Addison Real Estate

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Addison

Then and Now

Addison, Illinois is situated 20 miles west of Chicago, nestled in the crook where the Eisenhower Expressway (I-290) and Veterans Memorial Tollway (I-355) intersect. The surrounding expressways make travel to and from Addison a cinch and folks who work in the city have a fairly straightforward commute to downtown. It is home to roughly 36,000 residents and covers about 9.5 square miles, making it one of the bigger Chicago suburbs.

Addison was first settled in the 1830s and was incorporated as a village in 1839. The area grew steadily in size and population during that time, but the addition of passenger transportation by way of the Chicago and Pacific railroad in 1873 really established Addison as a budding 19th century town. Construction of schools and colleges set the tone for the village's commitment to education early on. The first school was a log cabin that opened its doors in 1837. Today there are several public educational facilities servicing the area, including a branch of DeVry University that occupies an 110,000-square-foot state-of-the-art complex.

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Park is the Place

Addison is an active Chicago suburb with 24 parks sprinkled about the village. The various sites provide the community with acres of outdoor space and tons of recreational fun. The park grounds offer everything from jungle gyms and swings for the little ones to wilderness areas and fishing ponds for the nature-lovers. Athletic Addison residents will find tennis courts, baseball diamonds, soccer fields, jogging/walking tracks and other sporting facilities at select locations, including Centennial Park which also houses an indoor Rec Center and Club Fitness-equipped with cardio machines and exercise classes to help Addison community members stay healthy and in shape. The two dozen parks are maintained and managed by the Addison Park District. See below for a full list of parks in Addison, Illinois.

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Real Estate

Housing in Addison ranges from modest, brick ranch homes to sprawling, ornate stone mansions on oversized lots. Sidewalk-lined subdivisions with long lanes and cul-de-sacs offer homeowners protected residential nooks, tucked away from busy main roads and high-traffic intersections. These neighborhood blocks provide a great place to raise a family and the slew of community parks means there is always a large open green space nearby. Of course, most Addison residents find their own backyard has an ample supply of outdoor area, with swimming pools and patios built into many of the properties. Tall trees and landscaped lawns add to the beauty of the residential streets and a wide variety of housing styles rescue Addison homeowners from the lackluster cookie-cutter architecture that plagues many Midwestern suburbs.

Prices for detached single-family homes run the gamut in Addison. House hunters can easily find a quality three-bedroom one-story in the $200,000 ballpark, but those with a penchant for the elaborate will also be impressed by Addison's luxury homes market. Whether you're a fan of new construction or prefer the vintage characteristics of an older home, there are plenty of unique four- and five-bedrooms houses with price tags reaching a million dollars. Condos and townhomes are not as common as private residences in Addison, but there is still a good mix of multiunit options with one or two bedrooms. Attached properties are found in both older buildings and brand new developments and prices fall between $80,000 and $400,000.

Addison Residential Real Estate Info for Single-Family Detached Homes

Average Sale Price 2005-2006 Average # of Days on the Market Number of Sales 2005-2006 One Year Price Change Price Change Since 94
$315,488 76 297 5% 106%

Source: Multiple Listings Service of Northern Illinois

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