Chicago-based Spaces Real Estate has begun pre-leasing at The Darlington Apartments, a boutique 48-unit rental community located at 4700 N. Racine Avenue, in Chicago’s Uptown neighborhood. Developed by Elmdale Partners, with Spaces serving as the exclusive leasing agent, The Darlington Apartments is scheduled to welcome its first residents June 1.
“The gut rehab of the former Darlington Hotel will bring modern yet attainably priced rental housing to the Uptown neighborhood,” said Bentley Phillips, founder of Spaces Real Estate. “As part of the renovation, the building’s vintage red signage has been restored, maintaining the character of the existing structure even as much-needed structural and cosmetic repairs are made.”
The Darlington Apartments will offer studio and one-bedroom floor plans with monthly rents ranging from $785 to $1,400. Residences will feature nine-foot ceilings, brand new kitchens with stainless steel appliances and retro cherry red or black refrigerators, and in-unit laundry in select plans. Some units will also be equipped with Murphy beds and drop-down desks/tables.
Shared amenities include free high-speed fiber optic internet, a workout room, 24/7 laundry facilities with an adjacent gaming area, coworking lounge, TV lounge and a full, private backyard. Additional storage is also available.
“It has been a labor of love restoring this historic building for the Uptown community and our 48 future residents,” said Jim Sayegh, principal at Elmdale Partners. “The units are bright and beautiful with many custom touches; I think our community as a whole will be vibrant, inclusive and comfortable—a special place to call home.”
Uptown is known for its vibrant music scene, vintage architecture and global cuisine. Residents at The Darlington Apartments will be within walking distance of Montrose Beach, the Lawrence Red Line station and several CTA bus routes.
Elmdale Partners acquired the Darlington property through a transaction brokered by Spaces Invest, a division of Spaces Real Estate focused on the sale of multifamily and commercial properties, including redevelopment opportunities.