For homebuyers, Logan Square has steadily gained popularity in recent years thanks to a variety of factors: homebuyers getting squeezed out of Lincoln Park and Lakeview by rising prices, the completion of the popular 606 trail through Logan Square and an infusion of trendy new bars, restaurants and nightlife to the area, to name a few. According to our President of Business Development Chris Norton who listed a classic, 14-unit graystone building on Logan Boulevard, these factors and others have led to an influx of homebuyers looking for single-family homes in Logan Square, which has spurred a trend toward de-converting multi-unit buildings into single-family homes. “The current construction that’s going on, a lot of the multi-residential buildings are being eliminated and being de-converted, and now these new single-family homes in Logan Square are starting to break the million-dollar mark,” he says.
So what can buyers do if they want the convenience and residential feel of Logan Square but can’t afford the steadily climbing price tags? Norton suggests expanding your search to nearby Avondale. “You get more value in Avondale,” explains. He points out that homes in Avondale located east of Kimball and south of Wellington offer the same proximity to the Blue Line as many parts of Logan Square. And the price of a home can be significantly reduced once you expand your search into Avondale. “The difference in the neighborhood feel is negligible, and if you’re looking to get more for your money, look to Avondale,” says Norton.
Avondale is starting to show signs of this increased interest already. Yusho, a Japanese/fusion restaurant from Charlie Trotter protégé Matthias Merges last year received a Michelin Bib Gourmand award. The new outpost of Café Tola will soon occupy the former Hot Doug’s space. And Chicago favorite Honey Butter Fried Chicken has been drawing hungry diners to a formerly industrial stretch of Elston. Norton points out that popular haunts Lost Lake and Son of a Butcher are technically located in Avondale as well. And while we can’t divulge too much yet, there are rumors that even more entertainment options may soon be available to Avondale residents.
So if you’re looking for the Logan Square vibe without the higher prices, Avondale might be the perfect location. Interested in learning more? We’d love to chat about it. Feel free to contact us!
*Photo courtesy of Flickr user Steven Vance.