Lush, exclusive and serene, Peterson Woods is a tiny wedge of a Chicago neighborhood bound by water and urban greenscapes. A distinctive subdivision encircled by six other neighborhoods, Peterson Woods has defined itself as its own residential entity with the beautiful open environs of Legion Park cutting through its western half. Well-crafted, ornate brick homes on oversized lots are remnants of Peterson Woods' past community members who prided themselves on exceptional construction skills. Many of the residences reflect the architectural style of early to mid 1900s, while a wave of new development has brought the neighborhood into the 21st century with state-of-the-art condominiums. Peterson Woods offers a streak of flavorful cuisine that lean toward a Far East tinge at the string of local restaurants on Lincoln Avenue.
Peterson Woods Real Estate and Neighborhood Information
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Peterson Woods Real Estate
Real Estate investors and sellers often dub Peterson Woods one of Chicago’s 'Secret Havens.' The natural preserve of the North Shore Channel and Legion Park have made it a serene getaway from the hustle and bustle of city life.
While Swedish immigrants initially rooted the community, Peterson Woods underwent its second wave of development between 1920 and 1940 to accommodate the increasing population of working-class residents who had earning power, thanks to their well-paying construction jobs in the North Shore Sanitary Canal District. As a result, ornate brick homes situated on large lots characterize much of the neighborhood streets, while new developers are coming in to erect state-of-the-art condominiums that boast everything from heated underground parking to 21st century digital security systems. As if the beautiful properties and well-crafted architectural styles weren’t enough, homebuyers are attracted to living in Peterson Woods because of its reputation for top-notch schools, shopping options and transportation in the surrounding area.
Detached single-family homes in the Peterson Woods go for a wide range of prices. You can find a small one-story house for as low as $300,000 in Peterson Woods, but most of these properties are older models that need a little interior redecorating—if you catch the drift. On the other hand, there are stunning two-story stone and brick houses in the neighborhood that are priced in the high $600,000s up to the high $700,000s. These stately homes exude grandeur that inspires great pride in the folks who live in this north side Chicago community.
In between the two extremes are a number of classic red and yellow brick bungalows that are comfortable and attractive by any standard. For anyone interested in more modern living options, condos are the best avenues to explore around here. Condos in Peterson Woods neighborhood start around $170,000. Many of the units occupy vintage buildings while others are found in more simplistic low-rise structures. On the higher end of the price spectrum are the new construction condos which are listed for as much as $425,000 for a three-bedroom with garage parking.
Peterson Woods market trends
The average sale price of a home in Peterson Woods is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Peterson Woods sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Peterson Woods spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Peterson Woods sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Peterson Woods is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Peterson Woods sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Peterson Woods is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Peterson Woods sign up for the trends report below or contact your Dream Town broker.
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