1659 W. Division St. Courtesy of Loopnet
Published by Wicker Park, Bucktown real estate contributor: Thyra DeCicco
Wicker Park is getting a new hotel hybrid. A building that has been a "single room occupancy" or SRO building is getting a new life and a chic makeover. According to a report published yesterday via Chicago Real Estate Daily, this turn of the century building is being transformed into a corporate housing-hostel hybrid, "renting rooms to companies bringing out-of-town employees to Chicago for extended work trips and to visitors here for shorter stays".
Holiday Jones, as the property will be called, is located at 1659 W. Division Street (Paulina and Division). It will have 35 rooms, each offering about 150 square feet and costing $70 to $150 per night. Longer term stays will qualify for lower rates.
Only 5 or 6 of the 35 units, will have a private bath. Accommodations will include a shared kitchen and 24 hour staffing. This building includes a 1st floor commercial space (formerly the home of shoe store Pump). Owners are planning to include a small cafe offering coffee and pastries in that space.
Holiday Jones is looking to open later this Summer and will target younger travelers who don't want to stay in downtown Chicago.
Wicker Park SRO To Morph Into Hotel Hybrid [CRED]
In a story published by Chicago Real Estate Daily, it appears several parcels of vacant land at 1822-1850 W. Chicago Avenue (just West of Wood Street) in East Village have been sold; according to a deed
filed with the county. Fifield Cos. paid $2.6 million dollars for the property and is planning an $18 million development that will include three four-story
buildings with 48 apartments and 9,000 square feet of retail space.
Bucktown - March 10, 2013
Apparently, there's so much interest in this 4 bed / 3.1 bath home listed at $799k, they're not even showing the home via private showings. When we tried to schedule a private showing, we were told they were hosting 2 Open Houses; one last Friday from 5pm - 8pm and the one today. It was more than a little surprising to learn we could view the property at 2 open houses and no other time. But again, we're guessing there's a significant amount of interest and rather than show the property 16 times in 3 days, you schedule "open" times for people to come through.
Interested? You better write up that offer soon. Sounds like this one won't be on the market long. Welcome to our current real estate market; where homes are 
Brick 2 flat on Oakley just north of Oakley Street and Division Street in Wicker Park proper is currently in foreclosure but not yet listed on the MLS. Could keep as a 2 flat or convert to a single family like many of the Victorian buildings in that area. Approximately 2,000 square feet. Full sized lot (25 x 125). First floor has a/c.
Exclusive tile work
in baths. Master suite offers walk-in closet, jetted, tub, separate shower. 
Taxes- $6859 
Foreclosures have become few and far between... which is a good thing for the neighborhood. Could the real estate market be finally recovering? The few foreclosures out there now sell quickly. So if you're interested, move quickly. Get your pre-approval ready and go get it.
