Thursday, November 13, 2008

New Construction Plows Ahead in Ravenswood

There are a few (very few) empty lots around Ravenswood where old residential or retail buildings were cleared out to make way for new construction condos. The two most prominent being on the 4800 block of North Damen and a lot at the northeast corner of Wilson and Ravenswood.

However, this monster new construction center entrance six unit condo building has sprang up with seemingly no delay. It was the former home of a frame three-flat and adjacent empty lot. The design here looks more like something we'd see juest west on North Damen Avenue or in Lakeview on North Ashland Avenue.

It is a rare style here on the North Ravenswood motley crew of industrial buildings, frame single family homes, brick single family homes, two-flats, three-flats, converted single family homes, town houses and lofts... but not really any new construction multi-units can be found on this stretch from Montrose to (basically) Peterson.

If I had to guess, I'd say these will be duplex units on the lower floor with an estimated asking price between $550,000 and $600,000. The second and third floors will probably be three bedroom, two bath homes with an estimated price of $499,000 for the middle floor (maybe more if there will be a rooftop deck over a garage) and $550,000 to $600,000 asking for the top. It's a big lot, so I'd imagine they will have a garage in the rear for six cars.

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