North Kenwood/Oakland is on
the radar as one of the South Side’s rising-star neighborhoods, Realtors and
developers say.
“Today, historic Drexel Boulevard is at center stage for the current
boom of residential development in North Kenwood/Oakland,” said condominium
appraiser Gail L. Lissner, vice president of Appraisal Research Counselors.
“Drexel Boulevard remains
the widest and best designed boulevard in the city of Chicago,” said Mark Sutherland, principal of Sutherland Pearsall Development Corp. “It is a key boulevard connecting the South Side to downtown.
With the nearness of South Lake Shore Drive and the expressway system, housing
on Drexel Boulevard has better location and much less congestion than Lincoln
Park.”
North Kenwood/Oakland also
was one of the key neighborhoods showcased in the recent Southside Builders
Association’s 2008 Premiere of Homes.
“North Kenwood/Oakland is still
somewhat of an undiscovered jewel of Chicago’s neighborhoods,” said
Sutherland. “It has everything that makes a great neighborhood in Chicago,
terrific architecture, proximity to downtown and the lake, lots of new
construction, expansive green areas, etc. Plus, you get twice as much for your
money as compared to some of the North Side areas.”
Sutherland noted that North
Kenwood-Oakland is located about 4000 south—about the same distance from the
Loop as such popular North Side neighborhoods as Belmont Harbor, East Lake View
and Buena Park.
Vast improvements to nearby Lake Shore Drive, and the Lake
Michigan shoreline, including plans for the new beach at Pershing Road (39th
Street) make North Kenwood-Oakland the next destination neighborhood,
Sutherland added.
Sutherland Pearsall has two
active developments in North Kenwood/Oakland:
· Drexel Parc Lofts, 4537
S. Drexel Blvd. Only three penthouses remain for sale in this new-construction
59-unit condominium conversion.
The three-bedroom, two-bath
penthouses in the seven-story elevator building feature 1,500 to 1,600 square
feet. Prices range from $299,900 to $309,900.
· Drexel Square Townhomes,
4450 S. Drexel Blvd. The nine-unit new-construction townhome development is
nearing completion. The three-bedroom and four-bedroom townhomes have 2.5 to
3.5 baths and two-car attached garages. Prices range from $394,900 to $509,900.
For more information on the
Sutherland Pearsall developments call First Chicago Realty at 312-467-9900, or
visit www.sutherlandpearsal.com.
