Thursday, October 16, 2014

Busy Bucktown intersection features Bloomingdale Trail construction, commercial and residential development

Bloomingdale Trail (606 project) bridge construction along North Milwaukee Avenue 
(All photos Eric Rojas and Bob DePalma, Brokers, Kale Realty)
We were in Bucktown last week looking at some property near the St. Paul and Winnebago intersection of western Bucktown. Although the surrounding location has been long developed this immediate spot along the CTA Blue Line tracks has remained "blighty" looking (to coin a phrase).  The seemingly endless Chicago construction and development churns on.

The CTA Blue line lies between the angled streets North Milwaukee Avenue and North Winnebago Avenue.  Development projects are on each side of the EL tracks.

Future site of town house construction near St. Paul and Winnebago in Bucktown.  The long vacant lot has been a bane to existing home owners for years and years.  The last attempt at developing the lot was back around 2006 prior to the housing bust (I remember advertising signs at the lot circa 2006-2007).

The site of planned Northwestern Memorial Hospital medical building at 1776 N Milwaukee.

Nearby Bucktown Condo Sales

Condo sales (attached units including town houses) in the immediate area have been very active over the past 12 months.  135 units have sold within the boundaries of  North Damen to North Western and West North Avenue to West Armitage.  North Milwaukee Avenue and the Blue Line cut diagonally through this western section of Bucktown.

Sales area map generated on by Eric Rojas, Broker, Kale Realty

The median price for a condo in these boundaries is $387,500.  Prices are affected by a unit's proximity to the El tracks and by location on one of the major arteries like North Western Ave.

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