Property Overview

426 West Briar Places is a 7 story, 56-unit, elevator building located in the Lakeview neighborhood of Chicago. The property consists of spacious studios, one-bedroom and two-bedroom layouts featuring hardwood floors, ceramic bathrooms, white appliances, laminate counters, and tall ceilings. The units are currently heated via steam radiant heat and cooled via window AC units.


The subject property has been owned and operated by the same family for multiple generations. An investor has a tremendous value add opportunity to add an additional bedroom to many of the units, modernize the units with condo quality finishes, and utilize multiple spaces for tenant amenities.

Highlights

  • Amazing East Lakeview Location
  • Very Spacious Units with High Ceilings
  • Great Unit Mix
  • Value-Add Through Modernizing Units
  • Ability to Add Multiple Building Amenities

Key Details

NUMBER OF UNITS
56
BUILDING SIZE
54,600 SF
LOT SIZE
10,160 SF
SUBMARKET
Lakeview
Transaction date
2023
Sale Price
$8,600,000