Centrum Lakeview is next to a CTA stop that allows residents to quickly reach downtown.

CHICAGO—The downtown apartment market attracts a lot of attention, and rightly so, but developments in outlying neighborhoods have also been quite successful. And Chicago-based Centrum Partners LLC has decided to test investors’ appetite for such outlying product by placing its Centrum Lakeview Apartments on the market. Located next to the Paulina “L” Station in Chicago’s Lakeview neighborhood, the 53-unit asset was one of the first approved projects under the City of Chicago’s transit-oriented development ordinance. It opened last October and tenants moved quickly to occupy most of its units.