Friday, April 03, 2015

New construction in full swing on North Oakley, Lincoln Square

The foundation is poured at 4930 N Oakley. (Photo Eric Rojas, Broker, Kale Realty)
A large, luxury new construction house in underway on the 4900 block of North Oakley in Lincoln Square. The original small frame multi-unit at 4930 N Oakley, Chicago IL 60625 was sold last summer in a multiple offer for $465,000.  The home was purchased by a development LLC but it's not clear if it's a custom house or will be listed for sale (speculation house).  New construction houses in the area average about $1.2 million.

The former "red X" house that sat abandoned for many, many years on the 4800 block of North Oakley was torn down last year. There has not been construction activity as of yet but this curious rendering of what looks like a town house / row house development is laying in in the parkway as of a couple weeks back.
Hmmm.... Dumpsters and marketing signs.

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