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Millennium On LaSalle 29 S La Salle St 216 Unit Apartment Building For Sale Chicago, IL 60603
Investment Highlights
- 2021 construction, 14-story mid-rise apartment asset located in Chicago’s CBD within the highly sought-after LaSalle Street corridor
- Institutional-quality asset currently 95% occupied, featuring a diversified unit mix of studios, one- and two-bedroom layouts
- Amenity-rich community including rooftop terrace, pool, spa, resident lounge, gameroom, pet play area, and on-site retail component
- 216-unit multifamily property encompassing approximately 168,000 SF, situated on a 0.47-acre site with strong in-place fundamentals
- Modern unit interiors with full appliance packages, air conditioning, tenant-controlled HVAC, and fire sprinkler systems throughout
- Zoned DC-16, offering favorable downtown density with walkable access to transit, employment centers, dining, and retail amenities
Executive Summary
29 S La Salle St is a 14-story, mid-rise multifamily property located in Chicago’s Central Business District. Built in 2021, the asset consists of 216 apartment units within approximately 168,000 square feet of gross building area on a 0.47-acre site.
The property is currently operating at approximately 95% occupancy and is zoned DC-16, supporting high-density residential use in a downtown setting. The unit mix includes studio, one-bedroom, and two-bedroom apartments, with unit sizes ranging from approximately 490 square feet to 1,290 square feet.
Community amenities include a pool, spa, rooftop terrace, resident lounge, gameroom, pet play area, and on-site retail space. The property also features tenant-controlled HVAC systems. Individual units are equipped with air conditioning, heating, kitchen appliances (microwave, oven, refrigerator), sprinkler systems, and full bathrooms with tub/shower configurations.
The asset is improved with a single building and benefits from a central downtown location offering access to employment centers, public transportation, retail, and dining amenities.
The property is currently operating at approximately 95% occupancy and is zoned DC-16, supporting high-density residential use in a downtown setting. The unit mix includes studio, one-bedroom, and two-bedroom apartments, with unit sizes ranging from approximately 490 square feet to 1,290 square feet.
Community amenities include a pool, spa, rooftop terrace, resident lounge, gameroom, pet play area, and on-site retail space. The property also features tenant-controlled HVAC systems. Individual units are equipped with air conditioning, heating, kitchen appliances (microwave, oven, refrigerator), sprinkler systems, and full bathrooms with tub/shower configurations.
The asset is improved with a single building and benefits from a central downtown location offering access to employment centers, public transportation, retail, and dining amenities.
Property Facts
| Sale Type | Investment | Lot Size | 0.47 AC |
| No. Units | 216 | Building Size | 168,000 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 14 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | B | ||
| Zoning | DC-16 | ||
| Sale Type | Investment |
| No. Units | 216 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 168,000 SF |
| Average Occupancy | 95% |
| No. Stories | 14 |
| Year Built | 2021 |
| Zoning | DC-16 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
Site Amenities
- Pool
- Spa
- Tenant Controlled HVAC
- Gameroom
- On-Site Retail
- Pet Play Area
- Roof Terrace
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 113 | - | 490 - 700 |
| 1+1 | 71 | - | 714 - 942 |
| 2+2 | 32 | - | 973 - 1,290 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-16-204-033-0000 | Improvements Assessment | $4,491,944 CAD |
| Land Assessment | $1,073,787 CAD | Total Assessment | $5,565,731 CAD |
Property Taxes
Parcel Number
17-16-204-033-0000
Land Assessment
$1,073,787 CAD
Improvements Assessment
$4,491,944 CAD
Total Assessment
$5,565,731 CAD
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Millennium On LaSalle | 29 S La Salle St
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