A new transit-oriented development could soon be coming to Lincoln Avenue in Lincoln Park.
Deverlop BlitzLake Partners presented a proposal for 31 rental units above retail spaces that would replace two corner buildings at 2448 and 2463 N. Lincoln Avenue.
The development, just up the street from the redevelopment site of the old Children's Memorial Hospital, could further enliven the street in the area.
Read more at Crain's Chicago here.
A shortage of inventory across the country will continue to make the buying process difficult, especially for first-time buyers this spring and summer.
Chicago has seen dramatic decreases in its inventory of houses for sales, particularly in the middle and bottom tiers. Year-over-year, Chicago's bottom tier inventory has declined by just over 15 percent while it's middle tier has seen a decline of 16.7 percent.
Some markets across the country have seen even more dramatic declines. Dallas, for example, saw their bottom tier inventory decline by almost a third.
As inventory tightens, first-time buyers will find themselves competing even more heavily than last year.
Read more at Chicago Agent Magazine here.
A busy corner in Lincoln Park could soon see a new 10-story mixed use building.
Ald. Brian Hopkins and the Sheffield Neighborhood Association hosted a meeting earlier this week for the building, which, if built, would be 105 feet tall and have 85 rental units.
The ground floor of the masonry, glass and concrete building would feature nearly 10,000 square feet of retail space. It would have 85 parking spaces and 85 bicycle spaces as well.
Read more on the project at Curbed Chicago here.
The numbers are in and once again the Near North Side is the champion with the most home sales in the month of April.
The popular neighborhood had a total of 261 sales. It was followed by the West Loop with 212 and the South Loop with 130.
Single family homes were, as usual, a different story. The Northwest Side dominated in that segment. Leading the pack was Norwood Park with 41 sales, followed by Portage Park with 37 and Dunning with 35.
For the full chart, head over to Chicago Agent Magazine here.