1539 North Wells Street — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60610
  • Size: 11,348 SF
  • Year built: 1895

Photos

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Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present 1539 N. Wells Street (the “Property”), a rare eight-unit multifamily opportunity located in the heart of Old Town, one of Chicago’s most sought-after neighborhoods. Situated directly on iconic Wells Street, the Property offers residents an unmatched lifestyle experience surrounded by the neighborhood’s renowned dining, nightlife, retail, and entertainment destinations while maintaining convenient access to the Gold Coast, River North, Lincoln Park, and Chicago’s CBD. The Property consists of 8 expansive residences situated across a through-lot site stretching from Wells Street to convenient alley loaded access. The unit mix includes three-, four-, and five-bedroom units, offering a highly desirable large-format product rarely available in the submarket. Four (4) renovated vintage units front Wells Street, blending historic Old Town character with modern finishes, while four (4) newly constructed luxury residences at the rear of the property feature best-in-class finishes, in-unit washers and dryers, on-site parking, and a shared rooftop terrace overlooking one of Chicago’s most vibrant entertainment corridors. 1539 N. Wells Street presents a rare opportunity to acquire a boutique trophy multifamily asset in one of Chicago’s most supply-constrained and desirable rental markets.

Market Context

This multifamily in Chicago, IL is listed for sale across 11,348 SF. The building dates to 1895. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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