Cushman & Wakefield brokered the $28.45 million sale of 1900 W. Lawrence, a boutique luxury mixed-use property with 59 multifamily units and over 19,000 square feet of ground-level retail space in Chicago’s Ravenswood neighborhood.
Located at 1900 W. Lawrence Ave., the property is a former Sears store that was redeveloped in 2021. At the time of sale, the building’s retail space was 100% occupied and the residential units were 94% full.
Cushman & Wakefield’s Jack Maloney and Brad Smith, managing directors, represented the seller Matthew Tarshis from Frontline Real Estate Partners, a court appointed receiver in the matter.
The four-story property includes a mix of modern residential one-, two- and three-bedroom floor plans, with the second floor consisting of townhome-style units with 20-foot ceilings. Each floor includes amenity spaces catered towards remote work and social gatherings. Building retailers include DeVry University and Club Pilates.
Situated steps from national and local retailers such as LA Fitness, Starbucks and Mariano’s grocery, the property is located less than one block from the Ravenswood Metra stop and two blocks from the Damen Brown Line, providing commuters with easy access to downtown Chicago.
Cushman & Wakefield brokers $28.45 million sale of mixed-use property in Chicago’s Ravenswood neighborhood
