Viewing all posts from the Lake View neighborhood
This is often evident in real estate listing descriptions that say “the value is in the land,” for properties that exceed a million dollars with the implicit understanding that the home will be razed and replaced. This is playing out heavily in North Side neighborhoods like Lake View and Lincoln Park, where blocks of mostly new construction mega-mansions dot the landscape.
Work is finally about to get underway to turn this 1889 residence into 10 apartment units. A three-story addition will be constructed, as well as the installation of a new fence. The house had gone into foreclosure in 2011.
Near the Diversey/Lincoln/Racine intersection.