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Milwaukee Avenue property near Blue Line sells to developer

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A Logan Square site which has been the focus of a transit-oriented development plan has sold

Google Street View

A proposal for new apartments in Logan Square appears to be moving forward as a developer planning a new mixed-user at the southwest corner of Armitage and Milwaukee has closed on the 4,000-square-foot property. In an announcement from commercial brokerage Baum Realty Group, the firm suggests that the buyer of the property at 1966 N. Milwaukee Avenue “is an experienced local developer.” According to broker Greg Dietz, Kiferbaum Development, LLC is the firm behind the $550,000 purchase of the parcel. The property is located next door to another, larger parcel which Clayco plans to develop.

Clayco/Forum Studio

A plan revealed by the developer Clayco last summer sought 132 apartment units in an eight-story building which would wrap around the corner. Designed by Forum Studio, the planned development also incorporates an existing structure at 1968-70 N. Milwaukee Avenue which was designed by architect John Ahlschlager and completed in 1907. Due to its location just steps away from the Western Blue Line station, the proposal utilizes the transit-oriented development ordinance to lower its parking count to just 28 spaces.