Friday, September 29, 2017

Development on beautiful (landmarked) West Deming Place in Lincoln Park

A buyer's private restoration (not a tear down!) is in progress at 538 W Deming Place.  DNAInfo has a nice story concerning the property and the developer performing the work.  The property resides in the Arlington-Deming Landmark District. (All photos Eric Rojas, Broker, Kale Realty)

I had several showings over this past week in East Lincoln Park that allowed me to check out some of my favorite blocks. The 500 block of West Deming Place in particular has some cool properties, ongoing developments and an interesting large vacant lot.  538 West Deming Place shown above was purchased in May of last year for $2,000,000.  The buyer of the vintage home with 190ft deep lot is restoring the home to a more period look. 

This original vintage building at 522 West Deming Place sits on a oversized 42'x190'.  The property was sold for $1,850,351 in 2015. Fences are up, windows boarded and a renovation/ alteration permit was issued late in 2016.
A rare sighting in the dense Park West neighborhood of Lincoln Park! A huge vacant lot spanning about four city lots wide sits between existing vintage properties.

There is no shortage of grand vintage properties to gawk at on the block.

The only sales on the block in the last 12 months have been six condo from the same 27 unit building located at 548 to 562 West Deming. The small condo units sold from $195,000 to $305,000.  You can rent for $1,300, buy for $195,000 or sell for multi millions on the same gorgeous East Lincoln Park block.

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