Investment Overview

Marcus & Millichap is pleased to present this mixed use opportunity in the River North neighborhood of Chicago. The subject property consists of 12 high-end apartments and one commercial space. These brand new units feature stainless steel appliances, quartz countertops, custom European cabinetry, floor-to-ceiling city views, 6-1/2”-wide plank wood floors, condo-quality showers with black Artos/Toto fixtures, and in-unit full size front-loading laundry. This boutique River North building features an elevator, just four units per floor, individual A/Cs, furnaces, tankless water heaters with wifi thermostats per unit, Butterfly video intercom access system, and is pet friendly. The property boasts competitive amenities for tenants including bicycle and storage room, package acceptance and laundry service. The subject property has an irreplacable location on Grand Avenue, which has bus stops on almost every corner, and Chicago Transit Authority’s (CTA) Merchandise Mart Brown Line train stop is a six minute walk, and a nine-minute walk to CTA’s Grand Red Line train stop. This neighborhood is incredibly walk-able, bike-able, and transit is very convenient. River North is a trendy neighborhood that borders the loop and the Magnificent Mile. This area is known for being the go-to area for art galleries, fine dining, and drinks at the booming night life venues. Dormant factories in the River North area have been transformed over the past few decades into artist studios, work spaces, and high-end condos and apartments. The area is filled with signature Chicago architecture including Marina City, 330 North Wabash and the Merchandise Mart. This area is known for housing high-end home finishing retailers due to its proximity to Merchandise Mart, large commercial retailers such as Binny’s, and also notable fine dining steak houses such as Bavette’s.