Description de l'actif
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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Caractéristiques de l'actif
Occupation
93,00 %
Année de construction
1929
Surface de l'actif brut
15 608 m²
Média
Points clés d'investissement
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
Contacter l'équipe
The Deco (0 actifs)
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
9 mars 2023
