Description

1020 West Lawrence, also known as the Lawrence House, is a twelve-story corridor-style apartment building, located in Chicago' s Uptown neighborhood. The property has three hundred and seventy-three (373) apartments and five (5) retail tenants. The ground floor retail is currently occupied by two offices, a restaurant, a deli and a pharmacy.
The Lawrence House is comprised of three-hundred and fifty-nine (359) studios, thirteen (13) one-bedrooms and one (1) two-bedroom two-bathroom penthouse apartment. Each apartment is furnished and includes a weekly maid service that provides fresh linens and light cleaning.
The property currently operates as senior housing, servicing a large market seeking clean, affordable and well-located apartments for senior citizens. Although nearly 85% of the current tenants are over 55 years of age, the Lawrence House is not licensed nor restricted to lease to senior citizens. However, as it currently operates, many of its amenities appeal to elderly adults seeking an environment that promotes community cohesion.

Conveniently located on the shores of Lake Michigan, Uptown was originally developed as an affluent resort area that served as a tranquil oasis away from the hectic city life. It was a popular destination to movie stars of Chicago' s silent film era which is evidenced by the numerous destinations for music and the arts. Landmarks like the Aragon Ballroom, Riviera Theatre, Uptown Theatre and Green Mill Jazz Club hold deep historic, architectural and cultural significance and are still frequented today.
Uptown borders Lakeview to the south, Edgewater to the north and Ravenswood to the west. It includes beautiful sub-neighborhoods such as Buena, Margate and Sheridan Park. The Uptown neighborhood has experienced a wave of high-end renovation, beautification and development during the past few years. The area has seen a significant amount of apartment supply converted to condominiums. This reduction in the supply of rental housing has had a positive impact on incomes and values.