Strauss Realty will build a five-story apartment building along Western Avenue in North Center.
The city granted the Chicago firm a building permit for the project at 2405 West Hutchinson Street, which will include 48 apartments over ground-floor retail. Nine of the units will be studios.
The project is expected to cost $8 million, according to documents filed with the firm’s building permit application.
The site, currently an auto sales business, will feature 48 parking spaces.
The architect is Jonathan Splitt Architects and the general contractor is John James Construction.
The building sits a couple blocks east of the North Branch of the Chicago River, a couple of miles north of where Related Midwest is in the middle of a massive redevelopment of the former Lathrop Homes’ public housing complex.
A recent report showed that despite a flood of new multifamily construction, occupancy rates were holding steady and rent growth remained strong.