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The New Bungalow?

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Dennis Rodkin likens Smart Tech's modest spec homes to the bungalows of earlier generations. The increasingly visible homes are "designed to provide relatively affordable housing for the middle class," says Rodkin. "And like their predecessors, they come with standardized but stylish looks and room for expansion as the family can afford it." Since their January 2011 inception, Smart Tech has closed on 20 homes, has eight currently under contract and another ten under construction. Location is the main variable in pricing, with homes in Pilsen, for example, asking in the mid-300s while homes in Palmer Square aim for just under $500K. Will these infill properties one day gain the distinction of another class of bungalow? Can they attain such critical mass? [Deal Estate]