CRER is pleased to announce the recent sale of a multifamily property in Lincoln Park, Chicago. This property, held by one owner for over 70 years, represents a rare opportunity in one of Chicago’s most desirable neighborhoods. Listed by Ian Luscombe and assisted on the buy side by Steven Rappaport. This property offers a prime opportunity for the development of luxury apartments, presenting a unique investment prospect. https://www.crer.com/wp-content/uploads/2024/05/Luscombe-Rapoport-Superior-Sale.mp4   The new buyer plans to redevelop the existing units into luxury apartments, aiming t ..read more

Chicago, IL – CRER’s (Chicago Real Estate Resources, Inc.) Finley Askin represented the buyer and seller in the sale of 6236 S King Dr, a 36-unit multifamily property located in Chicago’s south side neighborhood of Washington Park. The property sold for $2,700,000 or $75,000 per unit. The buyer closed all cash within 45 days. Located near a CTA Green Line station, the property offers excellent connectivity to public transportation. The property is just minutes away from the bustling Hyde Park area, the University of Chicago, Jackson Park, and the picturesque lakefront, enhancing its value as a ..read more

CRER is happy to announce a commercial real estate sale in Logan Square, specifically at 3050 W. Diversey Pkwy, Chicago, IL. This property, which includes a laundromat, was expertly navigated to sale by Shayn D’Orazio and Steven Rapoport, CCIM. Property Overview Nestled in the heart of Logan Square, this property presented a unique opportunity for investors and developers. The highlight of this sale was a 3,245-square-foot, single-story building, operating as a thriving owner-operated laundromat. Its prime location, a 7-minute walk from the Logan Square Blue Line, combined with the significant ..read more

CRER recently completed the sale of a notable building located at 1926 N. Humboldt Boulevard, Chicago, IL for $2,150,000. This transaction, facilitated by Senior Director Ian Luscombe, stands out for being directly on the Boulevard, a prime location. Ian represented both the buyer and seller, leveraging his market insight to ensure a smooth process. The building, currently vacant, is set for kitchen and bathroom updates. Its desirable location directly on the Boulevard enhances its value. This sale highlights Ian’s capabilities and marks an important moment for the Humboldt Park area, reflecti ..read more

CRER (Chicago Real Estate Resources Inc.) is thrilled to announce our latest property management assignments, expanding our portfolio into some of Chicago’s most vibrant neighborhoods. Your browser does not support the video tag. CRER is dedicated to delivering unparalleled excellence in property management, enhancing investment value, and elevating tenant satisfaction across our portfolio. We are proud to introduce our recent assignments, which exemplify our commitment to providing bespoke management solutions.   Lincoln Park: Premier Residential Offering Located in the vibrant Lincoln P ..read more

CRER is happy to announce a commercial real estate sale in Logan Square, specifically at 3050 W. Diversey Pkwy, Chicago, IL. This property, which includes a laundromat, was expertly navigated to sale by Shayn D’Orazio and Steven Rapoport, CCIM. Property Overview Nestled in the bustling heart of Logan Square, this property presented a unique opportunity for investors and developers. The highlight of this sale was a 3,245-square-foot, single-story building, operating as a thriving owner-operated laundromat. Its prime location, a mere 7-minute walk from the Logan Square Blue Line, combined with t ..read more

CRER has been engaged to lease the ongoing redevelopment of 1756 N Kimball Ave in Humboldt Park and has now completed 7 leases. The property features a mix of available floor plans on the first and second floors adjacent to the 606 Bloomingdale Trail. New suites are now available ranging from flex industrial with storefront access on both Kimball and Bloomingdale Ave to creative office space on the 2nd floor. Available suites range from 1,148 to 5,000 SF. At over 50,000 SF, this former wire company has been transformed into a one-of-a-kind multi-tenant building in one of Chicago’s most diverse ..read more

Nate Gautsche represented a private investor in the acquisition of a 6-unit multifamily property located at 2646 N Orchard Ave, Chicago. This was a rare opportunity to acquire a fully leased asset on one of Lincoln Park’s best streets at a sub 10 GRM with value-add upside and assumable debt at 4.20%. Nate is actively seeking similar opportunities on behalf of clients in prime locations throughout Chicago. Assumable debt was provided by Chase, insurance was provided by 235 Insurance and the property will be professionally managed by CRER. If you are looking to invest in the Chicago market or ne ..read more

Sean Mason represented the buyer in a $3,117,000 purchase of a vacant industrial building in the Kinzie Industrial Corridor. The buyer, who was in an exchange, owns a modern art gallery in West Town and intends to retrofit this property into artist studios and workspaces. The buyer also recognized the value in acquiring a property that would trade for nearly twice the price a mile east. As development continues to push west from Fulton Market, the appreciation potential of the asset, coupled with the owner/user utility, made this a home-run acquisition for the buyer. The Kinzie Industrial Corr ..read more

Sean Mason with CRER Represented the purchaser, a local real estate attorney, in this transaction. Sean successfully negotiated a pre-auction deal, eliminating uncertainty for the buyer. The properties consists of 9 parcels containing a total of .75 acres with more than 300 feet of frontage on Irving Park Road. 4828-38 W. Irving Park Rd. Chicago, IL 60641 4854-66 W Irving Park Rd. Chicago, IL 60641   Despite significant issues with the properties, including a pending eviction case, the buyer recognized the long-term strategic value in acquiring substantial Irving Park frontage steps fro ..read more