Monday, February 17, 2014

New Development: Special Use permit posted for large Lakeview loft conversion at 3141 N Sheffield

3141 N Sheffield soon to be loft apartments (Photo Bob DePalma, Broker with Kale Realty)

We were showing units this weekend in central Lakeview and caught this more recent Public Notice posted on the large warehouse building at 3141 N Sheffield Curbed Chicago reported on the sale of the building in May of 2013 for $5.8 million. The original plan called for 80 loft apartments.  A nice population jolt for this immediate area at Belmont and Sheffield that looks poised for a lot of development in the next 5 years.

And the sign says: "Applicant seeks a Special Use to establish (11) off-site parking spaces within existing 7-story building for a proposed conversion of the 5-story mixed use building located at 3141 N Sheffield"

A large new loft conversion featuring rental apartments priced $800.00 to $2,000 a month speaks to the continued demand for new, well finished units near transit in Chicago's hottest North Side neighborhoods.

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