2400 W Montgomery AveDelivered

A new three-story, eight-unit building at 2400 W Montgomery Avenue has wrapped construction in Brewerytown, adding another modest infill project to a corridor that's seen steady small-scale development over the past few years. The structure occupies a 2,288-square-foot lot zoned CMX2, a mixed-use designation that permits residential by right at this density. Cleared to build in late 2023, the project originally planned for full NFPA 13 sprinkler coverage but was amended in spring 2024 to dial back to NFPA 13R standards and slightly reduce window openings—practical tweaks that suggest the developer, Vp 2400 Montgomery LLC, was threading the needle on cost without sacrificing delivery timelines.

The building lands in a stretch of Montgomery Avenue that's absorbed more than 250 new units within half a mile in recent years, including a 21-unit project at 1528 N 24th Street and a 16-unit building at 1525 N Stillman Street. That cluster of mid-sized developments reflects Brewerytown's ongoing evolution from a patchwork of vacant lots and aging rowhouses into a denser, more predictable rental market. The eight-unit scale here is typical of what CMX2 parcels can produce—large enough to pencil but small enough to avoid the political and financial friction that comes with bigger multi-family plays.

With this parcel now built out, the focus shifts to similar underutilized lots along Montgomery and the nearby side streets, where CMX2 zoning and relatively affordable land costs continue to attract smaller operators. The question is whether the pace of construction can keep up with demand in a neighborhood that's gentrifying unevenly, or if rising material and labor costs will slow the pipeline. For now, projects like 2400 W Montgomery suggest that the economics still work for developers willing to move quickly and keep unit counts modest.