Bucktown properties are rapidly rising in value. While in the past prices of Bucktown properties may have been suitable for starving artists, today’s prices target those with a more solid grasp of their finances. Despite rising property values, Bucktown properties (2-bedroom and 3-bedroom condos and single-family homes in particular) remain more affordable than neighboring Lincoln Park. In 2007 the median sales price one-bedroom condos was around $185,000; two bedrooms at $285,000; and three or more bedrooms at $515,000. Bucktown loft properties start at $280,000, while townhomes are priced closer to $380,000 and up. For a single-family home in Bucktown saw a median sales price of $852,500. Because of the relative affordability of Bucktown properties, most real estate here tends to spend less time on the market than comparable properties in the neighborhood of Lincoln Park.
Ultra Urban Hotspot
Attracting a new generation of urban dwellers to the neighborhood, the Bucktown, Chicago real estate area is known for its highly eclectic cultural atmosphere, bohemian-like retail shopping district, and a fabulous array of dining establishments and night clubs. Bucktown’s many night clubs, swanky bars, and funky shops and restaurants can be found on nearly every corner of the triangle intersection of Milwaukee and Damen Avenue.
Residents of Bucktown properties can accomplish most of their shopping along Damen Avenue from North Avenue (in nearby Wicker Park) and continuing north up to Webster Avenue.
Every August, more than 30,000 art lovers attend the “Bucktown Arts Fest,” an event that has taken place annually in the neighborhood for the past 20 years. Bucktown offers easy access around Chicago via the blue line.
Logan Square
Bucktown, Chicago real estate is situated within the community known as Logan Square. Located on the northwest side of Chicago, Logan Square is centered on the public square that shares its name. The neighborhood of Logan Square is bounded by Diversey to the north, Armitage to the south, Western to the east and Pulaski to the west. The public square itself is formed by the intersections of Logan Boulevard, Milwaukee Avenue, and Kedzie Boulevard. The neighborhood of Logan Square is known for its exceptionally well-kept homes, beautifully manicured gardens, quaint tree-lined streets, and historic mansions. Logan Square’s century-old mansions can be viewed at The Historic Mansion Housewalk, held annually in this part of the city each September.
Bucktown properties for sale can be found in the community of Logan Square, and these are particularly attractive to young, well-educated artists and professionals who prefer to live in a diverse neighborhood. In addition to its majestic mansions, Logan Square boasts two- and three-flat buildings constructed before World War I. Many of Logan Square’s side streets have smaller homes and two-and three-flat graystones.
Founded in the middle of the 19th century, Logan Square, even with all its grandeur, is known for being one of Chicago’s most affordable places to live on the North side. Average home prices for a one bedroom were $223,000; two bedrooms at $306,000; and three bedrooms or more sell for around $402,432. Individual prices for townhomes start at $315,000, and single family homes averaged $677,500.
Further enhancing the popularity of Bucktown, Chicago real estate are the surrounding area’s 100-plus restaurants, cafes, bakeries and bistros. Every August, thousands of local residents and visitors attend the Taste of Logan Square to sample eclectic cuisine.
As Bucktown properties continue to rise in value, now is the ideal time to consider moving into this eclectic and charming neighborhood. For more information about Bucktown, Chicago real estate, please contact expert Realtor Mike Long of Long Realty at 773-851-3654 today.
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