1242 West Lawrence Avenue
High-End Amenities Apartments + Commercial
Marketing description
1242 West Lawrence Avenue is a well-located, mixed-use multifamily asset in the heart of Chicago’s vibrant Uptown neighborhood. Positioned along Lawrence Avenue, a major commercial and transit corridor, the property benefits from strong visibility, excellent walkability, and robust demand drivers that make Uptown a resilient and renter-friendly submarket on Chicago’s North Side.
The asset comprises 54 multifamily units and two commercial spaces, offering a balanced income stream from residential rentals supported by neighborhood-oriented retail. With approximately 40,422 rentable square feet, the property provides efficient scale in a dense urban setting. Modern management practices and a diversified unit mix position it well for stable occupancy and cash flow in a supply-constrained market.
UNIT MIX: The residential component features a practical mix tailored to Uptown’s diverse renter base of professionals, young families, and long-term residents:
9 STUDIOS
37 ONE-BEDROOM / ONE-BATHROOM UNITS
4 TWO-BEDROOM / ONE-BATHROOM UNITS
4 TWO-BEDROOM / ONE-AND-A HALF-BATH UNITS
2 COMMERCIAL SPACES
Investment highlights
- Excellent Uptown Neighborhood Location
- High-End Amenities Including Resident Lounge, Two Rooftop Decks with City Views, Sundeck and Dog Run
- Mix of Studio, One and Two-Bedroom Units
- Units Feature Modern Finishes and Floor-to-Ceiling Windows
- Balconies Available in Select Apartments
- 27 Parking Spaces
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