Is Woodlawn Real Estate Development Finally Making A Comeback?

Is Woodlawn Real Estate Development Finally Making A Comeback?

After sitting empty for nearly a decade, the trio of buildings that I've lovingly nicknamed the Three Sisters, are being marketed for sale.

three-sisters-sign

Clearly, the proximity to the Obama Library complex is a strong selling point, as are the luxury finishes listed on the website.  It has been noted that the real estate recovery has had a much slower time taking hold on the south side than it has on the north side.  Does this new development mean that the south side is poised for a rebound or is this just an anomaly because of the Obama Library?  Will all of Woodlawn real estate benefit, or just those of us closer to the lake?

With price points of $275K for a 3 bedroom, 2 bath simplex, $350K for a 3 bedroom, 2 bath duplex down & $399K for a 4 bedroom, 3 bath duplex up; a buyer is definitely getting more bang for their buck.  But will attractive pricing and nice finishes be enough to lure a high end buyer to Woodlawn?

I guess we're about to find out.

 

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