Why Doesn’t Anyone Want This Cute Echo Park Bungalow?
The headline reads: "Why Doesn’t Anyone Want This Cute Echo Park Bungalow?" Presumably, Jenna wants people to chime in with why they think it hasn’t sold. I suggested it’s overpriced, and someone agreed. I also said it might have something to do with the homeless situation in the nearby park, and someone else agreed. Another person mentioned the parking problem, which was a great point. If constructive comments make you "miserable", best to check out some other site. People complain a lot here.
guest #2</a>: <a href='#comment-904597'>guest #1: You’re both probably correct, but that area of Mayfair is rather duuuuuuuuull… And, frankly, a little too close to the craziness that occasionally happens around Gompers Park and this section of Lawrence Ave. to really justify wanting to live there. I can live with the quiet life in Jefferson Park or Portage Park, neighborhoods that offer little amenities but a lot of peace of mind, or I can live with neighborhoods like Wicker Park or the West Loop, where you have to sacrifice some of the peace and quiet for a little bit of urban flavor, but hey, at least you live in a living, city environment, but Albany Park kind of reeks of the worst of both worlds. Too much of the wrong action, not enough of the other.
Poll: What Will Be Chicago's Next Emerging Neighborhood?
Bridgeport is stable neighborhood. I don’t see it changing significantly, at least not for a very long time. Most of the residents have roots which date back generations and have no desire to leave. Jefferson Park, are you kidding me? It’s a stable neighborhood also, and is 5 miles from the loop. Aint gonna change. It will remain solidly middle class for awhile. Don’t count on gentrification. Washington Park will remain a ghetto. McKinley Park will remain a blue collar working class neighborhood. No changes coming to this area. The eastern and northern end of Little Village will see students and hipsters move in, but no yuppies. Woodlawn is going to take awhile, as Bronzeville to the north will gentrify first. Pilsen east of Racine will gentrify, Humboldt Park east of Kedzie will continue to gentrify. The north eastern edge of East Garfield Park will see improvements, but it will be a while, after all the other neighborhoods mentioned.
Poll: What Will Be Chicago's Next Emerging Neighborhood?
Bridgeport is stable neighborhood. I don’t see it changing significantly, at least not for a very long time. Most of the residents have roots which date back generations and have no desire to leave. Jefferson Park, are you kidding me? It’s a stable neighborhood also, and is 5 miles from the loop. Aint gonna change. It will remain solidly middle class for awhile. Don’t count on gentrification. Washington Park will remain a ghetto. McKinley Park will remain a blue collar working class neighborhood. No changes coming to this area. The eastern and northern end of Little Village will see students and hipsters move in, but no yuppies. Woodlawn is going to take awhile, as Bronzeville to the north will gentrify first. Pilsen east of Racine will gentrify, Humboldt Park east of Kedzie will continue to gentrify. The north eastern edge of East Garfield Park will see improvements, but it will be a while, after all the other neighborhoods mentioned.
Poll: What Will Be Chicago's Next Emerging Neighborhood?
This is a fun, if not impossible, topic. More realistically, smaller defined neighborhoods within the larger community areas can get "hot", or offer a glimpse into possible growth and improved quality of life. It also depends on what "hot" is. Hot=home prices we’ll assume.
One example:
Jefferson Park is a big area and median home prices have fallen during this bust. However, there are pockets around Blue Line stops that can become more in demand much quicker. The attendance boundary schools matter too.
The Jefferson Park neighborhood around Beaubian School and Robert’s Square Park has held home values much better than the greater community area due to the good performing attendance school and proximity to the Blue Line and Metra stops. Go north of Foster or West of 94 etc not so good on prices… and you really can’t lump those Jeff Park areas in with this smaller niche neighborhood that can be "hotter" in context.
What are Chicago’s biggest transit mistakes and missed opportunities?
Limiting the conversation to Chicago/inner ring suburbs-
Biggest Miss:
-With little question, the $400 million Block 37 Station. Give politicians money and they will spend it in the silliest ways! Plus, added to the expense of building Block 37.
-A close second would be slow build out and enhancement of Amtrak HSP between Chicago and major Midwest cities and the VERY slow effort to connect Chicago to Quad Cities and Chicago to Dubuque via Galena.
Opportunities Include:
-Light rail, heavy rail, or BRT connecting Midway Airport to Hyde Park via 63rd Street (extending the Green Line?), 59th Street, or Garfield Boulevard/55th Street. This would connect a major employer (Midway Airport area) to Hyde Park (tourist destination)
-Light rail, heavy rail, or BRT connecting Uptown’s Red Line Lawrence Station to Blue Line Jefferson Park Transit Center via Lawrence Avenue. Would be a boom for travelers on in the northern communities heading to O’Hare and connect three El lines.
-Light rail, heavy rail, or BRT connecting Orange Line-Midway Station to Blue Line Jefferson Park Transit Center via Cicero. This would connect Orange, Green, Pink, and Blue lines and help travelers between the two airports.
As New York Hurtles Toward an Eviction Crisis, These Are the Tenants Most at Risk
I really miss the days of the Curbed Price Spotter game or other news about high-end apartment sales at 220 Central Park South. There have actually been a few sales for over $50 million since March at 220 Central Park South. I loved discussing the sale of those high-end units. Interestingly, many of those units were in-contract years ago but are now closing, despite the very difficult market for sellers who are trying to sell their high-end properties right now.
There is a lot more going on in New York City real estate – both residential and commercial – that is not covered at all by Curbed New York. I find it really interesting how many of the big tech companies like Amazon and Facebook are signing large leases during the "work from home" time for many office companies.
Yes, there is a lot of hardship for many New Yorkers in terms of their health, living situation and financial circumstances. However, there are a lot of things going on in New York City real estate that are not being written about. I feel the non-Covid, homeless crisis, eviction crisis-related stories should start to be covered again.
I believe readers should know about what’s happening in the office market, retail market, residential market and industrial market in New York City – not just a handful of topics over and over again.
Nice to see Lower East Side getting more open streets. The area doesn’t have a massive park like Central Park or even a moderate size park like Riverside Park so this will be great for Lower East Side residents to maintain social distancing.
Windsor Terrace Two-Bedroom With Plentiful Storage, Steps From Prospect Park, Asks $849K
Really not a bad place given the location so close to Prospect Park and price. This is yet another sign that prices have fallen. I like the renovated kitchen with stone countertops. I would change the backsplash but that’s a minor fix. There is plenty of natural light for the windowed kitchen and large living room. The windowed bathroom is great. The in-unit washer/dryer is a nice convenience. There is decent closet space with additional storage unit. There isn’t a single dark area in the entire unit given the windowed foyer.
Windsor Terrace Townhouse With Inground Saltwater Pool Wants $4M
I looked at this house. They don’t use the garage for cars. They park in the driveway. The first floor is gorgeous. Not sure about the price. I keep looking at postage stamps that are close to 3M. 4M is a stretch but there is a lot here.