Deal Estate
 
Mar 15, 2007

On the Market

New on the Market - Avondale brick-and-stone

List Price: $795,900

Avondale1 The Property: This new brick-and-stone house has four bedrooms, three-plus baths, two fireplaces, two laundry rooms, and a rooftop deck that sits atop a two-car garage. Three of the four bedrooms are on the second floor; the fourth is in the basement. The master bath has a steam shower with body sprays and a separate Jacuzzi tub. There are Brazilian cherry floors throughout the house.

Price Points: Once a sleepy neighborhood, Avondale is a smart place to put your money now. It has a great location (the Kennedy Expressway and the CTA Blue Line are nearby and easily accessible), and house prices are still reasonable, making Avondale an attractive alternative to nearby Logan Square (to the south) and Lake View (to the east, across the Kennedy). According to the Multiple Listing Service of Northern Illinois, 11 new Avondale houses sold over the past year for $599,000 and up. Older rehabbed frame houses top out at $489,000; the highest price on record is $750,000, for a house not far from this one.

Cons: A Dominick's and a Walgreen's are within walking distance, but you have to cross busy Belmont Avenue to get there. And the Kennedy, only two blocks away, can be very noisy.

Listing agent: Jason Schram of Goldberg & Perl; 773-549-1539

Posted at 02:56 PM in On the Market | Permalink

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About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

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