The Real Deal Chicago

Inland National gets approval for 100-unit Logan Square rental

Developer will offer only studio and one-beds
By Dennis Lynch | June 15, 2018 05:00PM

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.