Eric Rojas, Chicago Real Estate Broker

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Thursday, December 18, 2014

New construction condos make big street impact on North Damen in Ravenswood

Newly completed condo buildings on the 4800 block of North Damen complete a contiguous street wall. Photo Eric Rojas, Broker, Kale Realty
Although I pass this stretch of Damen several times a week I finally stopped and really took a good look at the street impact of the nearly completed new construction.  The 4800 block of North Damen was once home to sprawling dilapidated one story strip retail and then 6 vacant over-sized City lots.  A series of larger condo construction started along the block around the early 2000s including the CVS/ condo building at Lawrence and Damen completed in 2005

4835-4845 N Damen condos shown above are the most recent large development completed on the block. The condos filled in a major vacant eye sore in what's been a booming location for property values and construction.

The six lots sat vacant for roughly 7 years in the otherwise established neighborhood.

Directly across the street two new construction three unit condo buildings (4834 - 4836 North Damen) have also been built.  The first sold out pre-construction.  Unit 2 (three bedrooms, two baths) at 4836 North Damen, Chicago IL 60625 is listed for sale at $499,900 on the MLS.  The identical Unit 2 at 4834 North Damen Chicago IL 606025 was sold in July at $500,763.

4834 - 4836 N Damen development (photo Eric Rojas, Broker, Kale Realty).

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