Six Unforgettable Hyde Park Deals
Don't pack up your house hunting gear. Hike down to the South Side for a look at some harvest season deals (maybe a few steals), from condos to rare turn-of-the-century estates.
We're always tracking deals and winners around Chicago neighborhoods and from time to time we like to indulge in a little house hunting eye-candy. Bargains, we're looking for bargains. It can get a little tricky decoding the fluctuations in pricing, but if you're looking to fly south from the Loop, make a run to Hyde Park.
What's going on near the University of Chicago campus? The first points that flare into mind are usually a combo of history, intellectual prestige, and one of Frank Lloyd Wright's most famous creations -- the Frederick C. Robie House. But let's look at the math.
Real estate in Hyde Park has been on an upswing, with the median sales price of $225,000 up by 48 percent from a year ago. The average listing price, though, has been moving up and down by about $30,000, from lows averaging $310,000 to highs tipping the $342,000 scales. Compare these to Chicago averages at just over $381,000. Zillow predicts Hyde Park values will increase 6.6 percent in 2014.
You'd think it goes against a real estate buyer's code to shop around during the chilly Chicago off-season, right? That's what everybody says. And that's how people sleep through deals. We got you started and grabbed six homes, with prices ranging from a condo at $299,000 to a $2.38 million home on Professor's Row. Sharpen your to-do list.