312-651-6725
300 N Canal St, Chicago, IL for Sale
Apartments - FOR SALE
1/45
null | Request Cap Rate

300 N Canal St
Chicago, IL 60661
West Loop


HIGHLIGHTS

  • Incredible Property & Market Fundamentals
  • Enviable West Loop Location
  • Class A Trophy Asset & Amenities
  • Rare Investment Opportunity

OVERVIEW

Jones Lang LaSalle Americas (Illinois), L.P. (JLL), is pleased to present Left Bank, a 451-unit luxury apartment building located in the West Loop, one of the nation’s most dynamic submarkets. What was once home to storied meatpacking and industrial warehouse users has undergone a rapid transformation following the announcement of Soho House, Google and McDonald’s planting roots in the neighborhood. The area’s distinctive character has made it a magnet for a growing number of restaurants, bars, hotels, and Fortune 500 companies alike. With an average household income of $192,000 and a median age of 33, the West Loop has cemented itself as the preferred location for Chicago’s highly educated creative-oriented professionals, and one of the most sought-after submarkets across the country. Rising 37 stories above the bustling streets, Left Bank boasts expansive views of the downtown cityscape and features top of the line amenities. The property offers a mix of layouts from studios to three-bedroom units. With 83% of units being renovated to the platinum level achieving strong premiums, investors have the opportunity to further capitalize on the remaining 17% by modernizing the remaining units. Additionally, Chicago’s stellar market fundamentals allow for the potential to push rents further with an incredible renter demographic, strong rent-to-income ratios, and a muted supply pipeline.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

451

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Left Bank

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

37

YEAR BUILT

2006

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

PD 799

APN/PARCEL ID

17-09-305-045-0000

ASK ABOUT THIS PROPERTY

Mark SternJLLMore Info
312-651-6725

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Mark SternJLLMore Info
312-651-6725

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