CRER is thrilled to announce that Steven Rapoport, CCIM, has successfully represented Urban Edge Group in acquiring a 16,000-square-foot development site at 1651-1659 W Wolfram Ave in Chicago’s highly sought-after Lakeview neighborhood. This acquisition marks another significant milestone for Urban Edge Group LLC, a full-service real estate development company committed to excellence and innovation. Their dedication ensures that every project meets the highest standards of quality and sustainability.
Zoned RS-3, this site offers substantial potential for residential development in a vibrant community known for its diverse dining and entertainment options, top-rated schools, and easy access to Lake Michigan and public transportation—making Lakeview one of Chicago’s most desirable places to live.
This transaction underscores CRER’s ongoing commitment to facilitating strategic acquisitions that shape Chicago’s evolving real estate market. We are excited to see this development take shape and are proud to have played a key role in this project.
A Proven Track Record of Success
This acquisition adds to Steven Rapoport’s impressive list of notable recent transactions in the neighborhood:
· 56-Unit Development Site in Bucktown – Learn more about this sale.
· 1639 W Wrightwood – Earlier this year, Steven sold a single lot above asking price in under four days. Construction is already underway on a luxury single-family home, further demonstrating Steven’s strength in Chicago’s competitive market.
· 2358 N Clybourn Avenue – Steven represented the sale of this mixed-use building, which generated significant buyer interest and closed at over $400,000 per unit. Learn more about this sale.
Let CRER Help You Achieve Your Goals
With a proven history of success, deep market expertise, and a dedication to delivering exceptional results, Steven Rapoport and the CRER team are ready to help you achieve your real estate goals. Contact Steven today to begin planning your next successful sale or acquisition! 847-863-2707 StevenR@crer.com
