A new Ravenswood TOD... Who Ravenswouldn't?

A new, modern development is proposed for this site adjacent to the existing building shown. The hits keep coming in the Ravenswood, Lincoln Square, Uptown area (all photos Eric Rojas, Broker, Kale Realty)

Curbed pointed out a cool new Transit Oriented Develop proposal in Ravenswood last month.  I stopped over to check out the site recently after my routine morning trip to the nearby Mariano's.  4540 to 4542 North Ravenswood would be home to new, modern 9 unit mixed use built on a vacant double lot.  A parking lot to the north will remain.  So will the "L" tracks behind lolz.

The cobblestone block is mostly home to one story commercial buildings (looking south).

The existing two story building just south of the proposed development.

Businesses of North Ravenswood

A large parking lot to the north of the proposed development.

Mariano's and LA Fitness on West Lawrence in the near distance.

Metra embankment and tracks across the street to the east.

The site is near the corner of Wilson and Ravenswood. There are plenty of restaurants, bars, services and businesses to walk to... not to mention the Montrose CTA Brown Line and Ravenswood Metra station.  Streetsblog Chicago writes a ton on TOD projects.

Residential Sales
There are a handful of condo buildings and town home developments within a few blocks of this new proposal.  Attached unit median sales price is around $400,000.  The most recent and immediate sales have been existing re-sale units. A brick two-flat in nice condition at 5070 N Ravenswood recently sold for $670,000 on an oversized 30'x175' lot.

There are relatively few residential units along North Ravenswood itself from West Irving Park Road to West Lawrence. Density of condo units, single family homes and mulit-units picks up north of Lawrence (4800 North).