Greenstone Partners is pleased to present the opportunity to purchase 2247-49 West Lawrence (the “Property”), a 25-unit new construction mixed-use investment property in Chicago’s heavily populated Lincoln Square neighborhood. The building is positioned southeast of Oakley and Lawrence Avenue corner, which is less 0.6 miles from the Western Brown Line CTA Station.

The 26,000 leasable square foot building sits on 6,150 square feet of land. The Property comprises twenty-two market-rate apartments, one office space, and two affordable apartments. The mix of the apartments features (1) 1 Bed/1 Bath ARO unit, (1) 3 Bed/2 Bath ARO unit, (13) 3 Bed/2 Bath units, (4) 2 Bed/2 Bath units and (5) 1 Bed/1 Bath units. The apartments feature brand-new quartz countertops, white cabinets, stainless steel appliances, separate HVAC, dishwashers, on-site parking, and laundry in-units. The property also features a rooftop deck, with seating and an outdoor tv for its residents, accessed by the elevator.

The office space offers a new owner multiple value-add option. A new owner can leave it as an office and rent it out, or can convert the space to a residential/live-work space. The seller is offering a two-year credit of $2,500 per month to give a new owner time to rezone the unit or to find a new tenant for the space.