THE PORTFOLIO
Adding Value for All
3L’s acquisition, transformation, and management of its properties provides benefits to all. For sellers, 3L is a reliable buyer, offering a fair price and surety of performance; for tenants, 3L’s buildings provide the well-designed space, price point, surrounding amenities and proximity to transit (bus, air and rail) that are essential to the growing young, urban workforce; and for investors, 3L provides consistently strong returns, accurate modeling, detailed project management, and intuitive, transparent reporting.
Apartments
Million Invested
Million in Value
820 S Michigan Ave | Chicago
3L purchased 820 South Michigan in November 2017 and plans to perform a full renovation and maintain the character of the exterior. This designated historic landmark, long home to the Johnson Publishing Company, features views of Lake Michigan and Grant Park and is within walking distance to the Chicago CBD, major shopping districts, and cultural amenities.
Apartments: 150
Square Footage: 118,000
Project Budget: $37M
731 S Plymouth Court | Chicago
Located in the expanding South Loop submarket, 731 South Plymouth Court has long served as a student housing facility at Columbia College. The building, where students continue to reside during campus renovations, will eventually offer rehabbed apartments to the public.
Apartments: 96 (Beds: 375)
Square Footage: 152,000
Project Budget: $28M
735 W Wisconsin | Milwaukee
An adaptive reuse project, 735 West Wisconsin is a 12-story fixture in the heart of Westown. The nearly 141,000-square-foot tower is within walking distance of the Bucks Entertainment District, Marquette University, downtown Milwaukee transit systems, the Milwaukee CBD, and countless local attractions.
Apartments: 144
Square Footage: 106,000
Project Budget: $20M
61 E 21st Street | Chicago
Formerly known as the Yellow Cab Building, 61 East 21st Street is a six-story vintage building located in the emerging South Loop Corridor. 3L acquired the building in 2016 with plans for adaptive reuse. This project is located near a Marriott Marquis hotel and 10,000-seat arena that will host DePaul University basketball games and other events.
Apartments: 137
Square Footage: 103,000
Project Budget: $25M
5445 S Ingleside Ave | Chicago
5445 South Ingleside Avenue was originally built as a parish retirement home in 1920. Acquired and renovated by the University of Chicago in 1991, it is now a 49,609-square foot student housing complex with common spaces, including a full commercial kitchen, a large central lounge and dining room, a solarium, a game room and an assembly room.
Apartments: 123
Square Footage: 50,000
Project Budget: $4M
5540 S Hyde Park Blvd | Chicago
Built as a hotel in 1926 and purchased from the University of Chicago in 2016, 5540 South Hyde Park Boulevard is an 86,304-square-foot building with seven stories. The beachside building, an adaptive reuse project, offers large community spaces, including a spacious lobby, community kitchen and dining area, game room, library, computer lab, and exercise room.
Apartments: 187
Square Footage: 86,000
Project Budget: $8M
5748 S Blackstone Ave | Chicago
5748 South Blackstone Avenue, built in 1930 and acquired from the University of Chicago in 2016, is a 35,106-square-foot apartment building designed by architect Ralph D. Huszagh. The six-story building offers keyless entry, and large common area spaces.
Apartments: 81
Square Footage: 35,000
Project Budget: $3M