According to real estate experts, the Ukrainian Village neighborhood is not just expected to be one of the hottest neighborhoods in Chicago this year, but it may very well be one of the hottest neighborhoods in the country for home purchases. Real estate brokerage Redfin predicts that 2016 will be Ukrainian Village's year due to its unique character, access to transit, and inventory of affordable homes. But well before this report came out, we had been witnessing signals of an increasingly competitive market in Ukrainian Village. Last May, Redfin indicated that homes in the neighborhood spent a median of ten days on the market. Compared to the national median of 52 days, the neighborhood's inventory was being scooped up at a very quick pace. Here's a look at a handful of properties currently on the market in the neighborhood. No matter what your price range is, you're very likely to find something in the neighborhood that will fit your needs.
↑ 910 N Damen Avenue Unit 3W
Asking price: $249,000
Size: 2 bed/1 bath
The skinny: Here's a two bedroom on Damen that can be had for way below $300K. The condo is certainly no heavyweight when it comes to space, but for those who like to live simple, it could do the trick. The kitchen is quite cramped and the bedrooms are certainly on the smaller side, however, it's tough to gripe about the $250K price tag.
↑ 2000 W Haddon Ave #210
Asking price: $499,900
Size: 2 bed/2 bath
The skinny: This 1,200-square-foot two bedroom on Haddon is certainly an interesting one. It's got a lofted bedroom area with a big glass wall that overlooks the first level. Some may dig it, others may not. To each their own. Everything in this condo looks very new and minty. The $273 monthly assessment is also easy to digest.
↑ 2124 W Haddon Ave #1
Asking price: $525,000
Size: 3 bed/3 bath
The skinny: This three bedroom duplex unit is just down the last duplex unit. It's also got a bit more space and has a greater asking price. This one is a bit more traditional when it comes to floor plan and layout, but it's still got a lot of updates. It's not over the top when it comes to fit and finishes, but it does not offend either. The monthly assessment is a low $129.
↑ 1054 N Leavitt Street
Asking price: $899,000
Size: 7 bed/6 bath three-flat
The skinny: Here's a nice three-flat in a great location. It's asking $899,000, which is competitive to what brick three-flats in neighborhoods like Wicker Park, Bucktown, and Logan Square are going for. Interestingly enough, the listing agent suggests that the property would be ideal for an investor to "convert into [a] multi-million dollar single family home." ·Report: Ukrainian Village to Have Nation's Hottest Housing Market in 2016 [Curbed Chicago]
·Homes in Ukrainian Village, Logan Square & West Loop Are Selling Like Hotcakes [Curbed Chicago]
·Curbed Comparisons archives [Curbed Chicago]
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