Luxury Lakeview Apartment Building Latest to Hit the Market

Posted by Helaine Cohen on Friday, October 26th, 2018 at 9:44am.

Halsted Flats Building For SaleOne of Lakeview’s most prominent luxury apartment buildings has hit the market, according to a new report from Crain’s.

Developed as a joint venture between JDL Development and Harlem Irving, the luxury apartment building dubbed Hasted Flats, which is located at 3740 N. Halsted and houses 269 apartment residences, is just the latest high-profile rental building to hit the market as competition throughout Chicago continues to increase.

According to data from Integrea Realty Resources, more than 15,000 apartment units have been delivered over the past five years and developers will also be completing another 11,600 units through 2020.

It’s still uncertain what the asking price for Hasted Flats is right now, but the average rent inside the building is $2,499 per month and the building is currently 94 percent leased.

Helaine Cohen, Chicago Real Estate Broker

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