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.

Photo by: Jennifer Ames/Coldwell Banker 5656 S. Dorchester Ave #1. The 3-bed, 3-bath condo is in a marvelous 1914 brick and limestone vintage building. Let's tick off a few morsels in this 2,400-square-footer: two sun rooms, a balcony, two of the original wood burning-fireplaces (see the intricate work pictured above). It's probably the leaded-glass windows and open floor plan that sealed it for us. True craftsmanship here. Listed with Jennifer Ames of Coldwell Banker.

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. 



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