Three demolition permits have been issued by the City of Chicago for buildings on North Elk Grove Avenue in the Wicker Park neighborhood. The sites are being cleared by developer Volo Holdings so they can construct a new three-story with basement, six-unit residential property permitted for construction in November.
1412 North Elk Grove Avenue, with 1410 partially visible at left. Photo by Daniel Schell
1410 North Elk Grove Avenue. Photo by Daniel Schell
The garage at 1408 North Elk Grove Avenue. Photo by Daniel Schell
The properties include two residential buildings, at 1410 and 1412 North Elk Grove, and a low-slung garage at 1408. Real estate records show the three sold collectively for $1.8 million last year. 1412 was a three-story, nine-unit building, and the three-story building at 1410 contained two units, according to listing information on Redfin, which also indicates they were built in the late 1880s. Volo bought the properties from a land trust in August. Demo permits for the pair of residential buildings were issued on January 17; the garage demo was permitted on January 27.
The stellar entry to 1412 North Elk Grove, though it has seen better days. Photo by Daniel Schell
1410 from the alley. Photo by Daniel Schell
The back of 1410, from the alley. Photo by Daniel Schell
As of January 28, the properties had all been surrounded by demolition fencing, but work had not yet begun. DemoX is named in the permits as the demo contractor, at a cost of $14,000 for each building. Though that price may reflect the total teardown cost, divided by three, as both 1410 and 1412 are much likely more costly to raze than the garage at 1408.
1412 North Elk Grove (left) and 1410 (right) Photo by Daniel Schell
1410 North Elk Grove Avenue in Wicker Park, likely built in the late 1880s. Photo by Daniel Schell
Volo Holdings has been busy on this stretch of the street, having recently completed condominium developments one block north at 1520 and 1528 North Elk Grove.
1520 North Elk Grove Avenue via Google Street View
1528 North Elk Grove Avenue via Redfin
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11 units removed for 6… sigh… wrong math again
Agreed!
Taxable Value and income goes up. Correct Math!!!!
That’s landlord/developer math for sure. 6 new units minus 11 existing units = a net loss of 5 units for Wicker Park. That’s real math.
To be fair, there are 40 units over on Ashland replacing the handful that were in the buildings at Mike’s. Those can be part of the equation.
Makes me sick to see these beautiful old historic buildings torn down for “modern” crap that has no soul.
Lesser product for a premium price! I’m curious how many faces of the building will be cinder-blocked in and how many 90 degree angles there’ll be….