Demolition permits have been issued for a three-story frame residence located at 3243 N Lakewood Avenue near the center of Lake View. The owner has been filed under 3243 N Lakewood LLC. Plans for the replacement have not been announced, although the property is currently zoned for RT-3.5 Residential Two-Flat, Townhouse, and Multi-Unit District. This designation allows for two-flats, townhouses, low-density apartment buildings, and single family homes. RT-3.5 also permits a floor area ratio of 1.05, whereby any new building may have five percent more square footage than the area of the lot itself.
Closest bus service can be found for Route 77 via a two-minute walk south to Belmont & Lakewood. Other bus lines in the area include Routes 9 and X9 to the west, Route 152 to the north, and Routes 8, 22, 151, and 152 to the west. Those looking to board CTA L trains can find Brown Line service at Southport station, located a six-minute walk northwest. Meanwhile, the Brown, Red, and Purple Lines are all available at Belmont station, an 11-minute walk southeast.
Any future development will have near-immediate access to Margaret Donahue Park, located just one block northwest. To the west and east are the N Lincoln Avenue and N Clark Street corridors, respectively, which both offer a wide assortment of retail and dining.
Taylor Excavating & Construction is serving as the wrecking contractor for the existing multi-unit residence. No other permits have been issued or filed, and a completion timeline for any replacing structure is not yet known.
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