River North Park offers investors a rare opportunity to acquire a 400-unit, 24-story high-rise apartment community in Chicago’s highly desirable River North neighborhood. The property features a diverse mix of studios, one- and two-bedroom units, and 20 rare direct-access townhomes. Approximately 44% of the units have undergone full-scope renovations, while the remaining 56% present significant value-add potential. Classic-to-full upgrade premiums have been verified at $270+, creating a clear path for income growth. Over $10.7 million in capital improvements have been invested, including $4.2 million in unit renovations and $6.5 million in building enhancements, ensuring strong operational performance and long-term durability. All units are 100% market rate, and the property is offered at a significant discount to replacement cost. Located in the heart of River North, the property provides immediate access to Chicago’s CBD, top employers, and the financial district, as well as abundant dining, nightlife, and public transit options. The surrounding area boasts exceptional demographics, including 150% population growth since 2010, an average household income of $190,000, and 88% of residents holding a bachelor’s degree or higher. These fundamentals, combined with a muted supply pipeline, position River North Park as a premier investment opportunity with strong upside potential.