Wave Lakeview_Actifs en vente
Wave Lakeview_Actifs en vente

Wave Lakeview

420 W Belmont Ave, Chicago, IL, 60657-4787, US

Description

Jones Lang LaSalle Americas (Illinois), L.P. (“”JLL””) is pleased to present Wave Lakeview, a 207-home luxury high-rise apartment building with breathtaking views of Lake Michigan, Lincoln Park, and the Chicago Skyline. The property was originally built in 1967 as apartments and converted to condos in 1979, and most recently was deconverted and fully renovated into luxury apartments in 2018. Wave Lakeview is located in the heart of Chicago’s historic lakeview neighborhood, one of the largest and most sought-after urban neighborhoods in the city. The property boasts a 93 WalkScore, with an abundance of dining options, attractions, shopping and entertainment right outside its door. This well-established neighborhood attracts a diverse blend of urban professionals, students, and families. As a newly renovated property, Wave Lakeview provides luxury in-demand units features and community amenities including a rooftop with breathtaking views of the Chicago skyline & Lake Michigan, a heated pool, sundeck, and an all-encompassing fitness center. The property’s prime location, upscale interiors, and best-in-class amenities offer investors a steady stream of future cash flows.

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Caractéristiques de l'actif

Nombre d'étages
30
Nombre d'unités
207
Surface locative
13 968 m²
Année de construction
1967
Année de rénovation
2018
Places de parking
119

Média

Points clés d'investissement

  • 95% Avg. Occupancy since January 2022
  • 3.88% Rent Growth & 8.41% NOI Growth Year Over Year
  • 8.1% Trade Out On New Leases In The Last 30 Days
  • 3.0% Trade Out On Renewal Leases In The Last 30 Days
  • Available at a Significant Discount to Replacement Cost
  • Steps to Chicago’s Greatest Amenity – the Lake Michigan Lakefront, Including Belmont Harbor and the Lakefront Trail
  • Current Ownership Has Spent ~$11.5M to Upgrade Unit Interiors and Community Amenities


Wave Lakeview 4_Actifs en vente
Wave Lakeview 4_Actifs en vente

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Wave Lakeview (0 actifs)

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Dernière mise à jour
16 juin 2025