Intelligent neighborhood revitalization: Chicago parking structure becomes transit-friendly, trail-connected affordable housing

On August 18, 2023, leasing company Luxury Living</strong kicked off leasing for The Medallion in the Lakeview neighborhood of Chicago, Illinois.

The Medallion, located at 3121 N. Broadway Street, is a newly redeveloped boutique apartment building with floor plans ranging from studios, convertibles, one-bedroom, and two-bedroom apartments.

The parking structure, prior to transformation. Photo via Google Maps.

Luxury Living was engaged by JSM Venture to lease and market the property.

The 72-unit apartment building is now leasing studios starting at $1,875 and one-bedrooms starting at $2,195.

Select apartments are available in accordance with the City of Chicago’s Affordable Requirements Ordinance (ARO).

The Medallion is transit-friendly, situated in an ideal location just steps from Lake Michigan and the Belmont red, brown, and purple lines, near some of the best shopping, dining, and recreation Lakeview has to offer.

“The location of the property is fantastic, so we knew it was an investment worth making for our team,” said JSM Venture CEO John Mengel.

We’ve added a two story addition and roof deck on top of a five-story parking garage making it into a 72-unit apartment building in the heart of Lakeview, and we can’t wait for residents to experience the lifestyle of The Medallion,” he added.

Luxury Living has now revealed a first look at the community’s residential offerings with interior photography.

As seen in the first-look interior photos, The Medallion offers residents a boutique living experience.

From walk-in closets and built-in desks to private balconies, each home in the community provides the space and amenities for residents to live an elevated lifestyle in Lakeview.

Additional apartment features include in-unit washer and dryer, Quartz countertops, GE appliances and soft-close cabinetry.

Building amenities include easy access to public transportation, on-site personal parking, a fitness center and a rooftop deck with lounge areas featuring a fire pit, gas grill and stainless steel prep table.

The ground floor of the building is anchored by Intelligentsia Coffee and is in proximity to neighborhood conveniences like Marianos.

More importantly, it’s located just a few blocks from Chicago’s Lakefront Trail and stunning Lake Michigan,

Broadway Street is a hub for the best shopping, dining, and entertainment in Lakeview. Residents at the six-story community will be able to easily travel throughout the city with easy access to Chicago CTA options.

The Medallion is an ideal community for residents who want to find their home in Lakeview,” said Luxury Living co-founder and CEO Aaron Galvin.

When you combine the apartment and building amenities with the location, it’s everything we know renters want,” he continued.

Luxury Living is a vertically-integrated real estate company offering boutique residential brokerage services balanced with best-in-class multifamily consulting, marketing, leasing, and development.

Unless otherwise credited, all photos are courtesy of The Medallion.

See Luxury Living website.

See The Medallion website.

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