Ukrainian Village is one of the most charming areas west of the city and recently honored as “hottest neighborhood in the country”. Many people will be surprised to see how much the neighborhood resembles a European town.
Tree-lined streets, overflowing flower boxes and neighbors hanging out in small groups on their stoops are all characteristics of this old world community. Ukrainian Village takes great pride in aesthetics – streets are clean, lawns and backyards are well-kept, and the buildings themselves greatly reflect the neighborhood’s history.
When it comes to real estate, you’ll find a blend of single-family houses, large apartment buildings, two and three-flats, and small cottages here in Ukrainian Village. Many of the homes in this area were designed and constructed by William D. Kerfoot, one of the first developers to flourish after the Great Chicago Fire of 1871. And while Kerfoot’s intricate Victorian-style homes are normally passed down through family generations (and nearly impossible to get your hands on) the remaining real estate is just as desirable; classic, red brick cottages boasting the oh-so-rare beautiful backyard. There are quite a few newer houses as well, many modeled after the quaint, historical vibe of the neighborhood.
Prices spiked in Ukrainian Village shortly after the ‘hottest neighborhood’ honor. But things have settled down just a bit and there are reasonably priced houses and condos to be found. Generally speaking, the average sale price for a two-bedroom condo in Ukrainian Village is around $335,000. If you’re in the market for a little more real estate — perhaps a single-family home — you’re looking at a wide range of prices. A 3 bedroom home might start at $600,000 and many homes are now selling in the $900 to $1.2M mark.
Buying your first home? Click here for great tips and to find out Debra’s answers to the top four most common questions she receives from first time homebuyers.
|Zillow Home Value Index||$499,500||$248,900|
|Median Single Family Home Value||$722,500||$247,200|
|Median Condo Value||$443,300||$269,800|
|Median 2-Bedroom Home Value||$400,700||$184,800|
|Median 3-Bedroom Home Value||$538,300||$228,900|
|Median 4-Bedroom Home Value||$793,800||$348,000|
|Percent Homes Decreasing||44||2,060,675|
|Median List Price Per Sq Ft||$317||$298|
|Median Sale Price||44||250,000|
|Turnover (Sold Within Last Yr.)||44||2,060,675|