Thursday, February 27, 2020

New construction officially begins on Boomer's site, Lincoln Square

The Boomer's property that sat vacant for a very long time along a growing strip of North Lincoln Avenue in Lincoln Square (all photos Eric Rojas, Broker, Kale Realty) 

Construction boom? The Boomer's property in Lincoln Square was demolished a couple months ago.  New construction permits have officially been issued this week for construction. Public info Chicago building permit #100851302 tells us a new six unit condo building with four garage spots and two outdoor parking spots will be built (one of the buildings to be completed on the lot). Boring! LOL
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The Boomer's site is a little more high profile due to it's location and long vacant status. There is a lot of new construction activity in terms of mixed use, small multi-unit and single family homes around the neighborhood.

Over the past 24 months along the blocks of 4800 North Lincoln to 5200 North Lincoln 31 condos have been recorded as sold on our local MLS. The median price of a closed condo is about $530,000 with the top seller closing out at $603,000. 

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