Objektbeschreibung
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present The Deco, a rarely available opportunity to acquire a generational 389-home luxury lakefront apartment community perfectly situated in Chicago’s vibrant Gold Coast neighborhood. The waterfront property offers residents breathtaking views, encapsulating design, and desirable amenities promoting a life of luxury and incomparable convenience, including immediate access to Chicago’s 18-mile lakefront trail, Magnificent Mile, Navy Pier and Gold Coast’s famous nightlife scene.
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Eigenschaften
Vermietungsstand
93,00 %
Baujahr
1929
Gebäudefläche Brutto
15.608 m²
Medien
Investment-Highlights
Irreplicable Lakefront Asset
- A combination of old-world charm & new-world luxuries in a mesmerizing Art Deco building
- Unobstructed panoramic lake and skyline views
- Convenient floor plan optionality from studios to 3 bedroom homes
- Newly renovated apartments
- Completely refreshed amenities
- Iconic Lake Shore Drive address
Lavish Gold Coast Location
- Steps from the lakefront and Gold Coast’s vibrant entertainment scene
- Affluent Gold Coast Neighborhood residents earn an impressive household income of $198K
- Dynamic Live-Work-Play location
- Plethora of transportation options (CTA train and bus lines, bike rental stations, direct parkway access)
Generational Opportunity
- Verified in-place value-add upside achieving ~$390 (25+% premiums over in-place rents)
- No future lakefront supply pipeline
- Available at a significant discount to replacement cost
- Unmatched high barrier address
- Rarely available asset on the lakefront in Chicago’s Gold Coast neighborhood
Makler kontaktieren
The Deco (0 Objekte)
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Zuletzt aktualisiert
9. März 2023
