Saturday, September 22, 2018 || By Igor Studenkov || @maywoodnews
Featured image: Homes located inside of Randolph Estates. | File
The two homes the village of Bellwood is building near Englewood Avenue and Butterfield Road aren’t finished yet, but one of them has already found a buyer and the village is optimistic that the other buyer will be found before long.
The Bellwood Board of Trustees unanimously approved the sale during its Sept. 19 regular meeting. After the meeting, Harvey said that the village plans to build more homes near the intersection of St. Charles Rd. and 49th Street once the construction is complete.
Harvey said that the village envisions a plan to keep building homes down the road, but he didn’t have anymore details about the plan yet.
“Once these two are done, we’re going to build two more at St. Charles [Road] and 49th [Avenue],” he said. “And we have a vision to do more.”
The two homes are part of Engelwood Estates, one of three residential developments the village has been building since 2012. The developments, which include Englewood Estates, Bellwood Estates and Randolph Estates, are part of the government’s effort to provide current and prospective residents with larger housing options.
All homes in the Bellwood Estates have already been built and sold, as have all 12 houses in Randolph Estates, village officials said.
According to Crain’s Chicago Business, all of this construction helped raise Bellwood median home prices. During the first quarter of 2018, the median home price in the village was $163,000 — up roughly 33 percent, from $123,000 in 2017.
At Englewood Estates, three of the planned five homes have been built and sold. The remaining two took longer due to the fact that they are located on Bellwood side of the Bellwood/Hillside border and Bellwood officials wanted to make sure that there were no issues with their neighbors before construction starts. The village board approved the construction contracts during its April 18 meeting.
During the Sept. 19 meeting, Trustee Jophelia Boston reported that both houses are “50 percent complete,” and there was already an offer for the one located at 517 Englewood Avenue. VFP
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