Back To Blog

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. 


    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.


    1. No comments. Be the first to comment.