Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL), a licensed real estate broker, is pleased to present The Lydian (the "Property"), a unique Class A 279-unit luxury apartment community located in Chicago's Illinois Medical District (IMD).

Built in 2023, this modern tower offers exceptional luxury living with premier finishes and a resort-style collection of amenities including a luxury pool deck, state-of-the-art fitness center, yoga studio, private working spaces, a resident lounge with a catering kitchen, and an elevated outdoor terrace with panoramic skyline views. The Property offers a mix of layouts ranging from studios to three-bedroom units.

The Lydian serves a highly educated tenant base comprised primarily of healthcare professionals. Situated directly adjacent to Rush University Medical Center, the #1 hospital in Illinois, the Property is surrounded by healthcare facilities employing over 30,000 professionals throughout the Illinois Medical District, creating unparalleled access to stable employment anchors. Additional nearby destinations include the University of Illinois Chicago (UIC), the United Center, and Chicago's bustling West Loop.

This compelling opportunity is available free and clear of existing debt.

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Attributes

Number of units

279

Occupancy

97%

Year built

2023

Building area net

272,000 sf

Parking spaces

186

Media

Investment Highlights

GENERATIONAL INVESTMENT OPPORTUNITY
Unique Opportunity to Acquire Newly Built Property in the Illinois Medical District (IMD)
97% Leased Today
100% Market Rate with No Retail
Rare Fee Simple Opportunity within the IMD
Supply-Constrained: Only 1,000 Residential Units Across the 560-Acre IMD

EXCEPTIONAL LOCATION WITHIN THE ILLINOIS MEDICAL DISTRICT
Largest Medical District in North America
Steps to 4 Major Hospitals, 2 Universities & IMD Gateway
Immediate Access to I-290 & Chicago's Vibrant West Loop
Convenient Access to Chicago's Vibrant West Loop
Set to Benefit from Nearby United Center's Transformational $7B Mixed-Use 1901 Project

TROPHY ASSET FINISHES & UNMATCHED AMENITY PACKAGE
Top-of-the-Line Designer Finishes in Units
High-End Amenities Including Pool, Rooftop Lounge, Fitness Center & Co-Working Spaces
Unobstructed Views of Chicago's Stunning Skyline

UNPARALLELED AREA & RESIDENT DEMOGRAPHICS
Average Household Income of $155,000
Low Rent to Income Ratio at 22% Suggests Room for Significant Rent Growth
30% of Residents are Medical Professionals
Highly Educated Renter Pool - 35% Hold Bachelor's Degree & 27% with Graduate/Professional Degrees