Monday, August 11, 2008

More secret real estate in Ravenswood. This multi-unit courtyard building is located on the 5100 block of North Winchester. It looks like a condo conversion project that has slowed or stopped. It might very well be improvements to the building for higher rents. This I doubt. It looked like a gut rehab job.

Condo conversions, new construction and single family homes have been very successful on this block and in the surrounding area. But, you never know what could go wrong... not all developers are alike. This building project, however, could start right up again and turn out very successful. I need to do some further research.

The north side of the courtyard building looks to be rented and occupied.

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