1900 W Lawrence Ave

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Excellent Micro Location on Ravenswood’s Most Vibrant Corner

Steps from national and local retailers such as LA Fitness, Starbucks, and Mariano’s (grocery)
Immediate walk to Ravenswood Metra stop and Damen Brown Line, providing commuters with downtown access within 20 minutes
100% occupied retail at the property, including DeVry University and Club Pilates

Appealing to Affluent Young Professionals & Families Seeking Spacious Living and Urban Convenience

Caters to renters seeking spacious living who are priced out of homeownership – Average household income within 0.5 miles is $141K, while average home values are $620K, making homeownership unattainable for most
Ideal floorplans for tenants seeking more space without compromising on budget – Rent at comparable properties and unit sizes in Lincoln Park/Lakeview is 27% higher per month, making Ravenswood an ideal location for tenants seeking spacious layouts and urban convenience at a lower cost
Most desirable option in the area – 1900 W Lawrence offers the largest floorplans in the competitive set, averaging 26% larger than nearby properties. Lofty layouts are also available, providing unique, spacious living options at a discount

Supply/Demand Imbalance: Growth in High-Income Renter Households Vastly Outpacing Supply

Stagnant supply with double-digit growth in high earners – No new units are planned within a half-mile radius through 2029, while the population of renters earning over $100K is expected to grow by 12.2%
Shortage of new product – By 2029, total inventory built after 2015 will only accommodate 18% of renters earning $100K+

Favorable North Lakefront Neighborhood with Robust Fundamentals

Located in the North Lakefront multifamily submarket – While this is the largest submarket on Chicago’s Northside, as of Q1 2025, only 320 units are under construction
Robust fundamentals – The submarket consistently demonstrates strong demand fundamentals, with a vacancy rate of 4.2%, which is 200 basis points below pre-pandemic levels, and rent growth 40 basis points above the Chicago market average of 3.1%