It is surprising that this conversion condo project has not moved along. The market is strong for this kind of project in Ravenswood. Recently on the same block,
a three bedrooms, three bathrooms duplex down in a converted three flat building re-sold quickly for $459,000. It was pretty big…but the layout was not that great. However, it was only a three year old condo conversion and had two car parking, great deck and a nice little fenced yard.
Earlier this year, two other conversion duplex downs on the street sold for
$500,000 and $545,000. The latter selling in less than 20 days.
This may be a developer running out of money... or maybe a violation haulted the renovation. There are no signs indicating any official action. Another curious project I'd like to ask about from Alderman Schulter's office.