465 N Park Dr, Chicago, IL, 60611-0003, US

465 North Park

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL), is pleased to present 465 North Park, a Class AA 444-home trophy high-rise perfectly located in the heart of Chicago’s dynamic Streeterville neighborhood. The award-winning, LEED-certified property sets the standard for luxury, high-end living with breathtaking views, masterful architecture, meticulously designed interiors, and top-of-market amenity spaces rivaling top spa resorts. 465 North Park boasts a transit-oriented location within walking distance to top employers and Chicago landmarks that cater to the modern affluent resident base seeking a live-work-play environment. Residents are offered incomparable area amenities including its central location to Lake Michigan & the city’s Lakefront Trail, the Chicago River, and the Magnificent Mile.

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Attributes

Number of units

444 units

Occupancy

93.00%

Year built

2018

Building area Net

1,022 m²

Call for Offers

28/09/2023

Media

Investment Highlights

Trophy Asset in Chicago's Streeterville Neighborhood

AIA Distinguished Building Award Winner & LEED Gold Certified
World Class, All-Encompassing Amenity package & Vibrant Resident Social Scene
State-of-the-art interior design with attention to every detail
Breathtaking views of Lake Michigan, the Chicago River and the city's unmistakeable skyline

Live-Work-Play Luxury Lifestyle

Immediate access to Lake Michigan & the Chicago River
5 minute walk to Whole Foods, Target, and Walgreens
Nationally-ranked Northwestern Memorial Hospital & Shirley Ryan Ability Lab steps away
Proximate to University of Chicago's Booth School of Business Downtown Campus and Northwestern's Kellogg School of Management, Pritzker School of Law, & Feinberg School of Medicine
Nearby Salesforce Tower, Merchandise Mart & Google's new HQ at Thompson Center

Exceptional Accessibility

99 Transit Score & 98 Walk Score
Steps to CTA train, bus lines, bike rental stations, and Chicago Water Taxi

Booming Luxury Renter Market

95% Projected 3-yr average occupancy
<1% of existing units under construction
Muted future supply pipeline
Renters-by-choice demographic (Average age 37 / Average HHI $249,000)

Generational Opportunity

Unmatched location in downtown Chicago's Streetervile neighborhood
Muted future supply pipeline
100% market rate units
Supply pipelines will remain limited due to rising construction costs, changes to Affordable Requirements Ordinance (ARO) and lack of available sites

Impressive Property Performance