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8,000 Square Feet, Still Raw & Ready for Reuse in Bucktown

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This listing may be familiar to the voracious DIY subset of home buyer. A 8,000 square-foot adaptive reuse opportunity in the heart of Bucktown, this double-wide, double-structure property was asking $699K for a brief span ending in February 2012. Not heard from since, the listing has been reset with Baird & Warner and with a $250K price hike. Very little if any new work has gone into the property in the interim, which includes a former storefront, warehouse, and raw loft areas holding potential for four bedrooms and 3.5 baths. The conjoined structures present a modest face to Leavitt Street, but extend the full 100-foot depth of the lots. Certainly, there's more confidence in the market for Bucktown build-outs now than there was in late 2011— which may help account for the hefty hike. Single-family use with possible ground floor office/retail is one option on the table (see prepared plans). Another is teardown in order to maximize the RT-4 zoning allowance (3-flats, townhouses)— crude, but with ample precedent.
·Listing: 2068 N Leavitt St. [Baird & Warner]
·Bucktown Mixed-Use Build-Out Opportunity for $699K [Curbed Chicago]