555 Jackson BlvdChicago, IL 60661

For Sale
$17,900,000

High-end apartments, prime location, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 7-story, 30,000-square-foot multifamily property, with hotel-style amenities, is ideally situated at 555 W Jackson Blvd in Chicago, IL, 60661. Boasting 51 brand-new, fully furnished, loft-style apartments with 11-foot ceilings and windows on three sides, this building offers abundant natural light. The property includes 16 gated parking spaces and a fitness center. A significant advantage is its location adjacent to Lou Mitchell's, a nationally registered historic landmark, ensuring no future development can obstruct its views or access. The property features a 6.00% cap rate and a net operating income (NOI) of $1,027,502, with an asking price of $17,900,000 ($574.30/sq ft). The property is comprised of multiple APNs: 17-16-119-067-1001

Highlights

  • 16-car gated parking lot adjacent to the building.
  • Excellent walkability to Fulton Market, the Magnificent Mile, and River North.

Property Details for 555 Jackson Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
30,000 SF
Stories
7

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8778165
Longitude
-87.6421284
555 Jackson Blvd, Chicago, Illinois

FAQs

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555 Jackson Blvd
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