Offering Summary
Jones Lang LaSalle Americas (Illinois), L.P. (JLL), is pleased to present 465 North Park, a Class AA 444-home trophy high-rise perfectly located in the heart of Chicago’s dynamic Streeterville neighborhood. The award-winning, LEED-certified property sets the standard for luxury, high-end living with breathtaking views, masterful architecture, meticulously designed interiors, and top-of-market amenity spaces rivaling top spa resorts. 465 North Park boasts a transit-oriented location within walking distance to top employers and Chicago landmarks that cater to the modern affluent resident base seeking a live-work- play environment. Residents are offered incomparable area amenities including its central location to Lake Michigan & the city’s Lakefront Trail, the Chicago River, and the Magnificent Mile.
Investment Highlights
Trophy Asset in Chicago's Streeterville Neighborhood
- AIA Distinguished Building Award Winner & LEED Gold Certified
- World Class, All-Encompassing Amenity package & Vibrant Resident Social Scene
- State-of-the-art interior design with attention to every detail
- Breathtaking views of Lake Michigan, the Chicago River and the city's unmistakeable skyline
Live-Work-Play Luxury Lifestyle
- Immediate access to Lake Michigan & the Chicago River
- 5 minute walk to Whole Foods, Target, and Walgreens
- Nationally-ranked Northwestern Memorial Hospital & Shirley Ryan Ability Lab steps away
- Proximate to University of Chicago's Booth School of Business Downtown Campus and Northwestern's Kellogg School of Management, Pritzker School of Law, & Feinberg School of Medicine
- Nearby Salesforce Tower, Merchandise Mart & Google's new HQ at Thompson Center
Exceptional Accessibility
- 99 Transit Score & 98 Walk Score
- Steps to CTA train, bus lines, bike rental stations, and Chicago Water Taxi
Booming Luxury Renter Market
- 95% Projected 3-yr average occupancy
- <1% of existing units under construction
- Muted future supply pipeline
- Renters-by-choice demographic (Average age 37 / Average HHI $249,000)
Generational Opportunity
- Unmatched location in downtown Chicago's Streetervile neighborhood
- Muted future supply pipeline
- 100% market rate units
- Supply pipelines will remain limited due to rising construction costs, changes to Affordable Requirements Ordinance (ARO) and lack of available sites
Impressive Property Performance
- 8% trade outs on renewal
- 7% trade outs on new leases
- 93% Occupied
Investment Contacts
Jason Zyck
Associate
630.390.4590
jason.zyck@jll.com
Financing Contacts
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