Wednesday, April 22, 2020

Lincoln Park vintage buildings on the 800 block of West Altgeld sell for $3,700,000, survive demolition

838-846 West Altgeld yesterday. These interesting vintage apartment buildings were purchased in 2018 for $3,700,000 and are in the process of gut renovation. 
Early this year we noticed work on these Lincoln Park vintage rental buildings at 838-846 West Altgeld.  Great clients of ours lived here about 12 years ago! The two building property sold in 2018 for $3,700,000 (according to public records, not on the MLS).  The facades are preserved. Interior renovation permits were issued to rehab and add duplex-down to the basement for a couple units. We're not clear if they will be converted to condos or remain rental apartments.

The cul du sac block is just west of North Halsted Street. This makes it a somewhat peaceful location right off a multitude of restaurant, bars, shopping and everyday services Lincoln Park delivers in spades.

The median price of a sold condo on the block is over $650,000 over the past two years.  A small three unit building needing rehab on a 59' x 83' sold for $745,000. Three condos are currently under contract on the block and three are actively for sale.

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