The turn of the century masonry home covered in ivy just off the Southport Corridor at 1418 W. Addison St. may soon be made into a small apartment complex according to a new plan from a developer. The property is currently listed for sale as a vacant lot with an ask of $1.575 million, but a developer is looking to preserve the building's front facade and add a rear and side addition to convert the 100+ year old structure into ten apartment units, DNAinfo reports.
Previously, Preservation Chicago had indicated that the building had an uncertain future due to a zoning change back in 2008 to build condos. To make matters even more uncertain, the home went into foreclosure and bank repossession in 2011. However, the news is certainly welcomed, considering that Lakeview tears down more buildings than any other neighborhood in the city. And although, it appears that major alterations will be made to the building, there is really nothing preventing a developer from razing the building as is. If all goes according to this developer's plan, the building's transformation could begin early next year, with an early 2016 delivery.
·Historic Lakeview Home Could Become Apartment Building by 2016 [DNAinfo]
·Previous Lakeview coverage [Curbed Chicago]