Multifamily N Illinois

New construction opportunity in Old Town

Essex Realty Group has been exclusively engaged to market for sale The Northland at 1550 N. Wieland in Chicago. The 61-unit mixed-use property in the city’s Old Town neighborhood presents a rare opportunity to acquire a large luxury new construction apartment building in the heart of Old Town.

The units feature high-end finishes, laundry in-unit and unique details that please a modern renter including strategic USB outlets, in-unit Sonos speakers and Nest thermostats, plus a Butterfly MX Smart Intercom at the property entry door. Additionally, The Northland features a rooftop deck with grilling stations and sweeping views of Chicago’s entire skyline and lakefront. The rooftop deck is also home to a fenced dog run and play area with turf.

The property features 2,150 square feet of restaurant space occupied by Two Lights Seafood & Oyster Co., developed by LG Development and designed by Northworks Architects. The building is nestled between the Lincoln Park and Gold Coast/River North neighborhoods and is just three blocks west of Chicago’s lakefront park Lincoln Park and just three minutes walking distance to the Sedgwick CTA station servicing the Brown and Purple lines.

The new, $16 million structure went up on a previously demolished, three-story property. Developed by JAB Real Estate, the 43,680-square-foot, brick and limestone-clad building was designed by Chicago-based Space Architects + Planners.