Historic Congress Theater Comes Back to Market

Frontline Real Estate Partners has the listing for the historic Congress Theater at 2217-2139 N. Milwaukee Ave. in the North Side’s Logan Square neighborhood. The locally-based brokerage was appointed as a receiver after a redevelopment plan fell through and the lender moved to foreclose on the 95-year-old property, Crain’s Chicago Business reported.

Originally constructed between 1925-1926, the 104,119-square-foot landmark features a 56,103-square-foot theater, 46 apartment units and approximately 19,582 square feet of storefront space, according to Frontline’s marketing document. AEG Presents, the world’s second-largest presenter of live music and entertainment, has a lease to operate the theater.

As approved by the city, the restoration project entails a total overhaul of the theater and construction of a 30-room hotel, 14 affordable apartments and 16,000 square feet for retail space and restaurants. Additionally, there would be construction of a 72-unit residential building on an adjacent lot, not included in the sale.

Photo courtesy of Frontline Real Estate Partners.

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