List Price: $1,725,000. $463 PSF.
Price Includes 10 kW solar array and garage as designed.
REDFIn 2019 Est. Value w/o energy savings: $1,621,771. $434 PSF.
Campus zone Land VAlue sold sale comps = $150 PSF.
Average as-is/wear-is campus zone sold-sale comp: $434 PSF
A Passivhaus Institut Certified Building delivers pristine indoor air quality with energy expense that APPROACHES $0.00 per year on the one hand, AND, sustainability and resiliency on the other. In Chicago, this eliminates > 80% of the co2 emissions that would otherwise result helping solve Chicago’s #1 health issue - Poor Air Quality.
Ellis Passivhaus uses electricity to supply 100% of its total energy needs. With its planned rooftop solar array, Ellis Passivhaus saves the household over $9000 per year in annual energy expense, all else equal, which includes 10,000 miles of driving. The present value of these energy savings alone exceeds $300,000 and $80 PSF.
Energy prices have increased by 3% per year on average over the past 50 years and Chicagoan's pay 14% more for electricity than the national average. A carbon tax, which is gaining traction on both sides of the political spectrum, seems almost inevitable enhancing the core value proposition provided by Ellis Passivhaus.
Click Below for pdf.
Household Energy Expense & C02 Comparison Side by Side
Present Value of Energy Savings
Chicago + US Cities - kWh & Therm Price Table
Note to Alderman on Passivhaus - seven key points .2.21.2019
Comparative Sold Sale - Local "Comps" Report
Current Home On The Market in Hyde Park & Kenwood