The City of Chicago has issued permits for the construction of a new residential building at 2038 North Bingham Street in Palmer Square. Permits were issued on January 29, and the project is anticipated to cost approximately $1.96 million.
Demolition permits have been issued for a three-story residential building located at Palmer Square‘s 2033 N Albany Avenue. The structure is set back from the street, and owned by MK Builders & Construction. While the owner’s plans have not yet been published, the property is zoned under RS-3, which allows for single family residences and two-flats. RS-3 also permits a floor area ratio of 0.9, whereby any new building may have up to 90 percent of the square footage of the containing lot. As of now, it is unknown if the owner will seek a zoning change for allow for more density.
Construction is now above grade for a three-story residential building at 2820 W Lyndale Street in Palmer Square. The developer 2820 Lyndale Real Estate LLC has planned seven residential units and seven open-air parking spaces. Other building features include a rooftop penthouse enclosure and deck, terraces on the first and second floors on the south side, and terraces along all three floors on the east side. The project is set to replace two frame single-family residences and a surrounding vacant area.
Construction permits have been issued for a three-story residential building at 2820 W Lyndale Street, located in Palmer Square. Currently, a single-story frame building occupies the site. However the narrow plot size and surrounding vacant lots may indicate that the development will involve multiple parcels.