New Three-Unit Residential Building Permitted on North Damen Avenue in Ravenswood

By Socialhood News · Il/Chicago/Ravenswood · December 26, 2025

Ravenswood's residential landscape continues to evolve with developer Profus Construction Corp receiving a permit on December 22 to build a three-story with basement, three-unit building at 4928 North Damen. The permit application, dated May 13, came through with a reported cost of $950,000.

The sale price and reported cost, along with the one-to-one parking ratio, suggest these new units might be condominiums, though it remains unclear whether they'll be for sale or offered as rental apartments. As of December 23, no fencing has appeared around the property, indicating demolition hasn't yet begun. This development joins other residential projects that have been reshaping Damen Avenue, a key corridor in Ravenswood known for its mix of residential spaces and local businesses. The area around the 4900 block of North Damen has seen increasing development interest, with its proximity to popular neighborhood amenities and public transportation making it an attractive location for new housing options.

Sources:
1. https://chicagoyimby.com/2025/12/another-three-unit-building-permitted-for-4900-block-of-north-damen-in-ravenswood.html