Eric Rojas, Chicago Real Estate Broker

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Monday, November 25, 2013

Photos! Old CPS school gets a "Mulligan" in Lincoln Park as new rental apartments

Exterior work is ongoing at the old Mulligan School 1855 N Sheffield, Lincoln Park (Photo Robert DePalma Real Estate Broker, Kale Realty)
We were in the Lincoln Park neighborhood this weekend showing properties around Sheffield and Armitage. We stopped to check out progress on a very interesting apartment conversion.  Crain's reported in September on the $4 million dollar sale of the closed down Mulligan Elementary.  The building has sat vacant for since 2001 but will now be converted to rental apartments.

It's a really cool project.  Personally, I don't think I've been in or seen another converted Chicago Public School building.  It does remind me a little of the Trevi Square in South Loop.  The former hospital building is of similar vintage and has some unique loft units.

Photo of Trevi Square lofts www.YoChicago.com

The Crain's story cites the development will be 24 units and that the surrounding neighborhood associations have been supportive.  The building is located in Mayer Elementary School district.

Photos of 1855 N Sheffield, Bob DePalma Real Estate Broker, Kale Realty
We have no doubt newly converted apartment units at this Lincoln Park location will have a high demand and bring in a premium for rent.  Bring  your checkbook and open up your wallet... it won't be cheap!  The median monthly rent for a MLS listed two bedrooms, two baths rental unit is about $2,500 a month in Lincoln Park. Stats gathered from MREDLLC.com

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