Inland National gets approval for 100-unit Logan Square rental

Developer will offer only studio and one-beds

Jun.June 15, 2018 05:00 PM

A rendering of Inland National’s 100-unit project at 2845 West Belden

Inland National Development Group received the green light for a 100-unit residential project in Logan Square.

The Department of Buildings issued permits for the project, which is planned for 2845 West Belden Avenue, a few blocks from the Blue Line’s California station and a slew of hip restaurants and bars on Milwaukee Avenue.

The building will have “loft style” studio and one-bedroom apartments between around 500 and 660 square feet, according to Inland’s John Brown. Rents will be $3 per square foot.

Amenities include a rooftop deck, gym, and a business center.

Logan Square’s real estate market has attracted a number of investors in recent years, particularly the area around the 606. Homeowners are reportedly getting so many unsolicited offers for their homes that Alderman Robert Maldanado wants to provide forgivable loan grants for home improvements that are forgivable if they stick around for at least five years.

Related Articles

1035-1065 N Orleans St (Credit: Google Maps)

Developers place bets on another downtown hotel

2537 North Pulaski Road in Logan Square (Credit: Google Maps)

‘Hipster’ concert venue will cause gentrification, Logan Square activists claim

Former NFL player Israel Idonije and 200 W. Madison St. (Credit: Getty Images, Google Maps)

Former Chicago Bear launches 1871-styled incubator with insane lease rates

David Baum (inset) has given an unknown partner a $55 million stake in its Green Exchange building. (Credit: Baum Revision and LoopNet)

Baum Development sells $55M stake in Logan Square office redevelopment

PepsiCo CEO Ramon Laguarta and WeWork CEO Adam Neumann with the Old Post Office (Credit: Getty Images)

Space race: WeWork, PepsiCo may take a combined 320K sf at 601W Companies’ Old Post Office

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

Homes in Chicago's Archer Heights neighborhood (Credit: iStock)

Chicago Cheat Sheet: Chicago home value growth hits 3-year low, another suburban corporate exodus…& more

The Jeffery Towers portfolio

As South Shore booms, local investor seeks a big payout on 4-building portfolio