Developer hosting event today for planned 12-unit building in North Center

Surface parking lot at 4037 N Damen Ave in North Center, Chicago

For most of the past year, the one constant message heard from condo developers is that, given the current market, it’s very difficult to get buyers to commit to purchasing a home based on floor plans and blueprints alone. That’s why it came as a surprise to find that Hibernian Builders is doing just that at 4037 N Damen Ave in North Center, where Hibernian is planning to build a 12-unit condo development. Right now, there’s just a surface-level parking lot at that address (shown above).

Elevation rendering of 4037 N Damen Ave in North Center, ChicagoIn the case of 4037 North Damen, buyers don’t have much more to go by than floor plans and the generic elevation rendering at right, but Coldwell Banker agent Patrick Devereux, who is marketing the project, says that isn’t holding buyers back.

Devereux is directing potential buyers to look at another recently-completed development from the same builder at 3534 N Hermitage Ave. In fact, the listings for 4037 North Damen show photos from that development. Buyers have made reservations on four of the 12 condos in the building, Devereux says, and that should be enough to get a loan, but he hopes to get a couple more contracts before ground breaks.

All of the homes have three bedrooms and two baths, and prices range from the $390s to the $540s. According to the listings, it will cost buyers $2,500 to reserve a unit.

This evening, the developer will be hosting a meet-and-greet event at 1936 West Nelson, a single-family home that was built by Hibernian. The event will be held from 4 to 7 p.m., and potential buyers will be able to meet the developer and look at floor plans an brochures, Devereux says.

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