The Medallion Lakeview

3115 N Broadway St, Chicago, IL, 60657-4522, US

描述

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present The Medallion ("The Property"), a boutique, luxury 72-home apartment community located in Chicago's sought-after Lakeview neighborhood. The property was transformed from a parking garage into apartments in 2023 and now consists of studios, one-bedroom, and two-bedroom layouts. All units feature brand-new, upscale interior finishes. Between the rooftop sundeck, fitness center, garage parking and 100% occupied on-site retail, residents benefit from an all-inclusive, luxury experience.

The Medallion enjoys a premier location in the dynamic Lakeview submarket, positioned on bustling Broadway Avenue and adjacent to Lake Michigan. The property offers residents immediate access to a vibrant array of dining, shopping, and recreational activities, with convenient public transit to downtown Chicago's employment centers. This attractive live-work-play environment appeals to a diverse resident base including young professionals and students. This incredible investment opportunity is available free and clear.

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特性

單位數量

使用／出租率

99%

落成年份

1928

建築物面積 (淨面積)

8,407 平方米

媒體

投資亮點

Irreplaceable Lakeview Location
Incredible Walkability (96 Walk Score). Countless Dining, Retail, Shopping & Grocery
Steps from Lake Michigan, Wrigley Field, and Belmont Harbor
Adjacent to Multiple Transit Options including CTA Trains and Bus Lines
Borders Other Top Neighborhoods Including Wrigleyville, Southport Corridor and Lincoln Park

Exceptional Investment Opportunity
Ideal Boutique Investment Size at 72 Homes
Strong Lease Trade Outs Averaging 13% On New Leases and 9% On Renewal Leases (May 2025 to April 2026)
100% Occupancy Provides Opportunity to Increase Rents
Impressive 65% Retention
Low 16% Area Rent-to-Income Ratio Proves Rent Upside
9% Increase of Rental Revenue Since 2024

Upscale Property Features
Brand-New Units with Top of the Line Finishes
Terrific Amenities including a Fitness Center, and Rooftop Deck with Fit Pits & Grills
100% Occupied On-Site Retail and Parking Amenity for Tenants
Desirable Unit Mix of Studio, One, and Two Bedroom Units
Wifi Coverage for Entire Property