Why Live in Posen
Posen, a residential neighborhood intersected by Interstate 57 and Interstate 294, is known for its peaceful atmosphere and reasonable cost of living. The area is characterized by well-maintained streets and greenspaces, with both newly planted and mature trees lining the sidewalks. Housing options include ranch-style homes, Cape Cods, Four squares, and Chicago-style bungalows, typically ranging from 1,000 to 2,000 square feet. Most homes feature street parking and gated or fenced-in backyards. Commuters benefit from the proximity to Interstate 57 and Interstate 94, making it a 20-mile drive to Chicago, while Metrarail and Pace bus stops provide additional transit options.
Posen's social scene includes intimate bars like D & D’s Tap and Hero’s Sports Bar & Grill, and casual dining spots such as San Marcos Mexican Restaurant and Tacos El Chiquito. Posen Grill is a long-standing local favorite. For shopping, residents frequent Posen Market Plaza and Dixmoor Market. Recreational activities are centered around Howie Minas Field, Memorial Park, and Zuziak Park, with the Posen Community Center offering an open gym and various programs for all ages.
While Posen schools have average ratings, they emphasize cultural celebrations and parental involvement. The neighborhood is experiencing growth with new construction and the arrival of chain restaurants and local shops, indicating a promising future.
Frequently Asked Questions
What is the average home price in Posen, IL?
Homes for sale in Posen, IL have an average home price of $205,229.
Are home prices dropping in Posen?
Yes, home prices in Posen are down 3% in the last 12 months.
How many homes have sold over the last 12 months in Posen, IL?
23 homes have sold in Posen, IL over the last 12 months.
What are the most popular zip codes in Posen, IL?
How much do you need to make to afford a house in Posen?
The median home price in Posen is $199,900. If you put a 20% down payment of $40,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,040 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $45K a year to afford the median home price in Posen.
How are the schools in Posen, IL?
Home Trends in Posen, IL
On average, homes in Posen, IL sell after 40 days on the market compared to the national average of 50 days. The median sale price for homes in Posen, IL over the last 12 months is $174,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$174,000
Median Single Family Sale Price
$202,000
Average Price Per Sq Ft
$156
Number of Homes for Sale
9
Last 12 months Home Sales
23
Median List Price
$199,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-8%