Monday, May 11, 2020

East Lincoln Park grey-stone sells for $2,200,000, will be demolished


438 West St. James Place is scheduled for demolition (All photos Eric Rojas, Broker, Kale Realty)
Another East Lincoln Park vintage grey-stone will be torn down. 438 West St. James Place was purchased in 2019 for $2,200,000. A demolition permit was issued at the end of last month and I noticed the fences up yesterday. I do not see any building permits yet for the address. The 33'x146' lot size with RM-6 would allow for a large new construction home. I could also see a high-end four-flat developed here.

The home is adjacent to a large multi-unit to the west and the Mansueto mansion garage entrance to the east. 
The vintage grey-stone was fully renovated circa 2000. The desirable lot sits between the vintage multi-unit building to the west and the newer build Mansueto mansion to the east. Here's a post I did about that house and the area in 2015. The house was sold to Dio Realty LLC... I'm a bit surprised Mansueto did not buy the property (assuming Dio Realty is not associated but I could be wrong).

The Mansueto mansion takes up half the block.

The modern colossal sit among mostly vintage homes on St James Place.
400 block of West St. James Place neighbors

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