CRER (Chicago Real Estate Resources, Inc.)

Chicago-based KMA Companies and Property Management has added to its multifamily managed portfolio with the acquisition of The Topaz, formerly known as Low Line Commons. The 53-unit property, located at 3421 N. Ashland Avenue in the city’s Lakeview neighborhood, was purchased for $17.150 million. Devin Rowland, MSRE, CCIM; Nate Gautsche, CCIM, Sean Mason, CRER (Chicago Real Estate Resources, Inc.); Kyle Kalkofen, Melissa Ambrose-Gora, JPMorganChase; Wildwood Investments Limited #cre #multifamily

Congratulations to Altitude Capital Partners on starting demolition and clearing the way for a great-looking 37-unit development. It was a pleasure to assist the previous owner in listing and selling this site, and I'm thrilled to see the project moving forward.

Steven Rapoport, CCIM with CRER is excited to announce the successful closing of a sealed-bid auction for a #DistressedOffice building at 200 E Northwest Hwy, #Palatine, IL 60067. This property faced several challenges, including low demand for office spaces, years of vacancy, and the need for extensive renovations. To overcome these obstacles, Steven guided his client through a strategic #SealedBidAuction process, which resulted in a successful sale. Sealed-bid auctions are particularly effective for distressed properties, helping sellers quickly identify the highest and best offers while maximizing competition and speeding up the sales timeline. CRER offers a range of auction services beyond traditional brokerage. For more information, visit our auction services page. https://lnkd.in/gXzNGEk2 #CRER #CRERChicago #Auction #CREAuction #CommercialRealEstate #Distressed #Investment

Offered by Tuyen Nguyen, CCIM This is a rare opportunity to acquire a piece of history on Chicago's Argyle Block, now available for sale for the first time. Located in the West Argyle Street Historic District, these properties blend historic charm with modern development. Known for its early 20th-century architecture and vibrant Southeast Asian cultural scene, including numerous Asian restaurants and businesses, this area is a prime investment destination. The offering includes two properties, each on a 50 x 125.25 lot. The West building features two ground-level restaurants, an upper floor with seven office spaces, and a rear parking lot for 18 vehicles. The East building houses the Chinese Mutual Aid Association, while the adjacent unit, formerly Café Hoang restaurant, is currently vacant. Recent upgrades, including a $6 million streetscape project and the upcoming Lawrence to Bryn Mawr Modernization (LBMM) Project (completion expected by 2025), will enhance walkability, community engagement, and transit access. The property is also conveniently close to the lakefront and offers easy access to downtown via Lake Shore Drive (US 41). Grants and Tax Incentive Programs: Class L Property Tax Incentive Hollywood/Sheridan Tax Increment Financing (TIF) Equitable Transit-Oriented Development (ETOD) Policy Plan Chicago Development Grant More info: https://lnkd.in/gHgCYbYr https://lnkd.in/gpDHbMHQ For pricing and details: https://lnkd.in/gwCxPEgx For more information connect with Tuyen @ (773) 879-0713 or TuyenN@crer.com #CRER #CRERChicago #UptownChicago #ChicagoRealEstate #CRE #CommercialRealEstate #ChooseChicago

Nate Gautsche, CCIM and Sean Mason facilitated the off-market sale of 3421 N Ashland in Chicago’s Southport Corridor for $17,150,000. This new construction, 53-unit, luxury apartment building offered an attractive unit mix of studios, 1BR and 2BR apartments in a high barrier to entry market. The building features excellent amenities including an expansive roof deck, gym, dog walk, and co-working space. 10% of units are designated as affordable at 60% AMI under Chicago’s Affordable Requirement Ordinance (ARO). Read full article: https://lnkd.in/gRpevXJn #CRER #CRERChicago #ChicagoRealEstate #InvestmentRealEstate #LakeViewChicago #SouthportCorridor 

Just Listed by Sean Mason 97 & 104 Skokie Valley Rd. Lake Bluff, IL 60044 #CRER presents this opportunity to purchase a two-building industrial portfolio on nearly two acres of land in Lake Bluff. The properties are ideally located at IL Rte. 41 and IL Route 176 in desirable Lake County. The warehouse portions are heated throughout and feature mostly 18’ clear ceiling heights. Visit the listing page for more details and to download the OM. https://lnkd.in/g6X2djY5 #CRERChicago #LakeBluff #IndustrailRealEstate

Just listed by Tuyen Nguyen, CCIM Located in the #Historic #MotorRowDistrict of Chicago, this property offers a unique blend of historic charm and modern convenience. https://lnkd.in/gJj34hC8 Once the heart of the automobile industry, #MotorRow is known for its stunning early 20th-century architecture, including beautifully restored buildings that combine classic design with contemporary amenities. Situated in the vibrant #SouthLoop sub-market, the area retains its historic allure with landmark showroom buildings showcasing intricate stonework and ornate facades. Just minutes from downtown, Motor Row is ideally positioned near major attractions such as #McCormickPlace, the #MuseumCampus, #GrantPark, #MillenniumPark, and #Chinatown. The property benefits from excellent connectivity, with direct access to the I-55 Expressway, Lake Shore Drive, and the #CTA Cermak Green and Red Line train stations, making it a prime location for both commercial and residential opportunities. #CRER #CRERChicago #ChicagoRealEstate #CommercialRealEstate #HistoricDistrict #NearSouthSide

CRER senior directors Steven Rapoport, CCIM and Timothy C. Keenan expertly managed the transaction of this 17-unit apartment building located at 8039 S King Drive in the Chatham neighborhood of #Chicago, showcasing their extensive expertise in handling multifamily investments. Prior to its sale, CRER was not only managing the property but also served as the court-appointed receiver, ensuring the building was maintained and operated efficiently during the transition period. The management and strategic positioning made this property a compelling investment opportunity. https://lnkd.in/gMh-PKb7 #CRER #CRERChicago #Multifamily #InvestmentSales #Receivership #PropertyManagement

Happy Labor Day!

Steven Rapoport, CCIM Sells Commercial Property in Edgewater, #Chicago.