EAST VILLAGE — A red brick cottage with white trim dating to the 1890s that recently sold for $685,000 will be torn down, according to a demolition permit issued to the property's new owner.
On Monday, Volo Development's Mykhaylo "Michael" Volochiy received a permit to wreck and remove the two-story multiunit home at 912 N. Wolcott Ave. in West Town's East Village, city records show.
Volochiy declined to comment on the impending demolition or what will replace the cottage. The Cook County Assessor's Office estimates the home to be 120 years old.
A prolific local builder whose properties are often sold through Wicker Park's North Clybourn Group, Volochiy is developing modern luxury condos at 2116 W. Chicago Ave. in Ukrainian Village. Those homes replaced a one-story building that served as a recording studio.
Though the home is not listed in the Chicago Historic Resources Survey — a database that is a basic starting point for assessing a building’s historic or architectural value — eight other homes on the same block are included in the database, including 926 and 936 N. Wolcott Ave.
For the last 23 years, the home was owned by Abel and Maria Flores, who bought it for $136,000, county records show.
The Flores' sold their home for $685,000 on June 23 to an entity led by Volochiy named Volo Holdings LLC-912 Wolcott Series, according to county records.
Side view of 912 N. Wolcott Ave. [Photos by DNAinfo/Alisa Hauser]
The front window features inlaid stained glass