3Eleven_Property for Sale
3Eleven_Property for Sale
311 W Illinois St, Chicago, IL, 60654-7805, US

3Eleven

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), an Illinois limited partnership is pleased to present 3Eleven, a newly constructed 245- home ultra-luxury high-rise apartment community perfectly situated in the heart of Chicago’s dynamic River North neighborhood. The award-winning, LEED-certified property sets the standard for luxury, high-end living with breathtaking views, beautifully designed interiors, and photo-worthy amenities that promote a life of luxury and convenience. Residents at this stunning building enjoy an ideal live-work-play lifestyle steps to a state-of-the-art new office development and a flourishing River North location. Surrounded by vibrant night life, Chicago’s finest culinary scene, and the city’s top employers, these renters-by-choice are drawn to having the best of Chicago at their doorstep.

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Attributes

Number of units
245 units
Occupancy
99.00%
Year built
2018
Building area Net
10,927 m²
Land area net
0.15 ha (1,538 m²)
NOI
€4,414,000

Media

Investment Highlights

Trophy Asset In Chicago's River North Neighborhood 

  • Unobstructed, breathtaking views of the Chicago skyline 
  • World class, all-encompassing rooftop amenity package and vibrant resident social scene 
  • State-of-the-art interior design with attention to every detail
  • First Fitwell-certified asset in the Midwest & LEED Silver Certified 

Exceptional Accessibility 

  • 97 walk score / 100 transit score
  • Steps to CTA train, bus lines, bike rentals, and Chicago Water Taxi 

 Walk-To-Work 

  • Steps to new office developments including Salesforce Tower (5.2M+ SF / delivers 5,000 jobs in 2023) and the Merchandise Mart renovation (undergoing $60M renovation)
  • Immediately adjacent to tremendous job growth, and burgeoning tech scene 
  • Proximate to Chicago's top employers such as: Salesforce, PWC, Deloitte, JLL

Sought-After Demographics 

  • Affluent area residents earn an impressive ~$198,000 average household income (quarter-mile radius) 
  • Low rent-to-income ratio of 15% 
  • Average age is 30, representing a strong workforce base in prime earning years

Irreplaceable Location

  • River North location, Central to Chicago CBD, and steps from West Loop, Fulton Market 
  • Dynamic River North location surrounded by superb dining and entertainment 
  • Steps to the new and expanding Chicago River Walk - Chicago's "Second Shoreline" 
  • Two blocks from Chicago's Premier Health Club (East Bank Club) 
  • < 1-mile from proposed Bally's $1.7B casino  
3Eleven 4_Property for Sale
3Eleven 4_Property for Sale

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3Eleven (0 Properties)

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Last updated
12 May 2023