606 Trail Having Positive Impact on the Homes Surrounding It
If you’re trying to sell a Chicago condo next to the new 606 trail — the elevated park connecting the city’s Bucktown, Wicker Park, Logan Square and Humboldt Park neighborhoods that opened last month — be sure to include it in your home’s listing.
The elevated park and trail has become a big selling point for the homes near it, according to a recent story by Crain’s Chicago Business.
The Crain’s story says that at least three homes that have mentioned the 606 in their listings have sold, while a fourth residence is scheduled to close soon.
This isn’t a surprise. The Crain’s story says that home builders and sellers have been waiting for the 606 since the early 2000s, when plans for it were first announced. The Crain’s story quotes REALTORS® who say that they expect the trail — which replaced the now-defunct Bloomingdale train line — to have a positive impact on home sales in the neighborhoods through which the trail runs.
One of the homes that recently sold near the trail nabbed a price of $1.4 million. According to the story, the buyers of the Bucktown home requested that the property’s for-sale sign be removed immediately; they worried that walkers using the trail would see the sign and make even higher offers for the property.
The Crain’s story also points to a home that sold in one day for more than $1 million. According to the story, the home’s listing touted that the residence stood just steps from the 606 trail.
The lesson here is clear: If there’s a great city amenity located close to your home, don’t be shy about advertising this when you list your property. Buyers moving to Chicago’s neighborhoods want to take advantage of all of their amenities. It never hurts to remind potential buyers about why they want to move to your neighborhood.