midwest. The other locations will remain open. 


Oberweis's last day in Wicker Park will be October 13th.



Wicker Park Townhome Just Listed

Michael Hamrick - Friday, October 04, 2013


Looking for an all brick townhome in Wicker Park or Bucktown? This 3 bedroom 2 1/2 bath was just listed by Prudential Rubloff today. So you're one step ahead of most of the buyers shopping in the neighborhood.


An incredible location at 2040 W. LeMoyne (Damen and LeMoyne), this home includes a top floor family room, a roof top deck and an attached 1 car garage.

Asking price: $624,500

Taxes: $8262



This property is fee simple so there are no assessments. All photos are courtesy of Prudential Rubloff and there is an open house this Sunday 11am - 1pm. 


Published by Wicker Park, Bucktown Real Estate Contributor and licensed IL real estate broker Thyra DeCicco. @properties. Bucktown.1875 N. Damen . Chicago. thyra@atproperties.com or 773-432-0200.

Win 2 FREE Cubs Tickets - Worth over $200

Michael Hamrick - Saturday, August 31, 2013


image courtesy of national sport beat


Want to win 2 FREE tickets for the Chicago Cubs Game tomorrow Sunday September 1st? These tickets are in the platinum section of Wrigley Field and are worth over $200. Go to Facebook & Twitter for to enter.

We will be picking a winner at 12pm noon and you will have to confirm you've won by 12:30pm or we're picking another winner.


You will need to pick the tickets up between 2pm-3pm TODAY at the @properties office in Bucktown at 1875 N. Damen Avenue. 


So if you can't pick the tickets up by 3pm today, please don't enter because the office will be closed after that time.


Otherwise, have fun and good luck! 


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