Eric Rojas, Chicago Real Estate Broker

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Tuesday, January 26, 2016

Sold for $2 million, quirky Lincoln Park vintage home built in 1867 on double-lot torn down

1108-1100 West Webster Avenue Chicago IL 60614, sold in December for $2 million, is in the process of demolition as of yesterday. The vintage building with addition sits on two lots in the prime DePaul/ Sheffield Neighbors mixed retail and residential strip. No new construction permit is on file yet but a $5.8 million dollar mortgage has been recorded. (All photos Eric Rojas, Broker, Kale Realty).
 
The walk score is probably 115.

There are many, many tear downs around Lincoln Park. Once-in-awhile something catches my eye in the course of our day to day dealings.  This vintage building built around 1867 (with addition later) sits on a double lot at 1108-1110 West Webster in the DePaul / Sheffield Neighbors area of Lincoln Park.  West Webster Avenue is a mixed use retail and residential street that maintains many vintage buildings.  This little guy managed to stand out next to it's larger neighbors.

A rare small building on a large lot. Here's a 2008 photo prior to the demolition.
Mostly vintage buildings surround the recently doomed structure.
Homes adjacent to the west of 1108-1110 West Webster
According to public records a $5.8M mortgage was taken out on the property... expect something nice (and bigger).  Single lot single family re-sale homes on the busy blocks from 1000-1200 West Webster have sold from $850,000 to $1.6 million (in various conditions).  As mentioned above, 1108-1110 a double lot at 49'x 124' sold for $2,000,000 for the land in December 2015.

The location is just off the DePaul University campus, Trebes Park and the Fullerton CTA station. Not to mention dozens of shops, amenities and restaurants like Range, White Oak, Floriole, and Sweet Mandy B's steps away.

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