Friday, December 21, 2007

Are Ravenswood Condos Catching up to Lincoln Park?

North Damen Avenue new construction in Ravenswood has transformed the housing stock available to buyers. While new construction in this part of town was a trickle in the boom of the 1990s, the last five years produced many more options for those looking for the condo lifestyle (read: No maintenance living).

I've had my eye on the above project. Although not what anyone would call modern done well, the three unit condo building does have appeal. The design maximizes the room sizes and the units offer great outdoor space.

At the moment, only the middle floor three bedroom is listed on the MLS for $519K. I figure they are asking $600K for the duplex and possibly up to $650 for the penthouse with rooftop deck. Recent new construction duplex downs on the street have caught $550K, but this particular development will push the finishes to the Lakeview and Lincoln Park levels... And ask the price for it.

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