|Each day scan local construction permits sent to me by Chicago Cityscape. If something looks interesting, is nearby or I have some sort of information to add I'll post about it. Today I swung by a new Andersonville development site on the way to showings in Lakeview. All gloomy weather photos Eric Rojas, Broker, Kale Realty.|
A fairly large residential apartment development is coming to North Clark Street Andersonville. 4906 to 4918 North Clark (view palns here)
was issued their main construction permit
yesterday at an estimated cost of $5.5M. The four-story building will feature 54 residential units, ground floor retail and 29 parking spots will take the place of Africa Auto Repair business.
Another auto repair shop sits adjacent to the north. The location further consolidates the popular Andersonville neighborhood business and residential re-development south to West Lawrence.
|A Macon Construction crew was already on site making preparations for demolition work. I chatted with a crew chief for a few moments.|
|The property occupies the northwest corner of West Ainslie Street and Clark Street and stretches a few lots north.|
I did not find any sales numbers for the property through public data. However the property had some utility liens and a lis pending foreclosure recorded in 2017 prior to the property changing hands. An "Agreement" was recorded in May of this year but no amount given.
|A pair of small vintage multi-unit buildings sit across the street. 4913 North Clark (on the left) sitting on a 37' wide lot sold last in 2013 for $525,000.|
|More buildings across the street. Popular local hangout SoFo Tap is at the corner.|
Over the last twelve months from 4800 North Clark Street to 5200 North Clark Street, 13 attached properties properties (condo, town house) have sold with a median price about $380,000.
This four block stretch is slowly adding residential units and replacing old commercial and vacant lots. This is a great place to add density. Most needs and wants are within walking distance and a quick bus ride gets you everything else. Easy to the lakefront too.
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