Chicago Cityscape just added sales details for 42,007 property transactions in Cook County for the second quarter of 2021. That's an increase of 4,508 property sales compared to the first quarter of 2021.
In the East Garfield Park community area, there were 117 transactions in Q2 but 125 transactions in Q1, a decrease of 6.4 percent.
In the Woodlawn community area, there were 187 transactions in Q2 and 168 transactions in Q1, an increase of 11.3 percent.
Chicago Cityscape has three ways to look up property sales recorded since 2016:
1. Look up an Address Snapshot and scroll down to "Property Sales" to show transactions nearby and up to one mile away. Real Estate Pro members can look up an unlimited number of Address Snapshots and all other members can pay a one-time fee to purchase the reports one at a time.
2. Look up a Place Snapshot and scroll down to "Property Sales" to show transactions within that area (the default view) and up to one mile away. Real Estate Pro members can look up an unlimited number of Place Snapshots and all other members can pay a one-time fee to purchase the reports one at a time.
3. Visit our main Property Sales page to review recently sold properties and filter by municipality. This is also where you can type in a buyer or seller's name to find which property transactions they were party to.
We just launched major zoning updates to Chicago Cityscape to enable our members to find property in Planned Manufacturing Districts (PMDs), understand zoning permissions, and understand the difference between PMD subareas.
Planned Manufacturing Districts were established in 1988. Eventually, 14 additional PMDs were created but Clybourn Corridor – the first – has since been dissolved. PMDs cannot be rezoned to other classifications but parts of them can be repealed. This steady zoning classification, and the limited variety of allowed uses, keeps land values low, making it easier for businesses that require large areas of land to afford to stick around.
Prior to today, Chicago Cityscape provided very limited information to its members about PMDs and the properties within them, but more of our members have expressed interest in these areas. (Specifically, we have gathered feedback from CRE brokers and zoning attorneys that supported developing these updates.)
Here's a summary of what you can now do or see on Chicago Cityscape:
Request a demo of these features
Additionally, we've updated the maps for the PMDs and their subareas:
We make it really easy to find Chicago-owned property, and thanks to new data provided by the city, it's easier than ever to identify which department or agency is a particular property's manager.
Browse Chicago-owned property by itself
Look up any Place Snapshot and scroll down to Chicago-owned properties. Here you can see all of the Chicago-owned property in that area and filter by status (whether it's still owned by the city) or by managing organization (housing, planning, fleet & facility management, CDOT, etc.).
Screenshot: You can now filter by "managing organization". The particular properties shown were sold via the Chicago Department of Planning & Development's Large Lots program, which sells vacant lots to neighboring property owners for $1.
Find Chicago-owned property that meets specific criteria
The second way to find Chicago-owned property is to use Property Finder in a Place Snapshot. This way you can add filters like current zoning and proximity to transit.
Once you've selected a Place Snapshot, click on the "Property Finder" button, then look for "Chicago-owned properties" in the "Special filters" list. This filter will be combined with the other filters you choose.
We published two enhancements to our existing Property Sales section, and it's live for both Place Snapshots (areas) and Address Snapshots (addresses and parcels). Our Property Sales data is based on all transactions reported to the Illinois Department of Revenue per the Real Estate Transfer Tax filing rules. This means we have all residential, commercial, and industrial transactions in one place, while most other real estate platforms focus on a single sector.
The first enhancement shows summary statistics for all of the property sales in view: the average and the median sale price. Change the filters or show more sales at a time and the two stats will update instantly.
Screenshot caption: At the bottom of the Property Sales table are the average and median summary statistics. For this particular Address Snapshot, the median sale price for all properties within 250 feet from January to March 2021 was $445,000 (for properties with a sale price greater than $0).
The second enhancement counts the number of property sales for each buyer and seller in a Place Snapshot or within 1/2 mile of an Address Snapshot. This way you can see who's buying and selling the most properties. Not only can this be used to find potential buyers and sellers of your own properties, it's also a way for people to monitor potentially predatory real estate practices in their neighborhoods.
Screenshot caption: When you load Property Sales, there's a new Property Sales summary table below it that shows the names of buyers and sellers in the selected period. For this particular Place Snapshot, there were 1,031 buyers and sellers who bought and sold 555 properties in the Albany Park community area in 2020.
