Does anyone know of what the range in market value is for a standard lot in North Center?

Asked by Tom Miles, Chicago, IL Wed Dec 26, 2007

Bell School District

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Ken Dooley’s answer
Ken Dooley, Agent, Chicago, IL
Fri Dec 28, 2007
Hello Tom,

A standard 25x125 lot zoned for a Single Family Home will be $450,000 to $500,000 east of Western. The Bell school district extends west of Western and less expensive lots may be available there. Check any address you're interested in at http://www.cps.edu/ at the school locator section. By typing in the address you'll see what school district the property is within. These boundaries have been known to change so always check with the school prior to moving forward with a purchase.
Finally, don't forget to take into consideration the cost of demolition, clearing an existing structure from the lot and the expense of drawing up plans and obtaining building permits.
Best of luck, Ken.
Web Reference:  http://www.KDRchicago.com
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North Center…, Home Buyer, Chicago, IL
Mon Jul 8, 2013
We've been offered in the $400-$500 range for our lot in NC, though we aren't in that market as our house is too nice to tear down.
0 votes
Patti Pereyra, , Chicago, IL
Wed Dec 26, 2007
It really depends on the area in North Center. I know you said Bell School District, bu even then there is some disparity in pricing. Roughtimate between $400-$500,000 (and even more), depending on how the land is zoned and whether or not it is a tear-down or ready land.

Bell School District is highly sought after. Sometimes you can do better knocking on run-down houses' doors and asking if they want to sell.
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