The Chicago City Council has approved the rezoning of 2820 N Elston Avenue in Avondale. The site is located at the intersection of W Diversey Avenue, N Elston Avenue, and N Western Avenue. The existing property is a one-story masonry building. The developer for this build is Reinventive Real Estate, and the proposal states that the future build will replace the current building.
Jonathan Splitt Architects designed the new project which will rise five stories. This mixed-use development will comprise of retail space on the ground floor which will span 4,100 square feet and remaining floors will house 40 residential units. There will be a mix of one-bedroom, one-bedroom plus a den, two-bedrooms, and three-bedroom apartments.
The building will have a roof deck, 27 indoor parking spots, a parking pad for 13 vehicles, as well as bicycle parking. The developers have agreed to a 25 percent affordable housing rate on site as part of the rezoning process. This means that a total of 10 units will be offered at affordable rates. Four of the units will be offered at or below 50 percent AMI, another four will be offered at or below 60 percent AMI, and the remaining two units will be offered at or below 100 percent AMI.
With City Council approval, the site zoning has officially been converted from C1-2 to C1-3. Once demolition of the existing structure is completed construction is expected to begin. Reinventive has indicated that they are planning for a summer 2022 commencement. No permits have yet been filed.