This $35MM innovative multifamily project in the heart of the Illinois Medical District is a 100,000 sq. ft., 5-story development with 125-units, 45 spaces of residential dedicated parking, and a robust amenity package encompassing enclosed and outdoor terrace spaces that overlook the downtown skyline, co-working space for residents, a fitness center, and a large lounge.

Rents will start at $1,499, making it one of the most affordable market-rate new-built housing options in all of Chicago.

• Asset Class: Multifamily Development

• Size: 100,000 SF

• Development Budget: $35,000,000

• Proforma Untrended Yield: 6.75%

• Submarket: Illinois Medical District (Chicago, IL)

• Zoning: Planned Development (Approved)

• Architect: Pappageorge Haymes

• General Contractor: TBD