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