River North Park — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60654
  • Year built: 1987

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Description

Jones Lang LaSalle Americas (Illinois), LP is pleased to present River North Park (the “Property”), a stunning 400 home, high-rise apartment building located in Chicago’s renowned River North neighborhood. The property is located just minutes from Chicago’s top employers, world-class retail at Magnificent Mile, and premier entertainment venues. Rising 24 stories above the bustling streets, River North Park boasts expansive views of the downtown cityscape and features top of the line amenities. The property offers a mix of layouts from studios to two-bedroom and townhome units. With 44% of units having been renovated to full scope achieving strong premiums, investors have the opportunity to further capitalize on the remaining 56% by modernizing the remaining units. Additionally, Chicago’s stellar market fundamentals allow for the potential to push rents further with an incredible renter demographic, strong rent-to-income ratios, and a muted supply pipeline.

Market Context

This multifamily in Chicago, IL is listed for sale. The building dates to 1987. 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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