Eight New Chicago Condos Just Received Construction Approval, Including Four-Bedroom Duplexes
Rendering of 4447 North Ashland Avenue by Michael Cox & Associates
UPTOWN, CHICAGO— Looking for a Chicago condo with enough space for a growing household, a home office or visiting family? A newly permitted development on Ashland Avenue could bring more options for buyers who want extra bedrooms without moving to the suburbs.
A construction permit was issued October 30, 2026, for an eight-unit condominium building at 4447 N. Ashland Avenue, featuring three- and four-bedroom homes, outdoor decks, garage parking and planned sustainability features.
The four-story development will occupy a vacant lot near Montrose Avenue, in the Ravenswood area of Chicago's Uptown community area.
For buyers who want the space of a larger home while remaining close to transit, restaurants and established Chicago neighborhoods, the project offers an interesting alternative to a traditional single-family house.
What's Planned for the Eight New Condos?
Developer 4447 Ashland Corp is moving forward with a four-story masonry building designed by Michael Cox & Associates, with PCH Construction Company listed as general contractor.
The project includes:
Eight condominium residences, consisting of six three-bedroom homes and two four-bedroom duplexes.
Two four-bedroom duplex-down units occupying the first floor and basement.
Six three-bedroom single-level condos across the second, third and fourth floors.
Private rear decks, with additional rooftop outdoor spaces.
An elevator and bicycle storage within the building.
Eight garage parking spaces in two detached four-car garages.
The permit lists an estimated construction cost of $2.8 million, although that figure should not be confused with the completed development's total market value or future condominium prices.
The plans also incorporate sustainability commitments, including electric vehicle charging facilities and a partial green roof.
Specific unit sizes, interior finishes, HOA fees and individual asking prices have not yet been announced.
Why Three- and Four-Bedroom Condos Matter for Chicago Buyers
Larger condo layouts can provide an alternative for buyers who need more space but aren't ready to move into a detached suburban home.
For example, a three-bedroom condo may allow a buyer to have two bedrooms plus a dedicated home office, while a four-bedroom duplex could accommodate a larger household or additional flexible living space.
4447 North Ashland Avenue. The recently completed 4441 North Ashland is at right. Photo by Daniel Schell
Compared with a detached house, condominium living may also reduce individual responsibility for certain exterior maintenance tasks, depending on the association's governing documents.
However, buyers should consider several trade-offs.
HOA fees: Monthly assessments may cover shared maintenance, insurance and building expenses.
Building finances: Even newly constructed condo buildings need operating budgets and plans for future reserves.
Outdoor space: Private decks and shared rooftop areas can be appealing, but buyers should verify access rights and maintenance responsibilities.
Financing: Mortgage lenders may need to review the condominium project's financial and legal documentation, particularly when the building is newly developed.
For buyers comparing larger condos with single-family homes in Chicago or the suburbs, the best choice often depends on the total monthly cost, usable living space, maintenance responsibilities and desired location.
What Makes This Uptown and Ravenswood Location Appealing?
The property sits along Ashland Avenue between Sunnyside and Montrose, providing access to several established North Side destinations.
Nearby transportation options include:
CTA Montrose Brown Line station, offering rail service toward the Loop and other North Side neighborhoods.
CTA Route 78 Montrose, serving the surrounding east-west corridor.
CTA Route 9 Ashland, providing north-south bus connections.
Metra Union Pacific North Line, accessible from the Ravenswood station.
Beyond transit, the surrounding neighborhood offers access to restaurants, independent shops, local businesses and residential streets throughout Ravenswood and Uptown.
Buyers can also explore nearby Lincoln Square, Andersonville and the North Center area for additional dining, shopping and entertainment.
The location may appeal to people who value neighborhood amenities and transit access while still wanting a larger home layout.
What Should Buyers Know Before Considering These Condos?
The development has received its construction permit, but the homes are not yet confirmed as available for sale.
Buyers interested in the project should watch for future announcements regarding floor plans, pricing, HOA assessments, estimated property taxes and construction milestones.
For new construction condos, it is also important to review the developer's disclosures, projected association budget, warranties, parking arrangements and purchase contract with qualified professionals.
A larger floor plan is only part of the equation. Buyers should understand how the building will operate and what ownership expenses may look like after closing.
Looking for a Larger Condo in Chicago Without Moving to the Suburbs?
A three- or four-bedroom condo can offer a different path for buyers who want additional living space while staying connected to Chicago's neighborhoods.
From Uptown and Ravenswood to the South Loop, West Loop and University Village, larger condominium layouts can provide alternatives to detached homes.
The Cory Tanzer Group at Option Premier helps buyers compare available properties, evaluate condo association considerations and navigate Chicago's real estate market.
Searching for a larger Chicago condo? Connect with our team to explore current options, compare neighborhoods and find a home that fits your space requirements and budget.
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