773-963-2637
757 N Orleans St, Chicago, IL for Sale
Apartments - FOR SALE
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757 N Orleans St
Chicago, IL 60654
River North


HIGHLIGHTS

  • 75 N Orleans Street is a 198-unit, 22-story, renowned MFR building in Chicago’s Central Business District surrounded by affluent demographics.
  • Located in River North, one of Chicago’s most vibrant neighborhoods, adjacent to CTA Brown/Purple Line station with 1M+ annual riders.
  • Value-add opportunity throughout releasing ground-floor retail and taking buyout from Walgreens, benefiting from short-term passive income.
  • Surrounded by luxury condos, nightlife, and top-tier restaurants in the city’s dense urban-infill core, and home to a $183K+ average household income.
  • Walgreens occupies 83% of the GLA, remains bound to its lease despite ceasing operations, with four years and a month left.
  • Chicago’s economy and population are diverse, productive, and affluent; Chicago is known as one of the most important business centers in the world.

OVERVIEW

Positioned in the heart of Chicago’s River North Gallery District, 757 N. Orleans Street presents a rare urban infill acquisition opportunity. This 13,738 SF ground-level retail asset is part of a 22-story luxury residential tower, offering unmatched visibility and foot traffic in one of the city’s most vibrant neighborhoods. Investors can benefit from short-term passive income while pursuing a strategic lease-up or redevelopment plan. The remaining space, formerly occupied by Walgreens, Bank of America and Verizon, is fully vacant, allowing for immediate repositioning. Located just steps from the CTA Brown and Purple Line station at Chicago & Franklin, the site enjoys exceptional transit access and exposure to over one million annual riders. River North’s affluent demographics—over 113,000 residents within one mile and an average household income exceeding $183,000—support strong retail demand and long-term growth. Surrounded by high-end dining, luxury residences, and cultural institutions, the property is also within 1.6 miles of Downtown Chicago, the nation’s second-largest central business district. With no encumbrances and fee simple ownership, this offering is ideal for investors seeking a core urban asset with immediate income and redevelopment upside in one of the country’s most dynamic real estate markets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

198

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Vacant, Full Retail Release Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

22

YEAR BUILT

2008

PARKING SPACES

214

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

PD 780

APN/PARCEL ID

17-09-201-017-0000,17-09-201-018-1042,17-09-201-018-1047,17-09-201-018-1061,17-09-201-018-1062,17-09-201-018-1072,17-09-201-018-1087,17-09-201-018-1095,17-09-201-018-1097,17-09-201-018-1101,17-09-201-018-1104,17-09-201-018-1131,17-09-201-018-1140,17-09-201-018-1149,17-09-201-018-1164,17-09-201-018-1166,17-09-201-018-1186,17-09-201-018-1191

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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