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Oak Park / River Forest Weekly Rehab Market Update

Victorian HomeHere’s a quick update on what’s going on in the Oak Park/River Forest area. We will be providing a series of updates over the next few weeks to keep you informed about the rehab market in this area.

In Oak Park and River Forest, we had a busy week for new listings with the current number of active listings jumping by about 40 homes to a total of 182 listings. Most of the listings came in between $400,000 and $800,000. There are currently 27 homes for sale below the price of $400,000, 28 homes between 400,000 and $500,000, 26 homes between $500,000 and $600,000, 28 homes between $600,000 and $700,000, 25 homes between $700,000 and $800,000, 20 homes between $800,000 and $900,000, 11 homes between $900,000 and $1 million, seven homes between $1 million and $1,100,000 and 28 homes above $1.1 million.

Each week I review what’s coming on the market and let you know how things are going in terms of sales. A lot of my clients have asked me about the rehabs going on in the area, so I thought I would start blogging about the different rehabbed homes that I have been showing throughout the week.

In Oak Park and River forest things have been picking up. This week there has been a total of about 40 new homes that have come on the market and it is been a very good week for people looking for rehabbed homes and homes that are in move-in ready condition. Most of the rehabs fell in the price ranges between $600,000 and $900,000, with quite a few right around the $700,000 level.

A couple of new rehabs in the $500,000 range are very nice, although you will lose a little bit in Walkability while you be gaining a lot in quality and finishes. 729 S. Humphrey is a beautiful foursquare for $539,000 and 1219 North Taylor Ave. is an absolutely awesome open concept rehab with large bedrooms at a price of $575,000. 815 N. Taylor is another beautifully done open concept frame home for $600,000, while on the other side of town at 1154 S. Lombard you have a brand-new build with three full levels of living space for $625,000. 1104 S. Cuyler is another nicely done rehab for $625,000.

Jump up near the $700,000 level and you have 750 Keystone which is a beautifully done open concept ranch home without a basement. 1143 S. Grove, 929 Winona Ave. and 1159 South Cuyler Ave. round out our selection of open concept, large, four-bedroom homes that include stunning master baths. At $775,000 there is 435 North Taylor Ave. which is a 4+ bedroom home with four full baths in amazing detail throughout. At $785,000 you have 917 N. Marion which, although not actually rehab, is so amazingly beautiful in move-in ready I would have to include it in that category.

725 Winona Ave. for $800,000 is a five bed three and a half bath open concept rehab., 1339 Later Ave. is a classic Italianate rehab for $879,000 and 223 Thatcher Ave. is a beautiful Victorian overlooking Thatcher Woods for $885,000 – although technically not a recent rehab it still qualifies for my list. For $900,000 you have 1206 Lathrop Ave. that, while not a rehab, was built in 2006 and still has finishes that looked brand-new. 946 Clinton Ave. in Oak Park for $924,000 is also a new build in 2016 while keeping the style of the late Victorian era. Rounding out the under $1 million rehabs are 841 N. Euclid, 809 home, 938 Monroe, 811 Forest Ave., and 618 Thatcher Ave. all of these homes for just under $1 million are amazingly beautiful, spacious, and generally incorporate the open concepts and master bath that you would expect at this price level. I highly recommend taking a tour of all of them just so that you can see these awesome homes!

Come back next week and I will be reviewing the 1 million+ range homes in Oak Park and River Forest. While there are not too many of them that are actual rehabs, there are quite a few that have brand-new kitchens and baths while keeping the old world charm of the era in which they were built.

Feel free to contact us if you have any questions. 

 

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