ON MARKET – MULTI-FAMILY
918 W. School St. Chicago, IL 60657
PRICE
Subject To Offer
NUMBER OF UNITS
142
CAP RATE
0%
PROPERTY LISTED

Essex Realty Group, Inc. is pleased to present for sale the newly constructed, 142-unit Panorama Apartments located in the heart of Chicago’s Wrigleyville neighborhood. Completed in 2021, Panorama consists of 140 apartments and 2 retail spaces (totaling 8,566 square feet). The property is situated less than ½ mile from Wrigley Field and Lake Michigan, and is steps from public transportation. Panorama boasts unparalleled skyline views, luxurious finishes and a breadth of amenities.

LOCATION DETAILS

Lakeview

HIGHLIGHTS
  • Premier Lakeview Location, Walking Distance to Belmont CTA Station, Southport Corridor and Lake Michigan
  • 142 Units with Desirable Unit-Mix Consisting of 35 Studios, 24 Convertibles, 40 One-Bed/One-Baths, 32 Two-Bed/Two-Baths, 4 Three-Bed/Two-Baths, 5 ARO Units, and 2 Retail Units
  • 8,566 SF of Total Retail Space, 5,000 SF of which is Leased to Salon Lofts Through 2033
  • Outstanding Amenities on Top Floor with Incredible Skyline Views
  • New Leases/Renewals During 2022 Averaged $3.67/NRSF, which Equates to a 20% Increase in Net Effective Rent from the Initial Lease-Up
LISTING BROKER
Rick Ofman
Director
773.305.4900