Tuesday, April 03, 2018

Property sold for $1,136,000 next to CTA Damen Brown Line in Lincoln Square, now 24 unit development

4646 and 4650 North Damen were sold in two separate transactions closing in 2017.  The total cost of the properties was $1,136,000 according to MREDLLC.com and Cook County Recorder of Deeds records. All photos Eric Rojas, Broker Kale Realty
Two adjacent properties directly north of the Damen Brown Line stop sold for a combined $1,136,000 in 2017.  4646 N Damen (40'x125' lot) next to the tracks was a frame house under contract for quite some time by a local developer. According to the MLS the contract was entered into back in 2015 and it closed for $436,000 in early 2017.  The next property over next at 4650 N Damen closed at the end of 2017 for $700,000 according to public records (this was not openly listed on MLS). Sounds like a nice hold-out for $700K!

Mixed use residential buildings will now run from the Damen stop to Leland on both the east and west side of Damen Avenue. City living at it's best... shops and apartments on the way to the train!
A 24 unit new construction rental building with eight parking spots has been approved for the site. The project next to the "L" of course qualifies as a transit-orientated development (TOD).

Check out the rendering HERE

Patty Wetli has more coverage of the development here.

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