Steven Rapoport with CRER (Chicago Real Estate Resources, Inc.) represented the buyer, Base 3 Development, in the acquisition of a 7,800 Sq. Ft. development site at 2042-2046 W Irving Park Rd in the desirable North Center neighborhood of Chicago.
The buyer added value to the transaction by successfully up-zoning the property to allow for development of a 20-unit building comprised of a mix of large studio, 1-bed, 2-bed and 3-bed apartment units with 10 indoor parking spaces.