Logan Square Multi-Family Real Estate: Complete Guide
Logan Square has been enjoying a renaissance and, as a result, is now one of Chicago’s Premier Neighborhoods, along with Bucktown and Wicker Park.
Once you walk along the tree-lined main strip of North Milwaukee Avenue, it is easy to see why the 3.23 square miles of Logan Square has become a real estate jewel. There you’ll find unique eateries, art galleries, music venues, and amazing architecture dotting this family-friendly (and pet-friendly) Northside neighborhood, only seven miles from downtown Chicago.
Logan Square real estate prices and its rich property market reflect the ongoing attraction of this contemporary area.
Logan Square Market at a Glance
Logan Square is known for its dynamic housing options, including:
- Chicago Brick Bungalows
- Majestic Greystone Mansions
- Contemporary Condominiums
- Cozy Single Family Homes
- Large Multi-Family Duplexes & Triplexes
This chic Windy City community has boundaries consisting of Western Avenue to the east, Pulaski Road to the west, Diversey Avenue to the north, and Armitage to the south.
Logan Square’s real estate prices last year were $487,000 (median) or $272 per square foot. Although the Logan Square real estate market has grown overall by 121% since 2016, there has been very little appreciation in the last twelve months in comparison to 2018. During 2019, a total of 166 Logan Square housing units were sold.
Market Update for 2020
Logan Square home sales should remain strong into the new decade while appreciation will continue to creep along at a slower pace. The majority of “Logan” homes are sold within 75 days or less while local condos are typically sold in less than 60 days.
Sellers should continue to expect multiple offers on their properties, particularly if they are selling a multi-family unit. There are many buyers looking to purchase the perfect Logan Square residence for rental purposes since it is such a trendy community and regularly attracts interested renters.
On the flip side, 2020 should be a promising time for people who want to establish roots in the Logan Square area. The real estate crystal ball reveals both two-flats and three-flats as being the top choice for many buyers and Logan Square is the perfect Chicago neighborhood to fulfill such a dream.
Logan Square Amenities & Attractions
Residents and Education
The average age of Logan Square residents is 31 years old and about 50% of the population are married. Many of the households within this historic location are families with children attending Chicago School District 299.
This small, diverse neighborhood has a total of 22 schools, including the full range of education from elementary all the way to high school. In addition, Logan Square parents have the option of choosing among public, private, and religious learning institutions.
Transportation and Travel
Many people within the area appreciate the convenience of visiting downtown Chicago within a short 20-25 minute commute or hopping on the Kennedy Expressway to visit amenities like O’Hare International Airport or attractions like Wrigley Field.
Logan Square residents can also easily access other area highways (or use the El Train) to get wherever they would like within a reasonable amount of time.
Nightlife and Tourism
The northwest side neighborhood hosts many popular festivals such as the Logan Square Beer Festival and the Milwaukee Avenue Arts Festival. There is a long-standing and rather large Farmers Market where individuals can gather on a weekly basis. There is plenty of nighttime fun and daytime activities for singles and families alike.
Types of Real Estate for Sale in Logan Square
As previously mentioned, both two-flats and three-flats remain the top choice for many buyers looking to get into the Logan Square area. These legal multi-family units not only provide wonderful living spaces but also a great revenue source too.
Many of the properties being sold in the area have modern upgrades, are fully-rented, and may include other unique features such as in-law apartments or remodeled basements.
People looking to offload their very desirable Logan Square properties will find the local 2020 housing market to remain quite robust. Chicagoland real estate agents are singing the praises of Logan Square for the 4th year in a row as sellers are still sitting at the top of the market.
The diverse demographics and enviable location makes a seller’s life easy since Logan Square sells itself. Plus, it is a premier community nestled among other such areas like Bucktown and Lincoln Park.
Your Logan Square Real Estate Agents
Are you looking to find a great deal on some of the premier real estate in the Logan Square area? Whether you’re looking for a Logan Square multi-family, home, condo, apartment, or more, Chicago Real Estate Source helps you compare prices across MLS easily. Find and compare the best opportunities to expand your real estate portfolio, or find your dream home.
Or are you looking to sell your Logan Square property? Give our North Chicago Real Estate Agents a call today to assess the value of your property and get it on the market - or begin your search for your new home. With over 30 years of experience, our Logan Square Real Estate Agents have key insights into the local Chicago real estate market and can help you find what you’re looking for.
Contact logan square real estate expert Jose Hernandez today to get more buyer and seller information about the current market.
Looking to get your search started immediately? Start by browsing our MLS for Search Logan Square Real Estate