Southport Corridor Charmer
1478 W. Byron St. is a rarely available, 16 unit building in a prime location of Lakeview. The property is steps from the Southport Corridor, one of Chicago’s most desirable stretches of retail. The property had been pridefully maintained and the building systems and envelope had experienced significant updating over the years.
The seller decided to sell the property to return some proceeds to the fund vehicle that they used to acquire the property. The buyer is a long-term hold owner with an established portfolio in the submarket, who bought the property in a 1031 exchange.