312-935-1037
800 S Wells St, Chicago, IL for Sale
Apartments - FOR SALE
1/42
null | Request Cap Rate

800 S Wells St
Chicago, IL 60607
South Loop


HIGHLIGHTS

  • Iconic architecture by Bertrand Goldberg; unique riverfront setting.
  • Strong submarket fundamentals: South Loop rent growth 5.2-5.4% YoY; 0.75% new supply ratio. Ranked as the #2 major U.S. metro for rent growth.
  • Enhanced by The 78 megadevelopment, which boosts long-term appreciation and transit connectivity.
  • Comprehensive community amenities: rooftop skyline park, 15th-floor sundeck, health club, 70-slip private marina, coworking space, fitness center, and
  • Units feature high-end finishes: quartz counters, stainless steel appliances, LVT flooring, Spanish tile baths, walk-in closets.

OVERVIEW

River City offers a rare value-add multifamily investment in Chicago’s South Loop along the Chicago River. Designed by iconic architect Bertrand Goldberg, the asset consists of 449 market-rate units and recently underwent a $60 million renovation, including unit upgrades, a reimagined lobby, and added amenities. It now features 95.8% occupancy, diversified unit types (studios to 4-bedrooms), and luxury amenities. The property sits steps from The 78, a $7 billion mixed-use megadevelopment with anticipated major additions such as the Chicago Fire FC Stadium, office, retail, and a new CTA Red Line station. It is near the Loop, Grant Park, Lake Michigan, Illinois Medical District, and major highways (I-90/94, I-55).

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

448

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River City Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

17

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,313 SF

ZONING

PD 225

APN/PARCEL ID

17-16-401-011-0000,17-16-401-018-1002,17-16-401-018-1003,17-16-401-018-1022,17-16-401-018-1024,17-16-401-018-1030,17-16-401-018-1038,17-16-401-018-1040,17-16-401-018-1048,17-16-401-018-1054

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.