
Mixed-Use Trades Along Lakeview’s Southport Corridor
Interra Realty negotiated the $5.2-million sale of 3546 N. Southport Ave., a mixed-use property with 21 apartments and two commercial spaces in the Southport Corridor of Chicago’s Lakeview neighborhood. The price per unit was $226,000.
Senior managing partner Brad Feldman represented the seller, a family trust that had owned the building for nearly 50 years, and the private buyer. The new owner plans to gut-renovate the apartments, update hallways and common areas, add a bike room and potentially add a rooftop deck.
“Lakeview is always popular, and the Southport Corridor has transformed dramatically in recent years, with many new retail stores, restaurants and apartments,” said Feldman. “3546 N. Southport is a rarely available, well-located building in the heart of this vibrant district.”
Built in 1930, 3546 N. Southport includes 12 studio and nine one-bedroom units. The apartments were approximately 97% leased at the time of sale.
- ◦Sale/Acquisition