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).