CRER is pleased to announce the recent sale of a multifamily property in Lincoln Park, Chicago.
This property, held by one owner for over 70 years, represents a rare opportunity in one of Chicago’s most desirable neighborhoods.
Listed by Ian Luscombe and assisted on the buy side by Steven Rappaport. This property offers a prime opportunity for the development of luxury apartments, presenting a unique investment prospect.
The new buyer plans to redevelop the existing units into luxury apartments, aiming to maximize the potential of this exceptional location. The redevelopment will focus on modern amenities and high-end finishes to meet the growing demand for upscale living in Lincoln Park.
For those considering investments in Lincoln Park or seeking guidance in real estate transactions, please reach out to Ian Luscombe at (312) 477-9181, IanL@CRER.com, or Steven Rapoport at (847) 863-2707, StevenR@CRER.com. Their thorough market knowledge and dedication to client success make them excellent resources for navigating the complexities of the real estate market.
