average listing price?

I have to give you an uncomfortable answer first: in Chicago, the average listing price for a three bedroom, two bath is not a useful number. It is one of the most neighborhood-dependent housing markets in the country. That exact configuration can carry a five-fold difference in price depending on which community area it sits in, and a citywide average would put you somewhere in the middle, which is nowhere near either answer. If you use an average as your list price you will either leave a great deal of money on the table or sit unsold for months. Here is what to use instead, and it is not complicated. Find the last three to six sold properties within roughly half a mile of you, in the same housing type, that closed in the last six months. Same housing type matters enormously in Chicago. A bungalow, a greystone two flat, a 1920s courtyard condo and new construction are four different markets even on the same block. Then adjust from those sales, not from an average. Get two or three comparative market analyses from agents who actually work your specific neighborhood. Not agents who work Chicago. Chicago agents specialize by community area for good reason. Ask each one to show you the sold comps they used and how they adjusted, and ask what they think the house will actually appraise at, which is a slightly different and more honest question than what they think it will list at. Look up your own property on the Cook County Assessor site. It is free and public, and it will show you recorded characteristics, square footage and assessed value. Check that the recorded square footage and bed and bath count are correct, because assessor records are wrong more often than people expect, and an error there propagates into every automated estimate of your home's value. Now, about the two features you named, because they tell me something. A butler's pantry and a separate office in a three bedroom two bath reads like pre-war Chicago housing stock, which is good news for you. Original detail, meaning millwork, built-ins, hardwood, a genuine butler's pantry, leaded glass, is a premium in that market rather than something to renovate away. Buyers in Chicago's older neighborhoods pay for character. Before you consider modernizing anything, get an opinion on whether the original features are the asset. The separate office is worth more now than it was when this question was posted in April 2022, and considerably more than in 2019. A true fourth room that closes with a door is a distinct search criterion for a lot of buyers. Make sure it is photographed and described as an office, and if it has a closet and a window, ask your agent whether it should be marketed as a bedroom instead. That single decision can move which search results you appear in. Two things to be careful about with the price per square foot shortcut. Everyone uses it, and it works reasonably well within one housing type on one block. It falls apart the moment you compare across housing types, or when finished basement square footage is counted inconsistently, which in Chicago it constantly is. Ask any agent quoting you a per foot figure whether their comps counted below-grade space the same way yours does. One note since this thread is from 2022. Chicago pricing, taxes and insurance have all moved since then, and Cook County reassessment cycles can change a property's tax bill sharply between then and now. Get current numbers and check your current tax bill rather than working from an older estimate. I am Zoltan Peresztegi and I work Palos Verdes and the South Bay in Los Angeles, so I am not your Chicago agent. But if you tell a local agent your community area and your housing type, they can give you a real number in an afternoon, and that number will be worth far more than any average. Zoltan

More information is required to be able to answer this question. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

It really depends on the area, square footage and updates on the home.

I would need to know what area of the city/neighborhood the property is located. Message me if you still need assistance.

Along with the other comments, best to reach out to a local agent that knows your neighborhood and area well. Listing prices vary greatly based on locale.

It really depends on the area, square footage and updates on the home.

You can go to realtor.com and run listing price average in your city. Or call a local agent and they can help you.