The Lydian — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60612
  • Year built: 2023

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Description

Jones Lang LaSalle Americas (Illinois), L.P. (JLL), a licensed real estate broker, is pleased to present The Lydian (the "Property"), a unique Class A 279-unit luxury apartment community located in Chicago's Illinois Medical District (IMD). Built in 2023, this modern tower offers exceptional luxury living with premier finishes and a resort-style collection of amenities including a luxury pool deck, state-of-the-art fitness center, yoga studio, private working spaces, a resident lounge with a catering kitchen, and an elevated outdoor terrace with panoramic skyline views. The Property offers a mix of layouts ranging from studios to three-bedroom units. The Lydian serves a highly educated tenant base comprised primarily of healthcare professionals. Situated directly adjacent to Rush University Medical Center, the #1 hospital in Illinois, the Property is surrounded by healthcare facilities employing over 30,000 professionals throughout the Illinois Medical District, creating unparalleled access to stable employment anchors. Additional nearby destinations include the University of Illinois Chicago (UIC), the United Center, and Chicago's bustling West Loop. This compelling opportunity is available free and clear of existing debt.

Market Context

This multifamily in Chicago, IL is listed for sale. The building dates to 2023. 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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