1900 W Lawrence Ave

About 1900 W Lawrence Ave

Excellent Micro Location on Ravenswood’s Most Vibrant Corner

• Steps from national and local retailers such as LA Fitness, Starbucks, and Mariano’s (grocery)
• Immediate walk to Ravenswood Metra stop and Damen Brown Line, providing commuters with downtown access within 20 minutes
• 100% occupied retail at the property, including DeVry University and Club Pilates

Appealing to Affluent Young Professionals & Families Seeking Spacious Living and Urban Convenience

• Caters to renters seeking spacious living who are priced out of homeownership – Average household income within 0.5 miles is $141K, while average home values are $620K, making homeownership unattainable for most
• Ideal floorplans for tenants seeking more space without compromising on budget – Rent at comparable properties and unit sizes in Lincoln Park/Lakeview is 27% higher per month, making Ravenswood an ideal location for tenants seeking spacious layouts and urban convenience at a lower cost
• Most desirable option in the area – 1900 W Lawrence offers the largest floorplans in the competitive set, averaging 26% larger than nearby properties. Lofty layouts are also available, providing unique, spacious living options at a discount

Supply/Demand Imbalance: Growth in High-Income Renter Households Vastly Outpacing Supply

• Stagnant supply with double-digit growth in high earners – No new units are planned within a half-mile radius through 2029, while the population of renters earning over $100K is expected to grow by 12.2%
• Shortage of new product – By 2029, total inventory built after 2015 will only accommodate 18% of renters earning $100K+

Favorable North Lakefront Neighborhood with Robust Fundamentals

• Located in the North Lakefront multifamily submarket – While this is the largest submarket on Chicago’s Northside, as of Q1 2025, only 320 units are under construction
• Robust fundamentals – The submarket consistently demonstrates strong demand fundamentals, with a vacancy rate of 4.2%, which is 200 basis points below pre-pandemic levels, and rent growth 40 basis points above the Chicago market average of 3.1%