Maureen’s Insider Notes · Free One-Page Breakdown
Does Landmarking Lower Home Values?
There’s a proposal to landmark the greystone blocks of Eddy, Cornelia and Newport between Racine and Southport. Some owners are for it, some are against it, and everyone wants to know: will protecting the feel of the neighborhood you fell in love with hurt your home’s value?
I pulled almost 20 years of MLS sales to find out, and put the answer on one easy page.
What’s inside
- How values changed on Newport Avenue after it was landmarked in 2005
- How those buildings did in the 2008 downturn compared with the rest of Lakeview
- What two- and three-unit buildings between Racine and Southport are selling for today
- Who is paying the most for these greystones, and who isn’t
- What landmarking covers, what it doesn’t, and the tax incentive owners can use
- The honest trade-off, and how to tell which side of it your building is on
Want the full story first? Read Does Landmarking Lower Home Values? on my blog.
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Own on Eddy, Cornelia or Newport?
I’ll run your numbers both ways, as a home and as land, so you can decide for yourself.
Call or text me at 312-953-7811, or explore my Lakeview neighborhood guide and free Chicago home guides.
Maureen Moran, REALTOR® | @properties Christie’s International Real Estate | 548 W Webster, Chicago, IL 60614
Equal Housing Opportunity. All data from MRED, deemed reliable but not guaranteed. This one-pager is for general information and is not legal or financial advice.
