1539 North Wells Street_Property for Sale
1539 North Wells Street_Property for Sale

1539 North Wells Street

1539 North Wells Street, Chicago, IL, 60610, US

Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present 1539 N. Wells Street (the “Property”), a rare eight-unit multifamily opportunity located in the heart of Old Town, one of Chicago’s most sought-after neighborhoods. Situated directly on iconic Wells Street, the Property offers residents an unmatched lifestyle experience surrounded by the neighborhood’s renowned dining, nightlife, retail, and entertainment destinations while maintaining convenient access to the Gold Coast, River North, Lincoln Park, and Chicago’s CBD.


The Property consists of 8 expansive residences situated across a through-lot site stretching from Wells Street to convenient alley loaded access. The unit mix includes three-, four-, and five-bedroom units, offering a highly desirable large-format product rarely available in the submarket. Four (4) renovated vintage units front Wells Street, blending historic Old Town character with modern finishes, while four (4) newly constructed luxury residences at the rear of the property feature best-in-class finishes, in-unit washers and dryers, on-site parking, and a shared rooftop terrace overlooking one of Chicago’s most vibrant entertainment corridors.


1539 N. Wells Street presents a rare opportunity to acquire a boutique trophy multifamily asset in one of Chicago’s most supply-constrained and desirable rental markets.

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Attributes

Occupancy
100%
Year built
1895
Building area net
11,348 sf

Media

Investment highlights

  1. Dynamic Live, Work, Play Location
  2. Directly on Wells Street, surrounded by Old Town’s renowned dining, nightlife, and retail corridor
  3. Easy Access to Chicago’s Top Employers Through Nearby Public Transportation


  1. Trophy Old Town Vintage & New Construction Asset
  2. Four renovated vintage units fronting Wells Street paired with four newly constructed luxury residences featuring in-unit W/D, on-site parking, and a shared rooftop terrace
  3. Unit mix of three 3-bedroom units, four 4-bedroom units, and one 5-bedroom duplex, averaging 1,253 SF — a large-format product rarely available in the Submarket


  1. Strong Demographics & Fundamentals
  2. High-Earning Young Professionals with Disposable Income
  3. Low New Supply - ~1% of Chicago's Inventory is Under Construction
1539 North Wells Street 4_Property for Sale
1539 North Wells Street 4_Property for Sale

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1539 North Wells Street (0 Properties)

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Last updated Aug 26, 2026