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Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in an infill development opportunity located at 1123 West Lawrence Avenue in Chicago, Illinois (“The Property”). Located on the southeast corner of West Lawrence Avenue and North Clifton Avenue, 1123 West Lawrence is positioned in the heart of Chicago’s desired Uptown neighborhood. Located 15 minutes north of downtown Chicago, Uptown is a hidden gem offering boutique shopping, nightlife, restaurants, and iconic entertainment venues. 1123 West Lawrence is a 26,659 square foot land site which is currently utilized as a parking lot for the adjacent Lawrence Red Line Station. The site is zoned B3-5 (Community Shopping District) in the Uptown Square Historic District and represents a unique opportunity to develop a 99-unit multi-housing project as-of-right without triggering Chicago’s affordable housing requirement.
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Destaques do investimento
- Rare Opportunity for As-of-Right Multi-Housing Development
- Strong Transit Connectivity with Lawrence CTA Steps Away
- Proximity to Renowned Entertainment Venues & Amenities
- Chicago Multi-Housing Outperforming the National Average
- Ongoing Infrastructure Improvement in Chicago's North Side
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