2208 W Lawrence Ave
Chicago, IL 60625

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the development parcel at 2208 W Lawrence Ave (the “Property”) in Chicago’s vibrant Lincoln Square neighborhood. The Property features ±6,228 square feet of land that is ‘permit-ready’ to begin construction on a 10-unit apartment building. The property was reclassified with a Type-1 zoning amendment under the current B2-3 zoning to allow a 100% multi-family development. Standard B2-3 zoning requires a commercial unit on the ground level. The zoning covenant includes 1 affordable unit (“ARO”) and one unit to be rented to individuals who earn less than 100% Area Median Income (“AMI”). Located 7.5-miles northwest of Chicago’s CBD ‘Loop’, the Lincoln Square neighborhood is home to dozens of acclaimed restaurants and bars, attracting residents and visitors alike. The neighborhood has a rich background that can still be felt today in each of its historic buildings. The Property benefits from its excellent accessibility and walkability. It is located just a few blocks from the CTA Brown Line ‘L’ Station (2.12M annual passengers) and 0.5-miles from the Ravenswood Metra UP-N station. CTA bus route #81 (3.6M annual passengers) services the Property, with routes #49 and #50 sandwiching the Property to take residents north and south on Western and Damen. The area is surrounded by residential neighborhoods and offers the ideal density and demographics for commercial development. Within 1-mile, demographics include an average household income of $116,000+, an average home value of $457,000+, and a total population of 52,456.