Greenstone Partners is pleased to present the opportunity to acquire 853 North Larrabee (the “Property”), a forty-five-unit new construction mixed-use investment property in Chicago’s sought-after River North neighborhood. The building is positioned just north of the corner of Chicago Ave & Larrabee Street. The Property is across from 600 West Chicago, built as a 1.25 - million square foot warehouse, which was later converted into one of the largest office properties in River North. The Property is also adjacent to multiple luxury condominium and town home developments.
The new construction mixed-use property features modern kitchens, bathrooms, HVAC, and laundry in-unit. The ground floor has three retail spaces leased to a cooking school, an insurance provider, and a new smoke shop. The residential units above are accessed via elevator, thirteen studios, twenty-five 1 Bed/1 Bath, and four 1 Bed/1 Bath + Den apartments. The building also features an indoor parking garage with thirty-seven spaces, an on-site gym, and an indoor bike garage.