Eric Rojas, Chicago Real Estate Broker

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Thursday, March 03, 2016

Haunting Southport Corridor vintage poised for redevelopment

1418 W Addison is poised for development in Southport Corridor
I stopped for a couple snapshots last month of 1418 West Addison in Southport Corridor/ Wrigleyville. It was still in it's original state. The conspicuous Romanesque looking gray-stone was bought for $1,250,000 in 2014 according to public records.  The property has been permitted for a 10 unit redevelopment with 3 story addition according to city data via ChicagoCitycape.com.

Here are renderings of the project.

Public records show a $3 million plus mortgage on the property.
 The 10 units should be done just in time for a Cubs World Series.

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