Thursday, October 18, 2007

New Development in Ravenswood Chicago

I’ve been following this strip of shuttered up businesses and apartments for awhile now. It was probably the last real eyesore on North Damen Avenue between Lawrence and Foster. I even had a good reader of this here blog doubt that it would be developed! Guess he had not visited the area in awhile. This was a long time coming considering the high end construction and homes already in the neighborhood for years.

As demolition is taking place, word on the street is these will be two bedroom, two bathroom condos with garage parking. Maybe about 14 units. Seven other multi-units developments on either side of this lot have been completed over the last three years. One just completed to the south is offering two bedroom plus den condos with garage parking starting at $450K.

I would imagine these units will start just over $400K if 1400 sq/ft and would top out at $450K if featuring roof top decks of some sort.

These are off-market but I may be able to arrange some information and a pre-construction deal with the developer.

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