Offering Summary
Jones Lang LaSalle Americas (Illinois), L.P. (“”JLL””) is pleased to present Wave Lakeview, a 207-home luxury high-rise apartment building with breathtaking views of Lake Michigan, Lincoln Park, and the Chicago Skyline. The property was originally built in 1967 as apartments and converted to condos in 1979, and most recently was deconverted and fully renovated into luxury apartments in 2018. Wave Lakeview is located in the heart of Chicago’s historic lakeview neighborhood, one of the largest and most sought-after urban neighborhoods in the city. The property boasts a 93 WalkScore, with an abundance of dining options, attractions, shopping and entertainment right outside its door. This well-established neighborhood attracts a diverse blend of urban professionals, students, and families. As a newly renovated property, Wave Lakeview provides luxury in-demand units features and community amenities including a rooftop with breathtaking views of the Chicago skyline & Lake Michigan, a heated pool, sundeck, and an all-encompassing fitness center. The property’s prime location, upscale interiors, and best-in-class amenities offer investors a steady stream of future cash flows.
Investment Highlights
- Generational Lake Michigan Adjacent Location
- Available at a Significant Discount to Replacement Cost
- Steps to Chicago’s Greatest Amenity – the Lake Michigan Lakefront, Including Belmont Harbor and the Lakefront Trail
- Recently Renovated - Current Ownership Has Spent ~ $11.5M to Upgrade Unit Interiors and Community Amenities
- Mature Urban and Historic Lakeview Neighborhood
- Exclusive Lakeview and Wrigleyville Lifestyle
- Endless Boutiques, Dining, and Entertainment Options
- Transit-Oriented - 93 Walk Score
- Muted Future Lakefront Supply Pipeline
- Superb Demographics
- Available “All-Cash"
Investment Contacts
Mark Stern
Managing Director
312-622-8140
mark.stern@jll.com
Jason Zyck
Senior Analyst
312-980-3608
jason.zyck@jll.com
Financing Contacts
Although information has been obtained from sources deemed reliable, JLL does not make any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. JLL does not accept any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement with JLL regarding this matter, this information is subject to the terms of that agreement. ©2023. Jones Lang LaSalle IP, Inc. All rights reserved.
