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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).