CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1020 W. Lawrence Avenue- (The Lawrence House) a 12-story apartment building located in Chicago’s Uptown neighborhood. Situated on the northeast corner of Kenmore and Lawrence Avenues, the property contains 371 apartments and five (5) commercial spaces.
The Lawrence House has currently operated as a Quasi-senior housing complex appealing to elderly adults seeking a living environment that promotes community cohesion. Each apartment is furnished and includes weekly maid service that provides fresh linens and light cleaning.
The Lawrence House is comprised of 23 sleeper units, 334 studios, 13 one-bedrooms and one (1) two-bedroom/two-bathroom penthouse apartments.
Doug Imber, Matt Welke and Doug Fisher of Essex were the brokers in the transaction. The price was approximately $7,500,000.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. Since its founding in 1990, Essex has carved a unique niche, focusing exclusively on the brokerage of investment properties valued between $1 million and $30 million, with a strong emphasis in multi-family, retail and shopping center sales.
Our specialization enables us to track and interpret market data quickly, thoroughly and accurately. Utilizing this information, we are able to provide our clients with guidance on property valuations and effective marketing strategies. Our goal is to maximize both property selling prices and buying opportunities, yielding an unmatched rate of customer satisfaction. This success is evidenced by the fact that nearly half of our business is with repeat clients, including many of Chicago's top real estate investors.