Tuesday, April 24, 2018

Vintage Lincoln Park multi-unit sold for $2,325,000, torn down for new five unit building

2252 N Orchard Chicago IL 60614 in Lincoln Park (all photos Eric Rojas, Broker, Kale Realty)
A little while back we noticed 2252 N Orchard in Lincoln Park had been sold and got the demolition permit treatment (check out chicagocityscape.com for all sorts of property information in once place).  There are tons of "tear downs" in popular North Side neighborhoods and we point some out from time to time. This good looking vintage multi-unit (6 units) above is what you could consider "affordable" housing for the neighborhood (back in 2010 a one bedroom unit in the building ran $1,000 a month). Those days are gone.

The property lot measured 46'x125' according to the MLS listing and sold for $2,325,000 near the end of 2017. A building permit was issued for a new construction five unit condo building.

The tony 2200 block of North Orchard is no stranger to higher-end real estate sales.  A modest three bedroom townhouse sold recently for $1,090,000 while the last two single family homes sold for $3,095,000 and $3,465,000 respectively.

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