There’s just a single duplex left at 2038 W. Iowa St., a six-home development in the heart of Ukrainian Village. Igor Dolgikh, of Jameson Realty Group, confirmed the list price at $499,000 for the 2,400-square-foot home.
I lived in Ukrainian Village for most of the last three years, and my intersection at Chicago Avenue and Leavitt Street seemed to be the epicenter of residential development in the neighborhood.
It was a real treat, then, to cruise the neighborhood today and check in on developments (like the one picture above) that, when I lived in the ‘hood, had been little more than fenced lots decorated with brick piles.
Less than a block down from 2038 W. Iowa, I found an interesting delivery from Ralko Development at 2020 W. Iowa St. The project consists of six duplexes starting in the $470s (for a two-bedroom unit) up to almost $600,000 for a three-bedroom, 2,300-square-foot model.
Only one is spoken for; Ralko’s marketing agent tells us that rest of the units are about 45 days from occupancy.
There’s a lot of development going on in Ukrainian Village, both new construction and gut rehabs. Prices like the ones described above are at the high end of the spectrum, but buyers who might have been scratching their heads at the area’s neighborhood appeal should consider this: Last year, Dominick’s opened a new grocery store (with an in-store Starbucks) at Chicago Avenue and Damen Avenue. Say what you will about the deal, but the retailer’s entry is a barometer on the neighborhood that shouldn’t be overlooked.