I have had the fortunate opportunity to currently be managing one of the most challenging listings of my career.  This listing is a two flat greystone off Logan Boulevard on Richmond Street.  If you want to be in Logan Square, this property resides in what most consider the premier section of this neighborhood.  The problem isn’t the location but rather the property condition.

This listing experience made me wonder how other simiilar two unit greystones in better condition have performed in this current market.  I must say that I was amazed at what I found. The average days on the market for this property type in this area was 55 days before getting a sales contract that closed.  In case you are wondering, the average sales price was $576,500.

The bottom line is if you are considering a multi-unit, look at greystones first.  There is actually amazing demand all over the City of Chicago, not just Logan Square, for these property types.