Logan Square Condos for Sale & Real Estate Listings

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Logan Square Condos

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About Logan Square

Logan Square, nestled in the heart of Chicago, is a neighborhood that perfectly embodies a mix of historic charm and contemporary urban flair. This diverse community is known for its beautiful greystones, bungalows, and innovative new developments. The real estate market in Logan Square has been on the rise, with a growing interest in both renovated classic homes and modern apartments. This trend reflects the neighborhood's appeal to a range of residents, from young professionals and artists to families who appreciate the area's rich cultural diversity and vibrant atmosphere. Logan Square offers an urban lifestyle with a unique, creative twist, making it one of Chicago's most sought-after neighborhoods.

The Logan Square Lifestyle: Artsy, Lively, and Community-Centric
Living in Logan Square means immersing yourself in a neighborhood with a strong sense of community and a passion for the arts. The area boasts a lively culinary scene, featuring everything from trendy cafes and food trucks to award-winning restaurants. The local arts and music scene is vibrant, with numerous galleries, live music venues, and street festivals throughout the year. Logan Square also offers plenty of green space, including the iconic Logan Boulevard and Palmer Square, perfect for leisurely strolls and outdoor activities. The neighborhood's friendly, eclectic vibe and active social calendar make it an exciting and welcoming place to call home.

MARKET INSIGHTS

Logan Square HOUSING MARKET TRENDS

What is the housing market like in Logan Square today?
The Logan Square housing market is somewhat competitive. The median sale price of a home in Logan Square was $593K last month, up 14.0% since last year. The median sale price per square foot in Logan Square is $319, up 15.3% since last year.
 

How hot is the Logan Square housing market? Logan Square is somewhat competitive. Homes sell in 52 days.

TOP FAQS ABOUT CONDOS IN LOGAN SQUARE

Yes, they can be, with several factors contributing to their potential:

  • Strong appreciation: Over the past 5 years, the median condo price in Logan Square has risen by 38%, indicating robust long-term value growth.
  • High demand: Logan Square attracts young professionals, families, and investors, creating a competitive market and pushing demand for well-located condos.
  • Diverse offerings: From historic walk-ups to modern high-rises, Logan Square caters to various budgets and lifestyles.

However, consider these points:

  • High entry cost: Logan Square boasts some of the priciest real estate in Chicago, demanding significant investment compared to surrounding areas.
  • Competitive market: Bidding wars and quick deals are common, requiring strategic maneuvering and swift decision-making.
  • Maintenance fees: Be mindful of HOA fees and potential maintenance costs associated with shared amenities.

Neighborhood Example: In Palmer Square, known for its historic mansions and tree-lined streets, the median condo price exceeds $700,000, reflecting exclusivity and high demand.

  • Shift towards smaller units: While spacious condos remain popular, studios and one-bedroom units are gaining traction due to affordability concerns and solo buyers.
  • Focus on amenities: Condos with balconies, roof decks, fitness centers, and proximity to transit are highly sought-after, prioritizing convenience and outdoor living.
  • Sustainability features: Energy-efficient appliances, smart home systems, and eco-friendly construction are increasingly valued by buyers.

Neighborhood Example: The Robey Chicago exemplifies this trend with its LEED-certified condos, rooftop terrace, and proximity to public transportation, attracting environmentally conscious buyers seeking modern living.

The "best" depends on your priorities:

  • Vibrant atmosphere: The heart of Logan Square, with its trendy shops and restaurants, provides walkability and a lively scene, ideal for young professionals and those seeking an active lifestyle.
  • Family-friendly vibe: Palmer Square and parts of Bucktown offer parks, good schools, and a more suburban feel, catering to families with children.
  • Up-and-coming: The western edges of Logan Square and neighboring Humboldt Park offer more affordable options and a mix of historic and modern buildings, attracting budget-conscious buyers and investors.
  • Affordability: Rising costs and high competition, particularly for desirable properties, can limit accessibility for some buyers.
  • Limited new construction: Strict zoning regulations and high land costs can constrain new condo development, impacting supply.
  • Parking limitations: On-street parking can be challenging, and some buildings charge extra for assigned parking.
  • Partner with a local realtor: Their expertise in specific neighborhoods, market trends, and negotiation strategies can be invaluable.
  • Define your needs and budget: Be clear about your priorities and financial limitations to make informed decisions and target your search effectively.
  • Be prepared to act quickly: In such a competitive market, swift decision-making and strategic offers are crucial to securing your desired property.

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