100 S Ashland Ave
Property Overview: 100 S Ashland Ave
Building Name & History: Known historically as the former Wieboldt's Department Store building, the structure was originally built in 1933.
Current State: Today, the 6-story building operates as Paramount Lofts (and is sometimes referred to as the Stadium Artists Lofts). It features roughly 207 residential condo/apartment units.
Location: Located on the Near West Side of Chicago, just blocks from the United Center and medical district.
Deal & Property Specifications
Location: Chicago, Illinois
Property Type: Residential (Adaptive Reuse Loft Conversion) (Originally constructed in 1933 as a heavy industrial/commercial structure for the Wieboldt's Department Store).
Investment Period: 1994 – 2006. Liskor Properties first took control of the site in 1994. Following a brief structural ownership gap, they bought the asset back in 1996 to complete the multi-family phase. Individual residential condo titling and final unit liquidations wrapped up between 2005 and 2006.
Property Size: 6 stories containing 207 residential condo units ranging between 594 to 1,600 square feet each.
Investment & Valuation: While historical 1990s structural shell acquisition figures remain shielded in private equity records, the project's macro scale is reflected in aggregate asset values. Individual unit sales throughout the mid-2000s completion window averaged $200,000 to $450,000+ per door depending on layout, pushing the gross stabilization value of the completed complex past $50 Million.