312-935-1037
29 S La Salle St, Chicago, IL for Sale
Apartments - FOR SALE
1/23
null | Request Cap Rate

29 S La Salle St
Chicago, IL 60603
Chicago Loop


HIGHLIGHTS

  • 2021 construction, 14-story mid-rise apartment asset located in Chicago’s CBD within the highly sought-after LaSalle Street corridor
  • 216-unit multifamily property encompassing approximately 168,000 SF, situated on a 0.47-acre site with strong in-place fundamentals
  • Institutional-quality asset currently 95% occupied, featuring a diversified unit mix of studios, one- and two-bedroom layouts
  • Modern unit interiors with full appliance packages, air conditioning, tenant-controlled HVAC, and fire sprinkler systems throughout
  • Amenity-rich community including rooftop terrace, pool, spa, resident lounge, gameroom, pet play area, and on-site retail component
  • Zoned DC-16, offering favorable downtown density with walkable access to transit, employment centers, dining, and retail amenities

OVERVIEW

29 S La Salle St is a 14-story, mid-rise multifamily property located in Chicago’s Central Business District. Built in 2021, the asset consists of 216 apartment units within approximately 168,000 square feet of gross building area on a 0.47-acre site. The property is currently operating at approximately 95% occupancy and is zoned DC-16, supporting high-density residential use in a downtown setting. The unit mix includes studio, one-bedroom, and two-bedroom apartments, with unit sizes ranging from approximately 490 square feet to 1,290 square feet. Community amenities include a pool, spa, rooftop terrace, resident lounge, gameroom, pet play area, and on-site retail space. The property also features tenant-controlled HVAC systems. Individual units are equipped with air conditioning, heating, kitchen appliances (microwave, oven, refrigerator), sprinkler systems, and full bathrooms with tub/shower configurations. The asset is improved with a single building and benefits from a central downtown location offering access to employment centers, public transportation, retail, and dining amenities.

FOR SALE DETAILS

PRICE

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# OF UNITS

216

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Millennium On LaSalle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

14

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

DC-16

APN/PARCEL ID

17-16-204-033-0000

ASK ABOUT THIS PROPERTY

John JaegerCBRE, Inc.More Info
312-935-1037

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John JaegerCBRE, Inc.More Info
312-935-1037

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.