Aqua at Lakeshore East represents a generational opportunity to acquire one of Chicago’s most iconic residential towers. Designed by Jeanne Gang and completed in 2009, this 474-unit Class A high-rise is a landmark within the city’s skyline, offering panoramic views of Lake Michigan and downtown from its signature curved balconies. Located in the heart of the prestigious Lakeshore East neighborhood, the property is steps from Millennium Park, Navy Pier, the Riverwalk, and the new Google HQ development. The building features over 110,000 square feet of hotel-quality amenities, including an 80,000 SF outdoor deck with a lap pool, running track, and fire pits, as well as indoor offerings like a basketball court, media room, and spa facilities. Residents also benefit from access to select Radisson Blu hotel amenities, further elevating the luxury experience. With all units in classic condition, Aqua presents a compelling value-add opportunity through interior renovations such as quartz countertops, modern cabinetry, and upgraded lighting. The unit mix includes studios, convertibles, one- and two-bedroom layouts, with an average size of 758 SF. The property also includes ~56,000 SF of commercial space and a 974-space parking garage. Aqua’s fundamentals are strong: 95% occupancy, 4.8%+ rent growth on new leases, and a low rent-to-income ratio of 16%. With minimal new supply in the downtown pipeline and high barriers to entry, this asset is well-positioned for continued rent growth and long-term appreciation.