Crestwood Apartments

Crestwood Apartments, located at 525 N. Austin Boulevard, is a 6-story multifamily building in Chicago’s Austin neighborhood. The surrounding area features strong local demographics, with over 352,000 residents and an average household income exceeding $86,000 within one (1) mile of the property. Crestwood is conveniently positioned just over one (1) mile north of Interstate 290 (I-290) and only a couple blocks north of the Austin CTA “L” Station (Green Line), offering residents practical connectivity across the West Side and into Downtown. The property is also near a broad mix of national and local retail, including Walmart, Trader Joe’s, Whole Foods, Jewel-Osco, Aldi, Target, Walgreens, Menards, Old Navy, Burlington, Home Depot, Planet Fitness, McDonald’s, CAVA, Dunkin’, Wingstop, Lou Malnati’s, and Firecakes Donuts, among others. From a buyer perspective, Crestwood’s location aligns with core drivers of multifamily performance: transit access, highway connectivity, and everyday retail convenience. Proximity to the CTA Green Line and I-290 expands the renter pool to commuters who prioritize efficient access throughout the city, while the surrounding concentration of grocery, pharmacy, fitness, and dining options supports daily livability and resident retention. This combination of connectivity and amenities enhances the property’s leasing appeal and helps sustain demand for a mid-rise asset in an established Chicago neighborhood.Crestwood Apartments, located at 525 N. Austin Boulevard, features a six (6) story subsidized senior living apartment building on Chicago's West Side. Constructed in 1930, the 57-unit building sits on 0.34 acres and features a studio-heavy mix with 40 studio units, 16 1-bedroom units, and one (1) 2-bedroom unit. The building is 89% occupied and includes 19 parking spaces, an elevator, and on-site laundry. With all but one (1) unit subsidized through the CHA, Crestwood offers buyers the potential for durable, stable income supported by an established resident base. The property is well located near Interstate-290 (I-290) and the Austin CTA “L” Station (Green Line), providing for strong connectivity across the West Side and into Downtown Chicago.