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.
Active Units
Units under development
Million in Value
Million Invested
501 W Elm St | Dallas
Located in the historic West-End district of Dallas, TX, 501 W Elm is 3L’s 1st project outside of the greater mid-west. Formally creative and technology offices, 501 Elm was acquired by 3L in late 2021 and will undergo a full renovation to open as multi-family apartment housing.
Apartments: 120-140
Square Footage: ~137,000
Project Budget: Coming Soon
5401 S Cornell Ave | Chicago
Located on the south side of Chicago, in historic Hyde Park, 5401 S Cornell is a 10-story apartment building. Formally the Catholic Theological Union headquarters, it was acquired by 3L in late 2021 and will undergo modest renovations to open in the spring of 2022.
Apartments: 163
Square Footage: ~91,000
Project Budget: Coming Soon
401 W Michigan Ave | Milwaukee
Located in downtown Milwaukee, WI, 401 W Michigan, ‘The Buckler’ is an 11-story apartment building. Previously Blue Cross Blue Shield’s Wisconsin headquarters, it was converted to high-end apartments in 2015, and acquired by 3L in 2021.
Apartments: 207
Square Footage: ~250,000
Project Budget: Coming Soon
740 N Plankinton Ave | Milwaukee
Acquired in May of 2021, 740 N. Plankinton Avenue is an 8-story office building located in Downtown Milwaukee. 3L will convert the building into RiverWalk Lofts, a mixed-use residential development featuring unique amenities including a roof top overlooking the Milwakee RiverWalk.
Apartments: 133
Square Footage: 82,000
Project Budget: Coming Soon
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, has undergone essential renovations and is now apartments open 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 apartment complex open to the public with amenity spaces, including a large central lounge, and a game 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 amenity spaces, including a spacious lobby, 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 amenity spaces.
Apartments: 81
Square Footage: 35,000
Project Budget: $3M