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Aston Chicago 200 E Illinois St 325 Unit Apartment Building For Sale Chicago, IL 60611
Investment Highlights
- Desirable Value-Add Upside for 2013 Built Asset
- Strong 66% Resident Retention in 2025
- Highly Desired Real Estate Adjacent to Lake Michigan and Chicago River
- Impressive 11.4% Tradeouts for new Leases | 6% Tradeouts on Renewals
- Exclusive Rooftop Amenity Floor Featuring Hot Tub, Sky Garden, Lounge Area, Fire Pits and Grills
- Steps to Booming Michigan Avenue Destination Retail and Commercial Corridor
Executive Summary
Jones Lang LaSalle Americas (Illinois), L.P. (JLL) is pleased to present Aston (“The Property”), an iconic 325-home apartment community located in the heart of Chicago’s sought-after Streeterville neighborhood. Aston offers residents high-end living in the most walkable submarket of Chicago. The Property offers a range of homes, including convertibles, one bedrooms, two bedrooms and three bedroom units, all with expansive floorplans. Aston offers an endless array of amenities, including a stunning rooftop spa and sundeck, a state-of-the-art fitness center, an indoor pool and spa, and much more. The Property offers investors an incredible opportunity to renovate 100% of homes. There is also 16,445 SF of onsite retail and private offices that is an added amenity for residents and the Streeterville submarket to enjoy.
Renowned for its luxury and walkability, Streeterville provides residents with exceptional amenities and convenient transit access. The neighborhood’s prime location offers close proximity to Lake Michigan and the Magnificent Mile, as well as access to prestigious educational and medical institutions, creating an appealing environment for young professionals and families alike. There are a plethora of employers within walking distance of the Property, including Northwestern Hospital, United Healthcare, Kraft, and many others. This incredible investment opportunity is available free and clear.
Renowned for its luxury and walkability, Streeterville provides residents with exceptional amenities and convenient transit access. The neighborhood’s prime location offers close proximity to Lake Michigan and the Magnificent Mile, as well as access to prestigious educational and medical institutions, creating an appealing environment for young professionals and families alike. There are a plethora of employers within walking distance of the Property, including Northwestern Hospital, United Healthcare, Kraft, and many others. This incredible investment opportunity is available free and clear.
Property Facts
| Sale Type | Investment | Lot Size | 2.32 AC |
| No. Units | 325 | Building Size | 349,185 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 42 |
| Apartment Style | Hi-Rise | Year Built | 2013 |
| Building Class | A | Parking Ratio | 0.7/1,000 SF |
| Zoning | DX-12,PD 3 - Downtown Mixed Use District | ||
| Sale Type | Investment |
| No. Units | 325 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | A |
| Lot Size | 2.32 AC |
| Building Size | 349,185 SF |
| Average Occupancy | 94% |
| No. Stories | 42 |
| Year Built | 2013 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | DX-12,PD 3 - Downtown Mixed Use District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Carpet
- Office
- Window Coverings
Site Amenities
- Fitness Center
- Laundry Facilities
- Pool
- Spa
- Roof Terrace
- Conference Rooms
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 93 | - | 695 - 773 |
| 1+1.5 | 102 | - | 879 - 969 |
| 2+2 | 84 | - | 1,079 - 1,217 |
| 2+2.5 | 14 | - | 1,261 - 1,374 |
| 3+3 | 30 | - | 1,443 - 1,564 |
| 3+3.5 | 2 | - | 2,804 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 17-10-212-036-0000 | Improvements Assessment | $14,702,928 CAD |
| Land Assessment | $450,825 CAD | Total Assessment | $15,153,753 CAD |
Property Taxes
Parcel Number
17-10-212-036-0000
Land Assessment
$450,825 CAD
Improvements Assessment
$14,702,928 CAD
Total Assessment
$15,153,753 CAD
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Aston Chicago | 200 E Illinois St
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