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Peak Properties Advises on Sales in North Side Neighborhoods
Peak Properties, LLC and its business affiliate Peak Realty Chicago provided consultation for two recent commercial real estate deals including one land sale and one mixed-use property sale on Chicago’s north side.
A 14,000-square-foot land site at 3817-19 N Ashland Ave. in the Lakeview neighborhood was sold by Mavrek Development to an undisclosed buyer for more than $2 million. The project is expected to build out 48 luxury apartment units plus indoor parking.
“This was the first of hopefully many transactions between all parties and the hard work and dedication to the project and the Lakeview/Southport Corridor neighborhoods never ceases to amaze me,” says Mike Zucker, managing partner at Peak Properties.
In Ravenswood, the building at 4747-57 N Ashland Ave. known as LA Lux sold for approximately $18.5 million. The mixed-use property includes 39 luxury condominium-quality apartments, indoor parking and two ground-floor retail units.
Rendering courtesy of 360 Design Studio.
- ◦Sale/Acquisition
