Monday, October 4, 2010

Oct. 5: Another Good Week in Bucktown Closings by Marna Spizz

News Just In...Another good week in "Bucktown" residential real estate. "Bucktown" defined as between North Ave and the 90/94 Expwy and Ashland and Western. 7 properties found new owners. 5 "attached", 1 "multi-unit", and 1 "detached" single family. 1 of the 7 was sold SHORT.

The lowest closing was a 3 unit frame building at 1657 North Paulina. Purchased in 2003 for $440,000 it closed with a 206 day market time for $415,000, 66% of its original list price of $629,000 and 94% of its 2003 price.

The highest closing was a 3 bedroom/3.1 bath single family at 1922 North Oakley. This quintessentially Bucktown "cottage" which was originally a candy store was purchased in Feb 2002 for $275,000, completely gut rehabbed and dormered up and just sold in 149 days for $737,500 or 89% of its original list price of $825,000.

This weeks short sale was a 3 bed/2.1 bath duplex up condo at 1915 North Damen Unit E. Purchased in April 2007 for $1,124,900, it sold very short for $672,500 or 59% of its 2007 price in 253 days. Ouch!

If you have any questions about this weeks real estate activity or are thinking about buying, selling or would just like to talk about the real estate market, please contact Marna Spizz, our residential closings columnist, local market resident and expert at or 312-543-2259. She'd be happy to meet with you in 'RealSpace'!

*** Information sourced from MRED; closed properties from 9/27/2010 - 10/3/2010 as of 10/4/2010. Cross property residential Bucktown as defined above.

By Marna Spizz

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