Monday, August 28, 2017

Crazy! Yak-Zies greystone building hangs on amongst Lincoln Park development

Whoa! You can barely see the Yak-Zies sign and building now mushed between a new development on West Diversey Parkway and a vintage mid-rise in Lincoln Park. The hustle bustle blocks near the lake brace for new residential units (All photos Eric Rojas, Broker, Kale Realty)
We noticed construction at 508 W Diversey has reached 3 or 4 stories. As a server/ bartender in college (NEIU) I often visited the Yak-Zies on Diversey next door.  Fun Fact: Yak-Zies was the last stop of my bachelor party night. Today (and in the state I was that night), I might have trouble finding the building smashed behind a new 12 story apartment development at 508 West Diversey to the west and the historic Brewster Apartments to the east.

Vacant lot next to the Yak-Zies building a couple years ago.
A closer look at 506 West Diversey Parkway building a couple years ago.
The median price of a condo within a two block radius of Yak-Zies and the new apartment development is $269,000. This price reflects a lot of small, vintage units available in the many existing original buildings and 1960s-1970s mid-rises. Condos can get very expensive in this area. 2715 N Pine Grove Ave Unit 3, Chicago, Illinois 60614 sold recently for $1,125,000. The 1997 built duplex-penthouse condo was listed at over 3,400 sq/ft yet did not have new finish level.

 More from Lincoln Park here

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