CRER has been exclusively retained to market Topaz Apartments, a newly constructed, 53-unit multifamily investment located at 3415–25 N. Ashland Avenue in the heart of Chicago’s highly sought-after Southport Corridor.

Delivered in 2022, Topaz is a boutique-style multifamily property offering residents a best-in-class living experience with amenities comparable to a high-rise, while benefiting from lower density and a more intimate residential environment. The property is strategically positioned in the Southport Corridor, within a short walk of both the Paulina and Southport CTA Brown Line stations. Residents enjoy immediate access to Whole Foods, multiple fitness clubs, and a dynamic mix of dining, shopping, and entertainment options, including Little Goat, GG’s Chicken Shop, Coda di Volpe, Hotel Chocolat Café, Vuori, Madewell, Lululemon, J.Crew, Sephora, the Music Box Theatre, Metro, and Wrigley Field.

Topaz features a thoughtfully designed amenity package including a resident lounge and co-working space, fully equipped fitness center, storage lockers, bike storage, a fenced-in dog run, and a best-in-class rooftop deck with fire pits, televisions, outdoor kitchen, restroom, and grilling stations. Eleven first-floor units feature private fenced patios, while 21 upper-level units offer private balconies. The property also includes 16 off-street parking spaces, further enhancing its appeal to renters.

Topaz has been approved for the Affordable Housing Special Assessment Program (AHSAP), providing a 25% reduction in assessed value for ten years beginning in the 2025 assessment year, with 15% of the units complying with Chicago’s ARO requirements. The initial 10-year term includes the ability to renew for up to two additional 10-year periods, offering meaningful long-term tax efficiency and enhanced cash flow stability.