[marothisu]

There's been a good number of new 2 and 3 unit buildings permitted in the general area of this lately. Still a year off from when they'd plan to even start it:

Apartments planned next to CTA station in Bronzeville

https://www.chicagobusiness.com/comm...on-bronzeville

A Chicago development team plans a 91-unit, $27 million apartment project with room for three to five retailers at the CTA Green Line’s 43rd Street stop in Bronzeville, using long-vacant city-owned lots and some tax credits.

Startup P3 Markets is partnering with Habitat’s affordable-housing management and community development arm to build the 43 Green project, which will target young professionals who don’t own cars.

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“The area around the 43rd Street stop is very barren,” said Ald. Pat Dowell, 3rd, who represents the neighborhood. “So this development will help re-energize the 43rd Street corridor and bring new life to 43rd Street and hopefully increase ridership and business growth around the el station.”

The goal is to make the area look more like North Side neighborhoods that boast high-rises offering residences, restaurants and stores centered on public transit, Beckham said.

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Rents in the project are estimated to range from $925 to $1,750 for studio, one-bedroom and two-bedroom apartments.

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Beckham expects the development will appeal to young black professionals who grew up in the neighborhood but are drawn to amenities in the South Loop, West Loop and Hyde Park.

“These new developments are based on what their needs are—transportation, amenities and access to their jobs,” he said. “A lot of these kids are coming out of college with debt, and they’re moving to the South Loop or West Loop and they’re paying $2,000 for a one-bedroom.”

Beckham aims to secure his funding by late fall 2020 and complete the project in 2021.