Cushman & Wakefield Brokers $28M Receivership Sale in Ravenswood
Cushman & Wakefield brokered the $28.45 million sale of 1900 W Lawrence, a boutique luxury mixed-use property with 59 multifamily units and over 19,000 square feet of ground-level retail space in Chicago’s Ravenswood neighborhood.
Located at 1900 W. Lawrence Ave., the property is a former Sears store that was redeveloped in 2021. At the time of sale, the building’s retail space was 100% occupied, and the residential units were 94% full.
Cushman & Wakefield’s Jack Maloney and Brad Smith, managing directors, represented the seller, Matthew Tarshis from Frontline Real Estate Partners, a court-appointed receiver in the matter.
The four-story property includes a mix of modern residential one-, two- and three-bedroom floor plans, with the second floor consisting of townhome-style units with 20-foot ceilings. Situated steps from national and local retailers such as LA Fitness, Starbucks and Mariano’s grocery, the property is located less than one block from the Ravenswood Metra stop and two blocks from the Damen Brown Line.
Join us on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout