The Medallion Lakeview — Sale in Chicago, IL

  • Price: $170K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60657
  • Size: 90,490 SF
  • Year built: 1928

Photos

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Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present The Medallion ("The Property"), a boutique, luxury 72-home apartment community located in Chicago's sought-after Lakeview neighborhood. The property was transformed from a parking garage into apartments in 2023 and now consists of studios, one-bedroom, and two-bedroom layouts. All units feature brand-new, upscale interior finishes. Between the rooftop sundeck, fitness center, garage parking and 100% occupied on-site retail, residents benefit from an all-inclusive, luxury experience. The Medallion enjoys a premier location in the dynamic Lakeview submarket, positioned on bustling Broadway Avenue and adjacent to Lake Michigan. The property offers residents immediate access to a vibrant array of dining, shopping, and recreational activities, with convenient public transit to downtown Chicago's employment centers. This attractive live-work-play environment appeals to a diverse resident base including young professionals and students. This incredible investment opportunity is available free and clear.

Market Context

This multifamily in Chicago, IL is listed for sale at $170,000 across 90,490 SF. The building dates to 1928. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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