|5131 N Western Avenue in Lincoln Square. The former produce market property has been in flux for many years. Most recently a small retail building was under renovation and ultimately had to be torn down. (All photos Eric Rojas, Broker, Kale Realty).|
Median price of a single family home within four blocks radius of this property is about $680,000. Median condo price is about $260,000 and median rent price for an attached unit is roughly $1,400 per month. Sales and rent numbers approximates from MREDLLC.com data.
|Corner of North Western and West Winona (Winona is one way west feeding onto North Western Avenue).|
It remains to be seen if the property will close and what it will become. However thoughtful mixed use or strictly residential would be a big improvement. There are very few residential vacancies in this location. Home, condo and apartment units are at relatively low inventory.