Monday, September 30, 2024

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 



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