318 Grand AveChicago, IL 60654

This exceptional investment opportunity presents a fully occupied, 13-unit apartment building situated in Chicago's vibrant River North neighborhood. The property, a four-story building totaling 17,508 net rentable square feet, sits on a 5,015 square foot lot and includes four parking spaces. The building underwent a complete redevelopment in 2023, resulting in twelve brand-new, high-end apartments, each featuring stainless steel appliances, individual HVAC systems, tankless water heaters, Wi-Fi thermostats, floor-to-ceiling windows, private balconies, and in-unit washer/dryers. Residents also enjoy access to a Butterfly video intercom system. The first floor houses a 3,400 square foot retail space (plus 2,186 square feet in the basement) occupied by Strive Village, a private gym, since 2016, operating under a modified gross lease. This stabilized, turnkey investment boasts a 100% occupancy rate. The property's location offers unparalleled access to public transportation, including proximity to the CTA Brown/Purple and Red Line 'L' stations, Ogilvie Transportation Center, and numerous bus routes. It's also conveniently located one block from the I-90/94 Kennedy Expressway. The surrounding area boasts exceptional demographics, with an average household income of $152,000 and a median home value of $494,000 within a one-mile radius, and a total population of 128,055. The property is zoned DX-7. The asking price is $8,785,000. This is a rare opportunity to acquire a high-performing asset in one of Chicago's most desirable neighborhoods.