Eric Rojas, Chicago Real Estate Broker

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Friday, November 15, 2013

Lincoln Park 2550: The nearly $5 million flip, the chapel and the single family homes

We took some photos of Lincoln Park 2550 (used to be 2520) a couple weekends back.  We were reminded of the high profile Pritzker "flip" that grossed about $350,000 this year as reported by Curbed Chicago.

Looking north at Lincoln Park 2550's towers (Photo Bob DePalma Kale Realty).

The classic entrance for the tower at 2550 N Lakeview Ave. spills out onto the North Pond Nature Sanctuary and just steps from North Pond Restaurant in the park.

Mother Frances Xavier Cabrini shrine has been reopened in the midst of this luxury high rise and row homes.  It's really one of the more interesting preservation situations in the city.  The chapel is actually more exposed and easier to take in.

Cabrini Shrine (Photo Bob DePalma)

Phase II for single family home development at Lincoln Park 2550.  Lot sizes are for sale now.


 
Sales at Lincoln Park 2550

There are 26 sold condo units recorded in the MLS for the last 12 months. The median price of a sold unit is $2,250,000.  The lowest sale is a two bedrooms, two and one-half baths unit at about 1500 square feet for $829,866.  The highest MLS recorded sale in the past 12 months is Penthouse Unit P7-15 for $5,144,850



 

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