Mixed-Use Multifamily
1242 W Lawrence Ave Chicago, IL 60640
New
Mixed-use building with 54 residential units and two commercial spaces along West Lawrence Avenue.
Type:Mixed-Use
Property size:
40,422 SFPrice / SF:
$476/SF- Added:
- Jul 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 10 at 2:06 am
Property Features for 1242 W Lawrence Ave
General Information
- Standard status
- Active
- Size
- 40,422 SF
- Property subtype
- Mixed-Use
Listing office Marcus & Millichap | Chicago Downtown (312) 327-5455
Listing date Jul 10, 2026
Source Marcusmillichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Chicago Downtown
Investment Insights
Based on property information with market context.
The Balaban at 1242 West Lawrence Avenue is a mixed-use multifamily asset featuring 54 residential units and two commercial spaces. The residential component includes 9 studio units, 37 one-bedroom/one-bath units, 4 two-bedroom/one-bath units, and 4 two-bedroom/one-and-a-half-bath units, creating a diversified unit mix within a single ownership structure.
The property is positioned along West Lawrence Avenue in Chicago’s Uptown neighborhood, providing street frontage on a major commercial and transit corridor. The location is described as offering strong visibility and walkability, with proximity to CTA Red Line access and neighborhood retail and dining along Broadway and Lawrence.
As presented, the building’s scale and combined residential and commercial income components are intended to support stable operations in an established North Side submarket.
The property is positioned along West Lawrence Avenue in Chicago’s Uptown neighborhood, providing street frontage on a major commercial and transit corridor. The location is described as offering strong visibility and walkability, with proximity to CTA Red Line access and neighborhood retail and dining along Broadway and Lawrence.
As presented, the building’s scale and combined residential and commercial income components are intended to support stable operations in an established North Side submarket.
Key Highlights
- Mixed‑use multifamily building at 1242 W Lawrence Ave in Chicago’s Uptown neighborhood
- Comprises 54 multifamily units plus 2 commercial spaces along West Lawrence Avenue
- Unit mix: 9 studios, 37 one‑bed/one‑bath, 4 two‑bed/one‑bath, and 4 two‑bed/1.5‑bath
Property Analytics
Location Intelligence
Current Use by Public Records
Continuum Capital Funding
Bank
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FAQs
What type of property is this?
Apartment building - Mixed-use building with 54 residential units and two commercial spaces along West Lawrence Avenue.
Where is this apartment building located?
The property is located at 1242 W Lawrence Ave Chicago, IL.
What is the asking price?
The asking price for this property is $19,250,000.
What are key features of this property?
This property features: Mixed‑use multifamily building at 1242 W Lawrence Ave in Chicago’s Uptown neighborhood; Comprises 54 multifamily units plus 2 commercial spaces along West Lawrence Avenue; Unit mix: 9 studios, 37 one‑bed/one‑bath, 4 two‑bed/one‑bath, and 4 two‑bed/1.5‑bath
