New Belmont Gateway is the Latest Avondale Upgrade

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Real Estate

NEW BELMONT GATEWAY IS THE LATEST AVONDALE UPGRADE

Avondale, on Chicago’s Northwest Side, has a newly renovated Blue Line stop. The Belmont Gateway officially reopened on March 29 after undergoing a $17 million dollar upgrade that included:

  • A permanent prepaid bus boarding area that facilitates faster boarding times
  • Additional overhead heaters and new LED lighting
  • An enhanced PA system, bus and train tracker screens
  • A new concrete platform, repaved surfaces, and landscaping

The Belmont station is part of a larger renovation project, the Your New Blue Program, and is the ninth of fourteen stations to be upgraded on the Blue Line’s O’Hare branch. The $492 million transit project is the largest investment made to modernize and improve the line since it was extended to the airport 30 years ago.

Infrastructure projects are just one of many things that make Avondale a hidden gem. The area has lots of convenient shopping, good schools, and excellent commuting options. Apart from conventional shops like grocery stores and chain restaurants, Avondale has an impressive number of specialty offerings including a Revolution Brewing taproom, First Ascent climbing gym, Joong Boo Korean market, and domestic gardening shops like Brew & Grow (home brewing and growing supplies) and Belmont Feed & Seed (bee keeping and bird supplies). If you’re looking for unique restaurants, take your pick from exotic world cuisine at Parachute, delicious comfort food at Honey Butter Fried Chicken, or heavy metal burgers at Kuma’s Corner.

Avondale has blossomed without changing its identity. For example, in recent years the area has seen exciting real estate development, though it’s still known for being a working class neighborhood with affordable prices. You’ll find a range of new construction, classic Chicago masonry bungalows, frame houses, two- and three-flats, condos, and townhouses. The Cornelia Court Townhomes development is an excellent example of the neighborhood’s move toward improved aesthetic and infrastructure while maintaining its affordability.

cornelia-court-townhomes

Currently, detached single-family homes in Avondale have an average sale price of $425,000, an average list-to-sale price ratio of 96.1%, and an average of 82 days on market. Attached single-family homes have an average sale price of $311,500, an average list-to-sale price ratio of 95.3%, and an average of 89 days on market.

Inventory is down, creating a strong seller’s market -- the ideal time to list your home. If you’ve been thinking about selling or buying in 2019, don’t hesitate to contact me today. A short conversation can be the first step in making your real estate dreams a reality.

GALE GOLDSTICK
773.895.8572
Gale.Goldstick@cbexchange.com
www.galegoldstick.com
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