Prairie Shores

Prairie Shores is a 1,675 unit community located less than half a mile from both Lake Michigan and Chicago’s flourishing South Loop. The Property sits on 20 acres of land and was originally developed from 1957-1961 by Draper and Kramer.

Prairie Shores residents enjoy its central and convenient location to local job centers, schools, entertainment options and access to transit. The two largest employers for the Property are the Illinois Institute of Technology and Mercy Hospital, both of which are within walking distance. Together these institutions provide approximately 39% of the resident demand. The remaining demand is split between employers downtown (25%), the suburbs (21%), the Illinois Medical District (9%) and Hyde Park (3%). The reason the Property can draw from such a wide array of job centers is its access to mass transit. The Metra Electric District (ME line) is adjacent to the site (27th Street). Commuters can travel downtown or to Hyde Park in under 15 minutes. Rounding out the draw for the submarket are its many attractions including Lake Michigan, Burnham Park/31st Street Beach, and the Museum Campus which includes the Field Museum, Soldier Field, the Planetarium and the Shedd Aquarium.

Planned renovations are rooted in amplifying the strong community that resides at Prairie Shores. Renovation Scope includes a new construction, stand alone clubhouse building, interior unit renovations, corridor and lobby refresh, elevator modernization, and landscaping.

Location

Chicago, IL

Website

prairieshores.net

Leasing

Leasing and Property Management: 

Golub Realty, LLC 

866 983 2024

  • Asset Class: Multifamily (Workforce Housing)
  • Development Type: Value Add
  • Size: 1,016,500 SF, 5 Buildings, 20 Acres, 1,675 units
  • Architect: Gensler (Clubhouse) and Kaufman O’Neil (Unit Interiors)



  • 1950s Post Modern Architectural Appeal
  • Renovations are rooted in amplifying the community
  • Renovation Scope includes new construction, stand alone clubhouse building, interior unit renovations, corridor and lobby refresh, elevator modernization, and new landscaping.