50 East Superior
50 East Superior Street, Chicago, IL, 60622, US
1,475 sm
Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development opportunity located at 6130 N Sheridan Rd, 6118 N Kenmore and 6130 N Kenmore in Chicago, Illinois (“The Property”).
The Property includes the Kindred Hospital Chicago Lakeshore building and parking lot on Sheridan Rd plus two additional parking lots on the 6100 block of Kenmore Ave within the Edgewater/Rodgers Park neighborhood. This area is known as the lakefront home to Loyola University Chicago. Residents have access to transit, amenities, and a wide range of housing styles to choose from. Increasingly, the area has benefited from housing price pressures pushing households northward from Lincoln Park and Lakeview.
Kindred Hospital intends to vacate its 91,255 square foot building in 2025. The combined land area across the Property is 85,801 square feet. The entire Property is zoned RM-5.5, Residential Multi-Unit District. This zoning and relevant specifications imply a residential unit count of up to 215 units across the property. The Property’s strategic location next to Lake Michigan, transit and Loyola make it primed for residential development.
As-of-Right, Scalable Residential Development
Proximity to Loyola University Chicago and it's 17,000 Students
Adjacent to Lake Michigan and Many Parks
Short Walk to Transit Connections to Chicago’s Largest Employers
Chicago Multi-Housing Outperforms National Averages