River North Park_Propriété à vendre
River North Park_Propriété à vendre

River North Park

320 West Illinois Street, Chicago, IL, 60654, US

Descriptif

Jones Lang LaSalle Americas (Illinois), LP is pleased to present River North Park (the “Property”), a stunning 400 home, high-rise apartment building located in Chicago’s renowned River North neighborhood. The property is located just minutes from Chicago’s top employers, world-class retail at Magnificent Mile, and premier entertainment venues.


Rising 24 stories above the bustling streets, River North Park boasts expansive views of the downtown cityscape and features top of the line amenities. The property offers a mix of layouts from studios to two-bedroom and townhome units. With 44% of units having been renovated to full scope achieving strong premiums, investors have the opportunity to further capitalize on the remaining 56% by modernizing the remaining units. Additionally, Chicago’s stellar market fundamentals allow for the potential to push rents further with an incredible renter demographic, strong rent-to-income ratios, and a muted supply pipeline.

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Attributs

Nombre d'unités
400
Année de construction
1987
Places de parking
211

Média

Points forts de l'investissement

  1. IRREPLACEABLE PROPERTY
  2. $4.2 M in CapEx Spent on Unit Renovations and $6.5 M in CapEx Spent on Building Improvements
  3. Rare Direct Access Townhomes (20 units)
  4. 100% Market Rate Units
  5. Significant Discount to Replacement Cost
  6. SIGNIFICANT VALUE ADD UPSIDE
  7. Value Add & Income Upside through Unit Enhancements
  8. 56% of Units to be Renovated
  9. Verifiable Value-Add Premium: Classic to Full Upgrades Yield $270+
  10. Rent Value Option Surrounded by More Expensive Competition
  11. ENVIABLE RIVER NORTH LOCATION
  12. Immediate access to Chicago CBD & Chicago’s Top Employers
  13. Convenient access to the financial district and public transit
  14. Abundant dining and nightlife
  15. STRONG AREA DEMOGRAPHICS
  16. 150% Population Growth in River North Since 2010
  17. 88% Bachelor's Degree or Higher in River North
  18. Avg. HHI is $190k in River North
  19. Median Age is 33 in River North
River North Park 4_Propriété à vendre
River North Park 4_Propriété à vendre

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Dernière mise à jour
26 mars 2026