The first of five new residential buildings in the 2400 block of West Warren Boulevard on the Near West Side has been issued a permit by the City of Chicago. Metropole Holdings LLC, under the entity of TKT Warren LLC, got a permit for a four-story plus basement, eight-unit building at 2423 West Warren on Monday, June 15. It came through with a reported cost of $1.431 million after spending just 12 days in the Chicago Data Portal.
Site context of the 2400 block of West Warren Boulevard, via Google Maps
Hanna Architects is the architect of record, with Metropole Holdings listed as their own general contractor. Details in the permit include front balconies at all four levels. A detached three-car garage will be erected at the alley behind the lot along with three surface spaces on a concrete pad. Five-foot wood fencing will enclose the property.
2439 West Warren Boulevard, permitted for demolition in 2028. Image via Google Street View
2423 West Warren sits mid-block between North Western and North Campbell Avenues, but the entire lot west of 2421 West Warren has long been vacant, improved only by a single-story masonry building at 2439 that the city ordered demolished in August 2018. Using four other entities, Metropole has four more multi-unit permits pending in the Chicago Data Portal, and each of them shows an application start date of June 23.
Looking east from North Campbell Avenue, via Google Street View
At 2431, 2433, and 2439 West Warren, they plan to erect three more four-story, eight-unit buildings with identical specifications approved for the first building. The fourth pending permit, and fifth overall for the plot of land, is for a four-unit building at 2443 West Warren. Metropole Holdings LLC is designated as the general contractor on each permit, with Hanna Architects again listed as the architect of record. It is not known at this time if all permits are expected to come through soon, and if so, if all five buildings will be constructed simultaneously or in phases. It is presumed they will be rental units, though that has not been clarified.
Nearby rail transit options, via Google Maps
The five new residential buildings are surrounded by transit options, both rail and bus. Route 49 and X49 buses run north-south one block away at North Western Avenue, and the #20 bus stops eastbound and westbound one block south at West Madison Street. The California and Damen Green Line platforms and the Western Blue Line platform are all within four-block walks, and the Western Avenue Metra station is located three blocks north.
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This area should be served by a brand new Western Ave stop on the Green Line.
If the CTA starts planning for a new western green line stop now, there’s a decent chance it will open before 2050 and only cost $1.7B!!!
Oh Iron Mike, such the optimist.
And some Western BRT…
If you’re looking for an affordable place to make money in Chicago real estate, this neighborhood is the place. You can buy easily and ride the coming wave of increasing property values up for years to come. There is no down side risk to property values in this area anymore. The only way is up.