Thursday, October 04, 2007
High end Ravenswood Chicago
Pictured here is a new construction development at the corner of Damen and Lawrence in Ravenswood. Three bedroom, two bathroom condos with garage parking start at $475K on the first residential level. You are three blocks from the Lincoln Square commercial and restaurant strip and very close to Andersonville (which I walk to from here all the time).
$475K to me is a little agressive... but the secret is out on this area of "middle" Ravenswood and they'll get this price. Transportation, restaurants, shops, parks etc... New construction product is in demand here, which was formely non existent.
Pictured below is a three flat project that is near completion. It will feature a duplex-down, a simplex middle floor, and a duplex-up. This type of building along Damen avenue has been successful, with all previous construction selling out quickly. New construction duplex-down units of 2400 sq/ft sell for $550K, middle floors at $450K and the top floor units have caught over $600K previously.