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CBRE Lists Condo Deconversion in Streeterville
CBRE has been retained as the listing agent for a deconversion opportunity at 540 N. Lake Shore Dr., a 150-unit residential condominium property in Chicago’s Streeterville neighborhood.
Martin Stern of CBRE is representing the homeowners’ association of 540 N. Lake Shore, which is offering the 150 brick-and-timber loft condo units in a bulk sale through a competitive bidding process. The listing also contains the adjacent 10,780-square-foot parking garage with 73 spaces at 450 E. Grand Ave.
Built in 1914, 540 N. Lake Shore was rehabbed in 1977 into 150 apartments, which were then converted to condos in 1992. The offering of the 150 units consists of studios, one bedrooms and several two-bedrooms.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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