New construction has slowed dramatically in Chicago over the past 4 years, but it hasn’t stopped completely.
One area that remains reasonably active is the in-fill 3- to 6-flat condo. Developers have been capitalizing on reduced land prices to offer new units at prices that are very competitive with resales.
As you can see from the listing photos, the units at 1520 W Diversey Pkwy in Lake View are nearing completion. They’re slated for 30- to 60-day delivery.
A first-floor duplex-down 3-bedroom, 2 ½ bath is priced at $629,999. The 2-bedroom, 2-bath second and third floors are priced at $429,999 and $529,999, respectively. The third floor includes a private roof deck.
Koenig & Strey’s Roger Joseph has the listings, which just came on the market.
There are a number of similar units for sale along Diversey, making a trip in that direction productive for anyone looking in this general price range and location.