Centrum Lakeview

1714 W Roscoe St


Chicago, IL

Main

Year Built: 2016

Asset Class: A

Status: Available








Property Type

Mixed-use

Location

Lakeview

Units

53

Centrum Lakeview


Centrum is _**transforming**_ Lakeview. Home to _Wrigley Field_ and the **Chicago Cubs**, Lakeview is one of the **most sought out neighborhoods** in Chicago. Centrum Lakeview’s location, amenities and finishes are _the finest in Lakeview_. Located at the Paulina ‘L’ Station, Centrum Lakeview is the quintessential _**transit‑oriented development**_ for working professionals that desire a convenient, **luxurious lifestyle** while also surrounded by the local neighborhood aesthetic. _**Modern construction**_ is new to Lakeview. The average year built of the housing stock in Lakeview is 1935. While residents are dedicated to their locale, they’ve also yearned for _beautiful, luxurious living spaces with soaring ceilings and top-of-the-line finishes_. With that in mind, it’s no surprise Centrum Lakeview is achieving phenomenal rental income. The evidence is in the _$3.03 per square foot rents_ Centrum Lakeview is achieving. This far exceeds the net effective rents seen in even downtown, core sub-markets. These strong rents will only continue to grow in Lakeview, given that _**new development**_ remains nearly _impossible_. Amenities are key here, and they come twofold. First, the asset itself is well-amenitized for the number of units. Also, Centrum was strategic in its successful retail leasing program to bring in **retailers** that double as amenities to residents. _**Brown Bag Seafood Co.**_, _**Crosstown Fitness**_ and _**Impact Physical Therapy**_ are notable additions to the already established nearby Whole Foods, Starbucks and Walgreens. Centrum Lakeview is truly unique. Beautiful finishes, remarkable rents, highly-desirable demographics, an _**extremely walkable neighborhood**_ with grocers, restaurants, and coffee shops all located in a Transit Oriented Development.

Quick Facts:


- 94% occupancy - 53 units - Walk Score® 96 - Constructed: Oct 2016 (Building 1) Jul 2017 (Building 2) - Average size 744 sf - Average rent $2,251 - Average rent per sf $3.03

Asset Photos



Contact Sales Team



Todd Stofflet


Managing Partner

Todd Stofflet
Phone: 312.477.7004
Mobile: 312.622.2339
Email: todd@kigcre.com

Jason Stevens


Senior Director - Sales

Jason Stevens
Phone: 312.477.7012
Mobile: 312.608.6188
Email: jason@kigcre.com

Susan Tjarksen


Principal, Managing Broker

Susan Tjarksen
Phone: 312.477.7006
Mobile: 312.523.7617
Email: susan@kigcre.com