Lincoln Park CVS Pharmacy torn down for condos

A hot location in Lincoln Park will trade a CVS for a six unit condo building with retail. Housing demand remains high on the North Side as Chicago continues to build multi-units in replace of one story retail. All photos Eric Rojas, Broker, Kale Realty

The Lincoln Park CVS building at 401 West Armitage, Chicago IL 60614 has been torn down and cleared to make way for condos.  I walked by the site at West Armitage and North Lincoln Avenue in eastern Lincoln Park last week and then read the story by Chicago Yimby. According to the report the new building with feature four stories, six residential condo units and two ground floor retail units. 

Attached condo/ townhouse sales in Lincoln Park

-The median price for a sold two bedrooms condo over the last 12 months is $500,000. 
-Bump up to three beds and the median sold price sky rockets to $835,000. 
-A four beds or more attached unit (condo and townhouse) has a median price of  $1,1750,000.

Feel free to reach out to me to find or sell your North Side property in Lincoln Park, Wicker Park, Bucktown and many other Chicago neighborhoods. Median prices are up year to year... do you know what your property is worth to sell or rent? My team has an expert for you. 

Eric Rojas, Broker, Kale Realty - erojas@kalerealty.com 

Median rent for a two bedrooms apartment in Lincoln Park, Chicago is $3,000/ month

Lincoln Common in Lincoln Park (shown here on Monday of this week) is a sexy rental and retail development on the former Children's Memorial site.  All photos Eric Rojas, Broker, Kale Realty

The median monthly rent for a two beds apartment in Lincoln Park over the last twelve months is $3,000. A three bedrooms apartment has a median rent of $4,200.

I was in Lincoln Park this past week looking at relatively higher-end rentals for a client moving to the city. We passed the Lincoln Common Apartments entrance at 2345 N Lincoln Avenue, Chicago IL 60614. Rents at Lincoln Common Apartments are listed from $2,600 to $12,500 a month on Apartment.com. Affordable apartments are also offered to qualified candidates based on income and other factors.

I've written about the Lincoln Common development several times in the past. It was built on the former Children's Memorial site. The old Children's Hospital and location is near and dear to our hearts... my wife has worked with Children's (and now currently named Lurie Hospital)  for over 22 years. My old office was around the corner.  We loved our time in Lincoln Park.

To buy, sell or rent in Lincoln Park and most Chicago and near suburbs please contact my team at erojas@kalerealty.com  

Visit my business page for recent posts, off market listings and more www.facebook.com/chicagorealestatelocal

Will Lincoln Square's Saint Matthias rectory building finally become apartments?

 

The former Saint Matthias parish rectory building at the corner of North Oakley and West Ainslie is subject to an apartment conversion proposal. Selling the long vacant property for development has proved difficult. All  photos Eric Rojas, Broker, Kale Realty

A Lincoln Square church building at 2310 W Ainslie may become "nine market rate apartments" according to development filings.  Another attempt to re-zone and develop the shuttered Saint Matthias parish building will be heard at an October 3rd, 2024 community zoning meeting. The convent building on  North Claremont around the corner was already converted to apartments by a different developer. The rectory building has proved more difficult to sell and develop. The last legitimate proposal was shot down by the community process (mainly due to losing the open yard space on the corner).

Public notices for a community zoning meeting have been posted on surrounding properties and car windshields.   

Housing in this desirable Lincoln Square location remains in great demand. 

-Over the past 12 months the average rent for a two bedrooms apartment in a four block radius from the development is about $2,300 / month. 
-The median price of a closed single family home in a four block radius of the proposed development is about $1.2M.
-Median price of a sold condo in the same area is $417,500. 

Contact me to buy, sell or rent in the Lincoln Square area. We'll be happy to answer your questions concerning available properties real estate related issues. erojas@kalerealty.com

Golfing for Northeastern Illinois University scholarships!

My clients and long time business partners came out to support NEIU student scholarships once again in late July. My Kale Realty team has sponsored thousands of dollars over the years for my favorite annual event! All photos Eric Rojas, Broker, Kale Realty

I was excited to once again sponsor and serve on the planning committee for the 51st Chuck Kane Scholarship Golf Event with Northeastern Illinois University. The event was hosted at beautiful Bryn Mawr Country Club on July 29th. I had a great group of clients and business associates join me to compete for the 1st Place Golden Eagle Bobblehead (we were not close).

This was our first year at Bryn Mawr Country Club on Chicago's North Side and we could not had a better facility.  The lounge, bar, locker rooms, patio and banquet areas are fantastic.  The course is in terrific condition and the fore caddies that were super fun!

The golfers line up for the start of the 51st Annual Chuck Kane Scholarship Golf event sponsored by Northeastern Illinois University staff, alumni, professors and friends.

We heard from our newly hired university President Katrina Bell-Jordan  in her first official event with NEIU! The student scholarship recipient speakers at the dinner program were phenomenal!

Thank you to all my clients for another successful year. Your business and referrals allow me to give back to my university community. 

Please reach out to me with any real estate related questions concerning buying, selling, legal, renovation, leasing and more! erojas@kalerealty.com

Lincoln Square home sale surpasses $3 million for the first time

A single lot Lincoln Square home sale has surpassed the $3 million mark for the first time. It's possible there is a private sale out there over $3M but I have not been able to find one. $2 million sales are up as well. Houses on West Leland, Lincoln Square shown in the photo above (Eric Rojas, Broker, Kale Realty).

Lincoln Square home sale prices appear to have reached new heights this summer.  A single lot single family home built in 2020 has resold for $3,800,000 according to MREDLLC.com records (my broker multiple listing service).  4431 North Hamilton, Chicago IL 60625 closed in late June this summer smashing the $3 million mark. The newer construction home built on an over-sized 37.5 x 178 resides on one of the more desirable blocks in the neighborhood. 

Six total homes have sold for over $2 million this year from January 1st to September 18th while two more homes priced over $2 million are closing soon. In 2023 four total homes closed over $2 million and is 2022 only two homes closed over $2 million over the same period. Only three homes closed over $2M in charged up 2021 despite historically low interest rates.

Contact Eric Rojas, Broker, Kale Realty to buy, sell and rent real estate on the North Side of Chicago and the near suburbs. erojas@kalerealty.com