| | Chicago Listings, week of Feb 28- Mar 6 | |
| ||||||||||
| | 2007 | 2006 | 2005 |
| |||||||||
| | Units | Median | Units | Median | Units | Median |
| ||||||
| type 1 | 624 | $298,000 | 608 | $290,000 | 461 | $259,900 |
| ||||||
| type 2 | 1323 | $319,900 | 1285 | $329,900 | 1503 | $339,000 |
| ||||||
| type 3 | 401 | $365,000 | 331 | $374,000 | 257 | $340,000 |
| ||||||
| | Chicago Closings, week of Feb 28 - Mar 6 | | |||||||||||
| | 2007 | 2006 | 2005 | ||||||||||
| | Units | Median | Units | Median | Units | Median | |||||||
| type 1 | 146 | $265,000 | 225 | $279,000 | 222 | $234,600 | |||||||
| type 2 | 384 | $290,500 | 459 | $275,000 | 641 | $313,747 | |||||||
| type 3 | 51 | $279,000 | 111 | $327,000 | 124 | $300,000 | |||||||
Thursday, March 8, 2007
Chicago Listings, week of Feb 28- Mar 6
Wednesday, March 7, 2007
Chicago Listings, week of Feb 21- Feb 27
| | Chicago Listings, week of Feb 21- Feb 27 | |
| ||||||||||
| | 2007 | 2006 | 2005 |
| |||||||||
| | Units | Median | Units | Median | Units | Median |
| ||||||
| type 1 | 516 | $289,000 | 520 | $270,000 | 389 | $275,777 |
| ||||||
| type 2 | 1039 | $299,500 | 1033 | $308,400 | 1213 | $329,000 |
| ||||||
| type 3 | 349 | $355,000 | 312 | $339,900 | 208 | $329,900 |
| ||||||
| | Chicago Closings, week of Feb 21 - Feb 27 | | |||||||||||
| | 2007 | 2006 | 2005 | ||||||||||
| | Units | Median | Units | Median | Units | Median | |||||||
| type 1 | 154 | $239,500 | 182 | $250,000 | 154 | $205,000 | |||||||
| type 2 | 323 | $274,000 | 364 | $290,930 | 545 | $322,780 | |||||||
| type 3 | 58 | $287,450 | 98 | $340,000 | 95 | $257,000 | |||||||
Avondale and Lincoln Park neighborhoods, for redevelopment
North Center area eyed
City officials are earmarking portions of the North Center neighborhood, along with tiny pieces of the Avondale and Lincoln Park neighborhoods, for redevelopment.
The 165-acre Addison South tax increment financing district falls between West Belmont Avenue (several blocks extend to School Street) and Logan Boulevard and Leavitt Street and Washtenaw Avenue.
The Chicago Community Development Commission last month approved the designation. City Council approval is needed.
The TIF designation aims to arrest blight that city officials say threatens the area and to attract commercial developers.
The district consists of industrial and commercial areas, with pockets of residential buildings along Diversey and Elston Avenues.
The city's feasibility study determined that of 440 buildings in the area, 422 were built before 1971. State law requires that at least half of the buildings in a TIF district be at least 35 years old.
The TIF designation sets aside $125 million that the city will spend on improving the area's infrastructure to attract investment.
Though the city has not decided to acquire any of the land in the district, $25 million of the Addison South TIF's budget is earmarked for assembling development sites. That money could be used to demolish buildings and clean up sites. There are 551 occupied residential units in the district.
Another $25 million is set aside for rehabbing existing buildings and subsidizing housing.
By Jeanette Almada
Special to the Tribune
Published March 4, 2007
City officials are earmarking portions of the North Center neighborhood, along with tiny pieces of the Avondale and Lincoln Park neighborhoods, for redevelopment.
The 165-acre Addison South tax increment financing district falls between West Belmont Avenue (several blocks extend to School Street) and Logan Boulevard and Leavitt Street and Washtenaw Avenue.
The Chicago Community Development Commission last month approved the designation. City Council approval is needed.
The TIF designation aims to arrest blight that city officials say threatens the area and to attract commercial developers.
The district consists of industrial and commercial areas, with pockets of residential buildings along Diversey and Elston Avenues.
The city's feasibility study determined that of 440 buildings in the area, 422 were built before 1971. State law requires that at least half of the buildings in a TIF district be at least 35 years old.
The TIF designation sets aside $125 million that the city will spend on improving the area's infrastructure to attract investment.
Though the city has not decided to acquire any of the land in the district, $25 million of the Addison South TIF's budget is earmarked for assembling development sites. That money could be used to demolish buildings and clean up sites. There are 551 occupied residential units in the district.
Another $25 million is set aside for rehabbing existing buildings and subsidizing housing.
By Jeanette Almada
Special to the Tribune
Published March 4, 2007
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