What are the thoughts of realtors on this board of the value of 3 bedroom condos in Madison Park?

Asked by Zira, Chicago, IL Tue Jun 24, 2008

There a two listings in the same building right now, are they worth what is being asked? Does the area justify the pricetag? Thanks in advance.

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Wayne Beals, Agent, Chicago, IL
Tue Jun 24, 2008
I've worked in this market area for 5 years and I've been in one of the units you mentioned. It is a very nice property. With the great location and intriguing floorplan this building get a good price when compared to the Kenwood and Hyde Park markets. The last closing for a 3 Bedroom in this building appears to be for $395k in sept '07. It did have 2.1 baths, so some adustment is necessary. Properties in Madison Park rarely change hands. It's a fantastic community.
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