Under Contract! Lincoln Park condo with fantastic deck

 

2155 North Seminary Unit B, Chicago IL 60614 features a huge private deck right off the kitchen. All photos Eric Rojas, Broker, Kale Realty.

We recently listed a vintage Lincoln Park condo for sale and received multiple offers after the first open house. 2155 North Seminary Unit B (asking $369,900) is located in a gorgeous vintage building at North Seminary and West Webster. The spacious two bedroom home feature high ceilings, classic bay seating area, in-unit washer / dryer, central AC and fantastic deck! Kitchen and bath both recently renovated.  

Check out more photos of the unit HERE

2153-2155 North Seminary exterior.

The purchase contract is through attorney review and we await closing laser this month.  A whopping 622 Lincoln Park two (2) bedrooms condos have sold so far this year.  The median price of a closed two bedrooms condo is about $454,000 in Lincoln Park.

Lincoln Square former convent may be converted to apartments

 

4927 North Claremont is a former convent on the St Matthias Parish campus. The building was most recently used for early education programs, Scout meetings and various school and church activities. All photos Eric Rojas, Broker, Kale Realty

A plan has been submitted to convert a former Lincoln Square convent to 12 or more apartments.  The 4927 N Claremont building is for sale by the Chicago Archdiocese. The current purchase contract is contingent on the buyer/ developer receiving zoning change to preserve the building and convert apartments. The purchaser stated in the community meeting if they do not receive the zoning change they will not purchase the building. Currently the parcel (and block) is zoned for residential single family or two-flat development. The structure may also be bought and used for a religious organization. 

 You can view the Notice of Intent and the recorded community meeting on the project at the links. The public community review has been completed and the 40th Ward Alderman office is in general support of the proposal. The project will not alter the footprint of the building and will provide for the required number of affordable units (at least two). Next step for the zoning change applicant would be committee approval in the city council and then full council adoption read into the record. 

The Chicago Dioceses just sold a parking lot on the same block that is now being developed into family homes "as of right" per the current zoning.

Looking north down Claremont

The convent building is adjacent to the St. Matthias church building (also closed).

The property is not listed for sale on the Chicago Diocese website while other properties for sale are listed with asking prices. Often organizations will hire a Brokerage to market the property "more privately" to local or large investor/ developers. I can make an educated guess on the asking price range of the property... but I'm not going to do that here 😀

We have helped our clients make zoning application decisions based on the market value of their property and the overall marketing plan. Please reach out to us if you have questions concerning the value of your property or if you wish to purchase or sell property in the Chicago area. 

Four new Lincoln Square homes coming to former church parking lot

Four new single family homes will be built on the 4900 Block of North Claremont in Chicago.  The block is also home to the St Matthias School building (open), the convent building (closed and for sale) and St Matthias church building (closed with minimal use currently). All photos Eric Rojas, Broker, Kale Realty

Four luxury homes are being built in Lincoln Square on a former church parking lot. St. Matthias Parish was closed permanently by the Arch Diocese of Chicago. Consequently the church parking lot at 4939 North Claremont and former convent building at 4927 N Claremont were put up for sale. I'll have a following post on that convent. 

Developer and builder Barrett Homes purchased the parcel. There is no closing sale price listed at the Cook County Clerk's office for the parking lot... but I'm guessing the parcel sold for over the $2,000,000.  There is an initial mortgage on the property for over $1.5M by owner / developer and construction permits estimating $780,000 in construction cost s for one house. I expect each single family home to list well over $1.5M when completed.

Four homes will built on the 4900 Block of North that also is home 

The four house development *may* be the largest contiguous single family home construction in the Lincoln Square Community Area since the 2007 (five new homes were built side by side on the 5000 Block of North Ravenswood). It is difficult in any popular Chicago neighborhood to acquire large parcels zoned for residential single family. We typically see one or two homes built at any time.

120 Lincoln Square single family homes have sold so far in 2021 with a median price of $850,000.  The highest priced sold home is 2130 West Agatite for $2,625,000.  Stats gathered from MREDLLC.com.

Contact us to purchase or sell property in Lincoln Square. Eric Rojas, Broker Kale Realty, erojas@kalerealty.com

Golfing for Amundsen High School Athletic Scholarships (Donate here!)

 

I'm proud to be a Social Sponsor for the Amundsen Homecoming Golf Classic! The event is SOLD OUT! You may still donate to support Amundsen Athletics scholarships by donating HERE  

Scroll down to buy raffle tickets HERE

Amundsen High School offers top notch academic and athletic opportunities. My kids are happiest when they can spend their time training and competing with their schoolmates. We need resources to provide all students the opportunity to stay active.  

Thank you to my neighbors who have stepped up to golf for Amundsen! Special thanks to North Michigan Avenue Chiropractic for playing on my team!

North Michigan Avenue Chiropractic

Social Sponsor