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