2002 Real Estate Sales Top $135 million

BY PAULA ARNETT

Sheffield’s real estate sales* were $135,470,714 in 2002, up 12.6% over 2001’s sales of $120,328,242 while the number of transactions rose slightly, 25 in 2002 vs. 240 in 2001, or a 2.1% rise. That indicates that prices are up for the 2002 year.

However, prices of many properties reselling in a relatively short period of time (approximately one year) are not up. These are shown in the Multiples Sales section of my new 2001-2002 Sheffield Neighborhood Real Estate market Report.

Latest FYI’s

A property purchased for $795,000 in May 2002 in the 1000 block of Webster has been town down. And, if you’re interested in properties currently on the market for $2 million plus, see the accompanying chart to learn their acquisition costs.

*Data compiled from the Multiple Listing Service of Northern Illinois and Sheffield’s boundaries are Armitage on the south, Fullerton on the North, Halsted on the east and the Chicago River on the west.

Property	List Price	Acquisition Price	Note	Date Acquired
2200 Block Clifton	$1,950,000	$700,000	1	Aug 2002
2200 Block Magnolia	$2,225,000	$750,000	1	June 2001
2300 Block Southport	$2,250,000	$385,000	1	Mar 2001
2200 Block Wayne	$2,299,000	?		?
2000 Block Seminary	$2,400,000	$600,000	2	May 1997
1200 Block Dickens	$2,495,000	$1,550,000	3	May 2002
2200 Block Janssen	$2,650,000	$900,000	1	Mar 2001
2200 Block Dayton	$2,695,000	$100,000	2	Nov 2001
2300 Block Wayne	$2,700,000	$800,000	2	Jan 2002
2100 Block Dayton	$2,800,000	$847,000	1	Nov 2002
2100 Block Kenmore	$2,998,000	$740,000	2	May 2002
2000 Block Kenmore	$3,150,000	$2,542,500	1	June 2000
2000 Block Magnolia	$2,975,000	?	2	Sept 1997
2000 Block Magnolia	$4,500,000	$415,000	2	May 1990

*Data compiled from the Multiple Listing Service of Northern Illinois.

NOTES:
1 Per MLSNI
2 Per Cook county Tax Records
3 Entire Parcel

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