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Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), as sole and exclusive agent, has been retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a premier real estate portfolio located at 3123 & 3130-3142 N. Clybourn Ave in Chicago, Illinois (“the Portfolio”).
The Portfolio is an infill development and adaptive reuse opportunity in one of the most desirable areas in the city of Chicago for young families and professionals to live, work and play. The building at 3123 N Clybourn is currently improved as a 19,394 square foot office building originally built in 1981 and most recently renovated in 2012 on a 12,500 square foot site. 3130 N Clybourn is a 6,858 square foot building on 3,125 square feet of land. In addition to the two buildings, the Portfolio includes 18,138 square feet of excess land currently utilized for parking.
The current zoning is split between C1-2 and C1-3 designation within the Neighborhood Commercial District. The existing buildings at 3123 & 3130 N Clybourn are zoned C1-2 and the parking lots are entitled C1-3 with a 3.0 FAR.
- Desirable Lakeview Demographics
- Adaptive Reuse Potential
- Favorable As-of-Right Zoning