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The Cooper 720 S Wells St 452 Unit Apartment Building For Sale Chicago, IL 60607
Investment Highlights
- 452-unit, 29-story high-rise totaling ±458,500 SF with modern construction (2018)
- On-site retail enhances tenant experience and provides additional income potential
- Wide-ranging unit mix from studios to 3-bedroom layouts (±451 SF to 2,123 SF) capturing broad renter demand
- Recently constructed asset with durability, minimal near-term capital needs, and long-term hold appeal
- Efficient vertical design on ±1.09 acres with DX-12 zoning enabling long-term value preservation
- Resort-style pool, state-of-the-art fitness center, roof terrace, controlled access, and expansive resident offerings
Executive Summary
The property offers a diverse unit mix ranging from studio to three-bedroom layouts, with unit sizes spanning approximately 451 square feet to 2,123 square feet. Units are individually metered and feature contemporary finishes and full appliance packages. The asset is supported by four passenger elevators and includes structured or surface parking accommodating approximately 230 vehicles.
Residents benefit from a full suite of amenities, including controlled access entry, a fitness center, swimming pool, roof terrace, and bicycle storage. The property also includes on-site retail components and 24-hour access, enhancing convenience and livability for tenants.
Situated on approximately 1.09 acres and zoned DX-12, the property is designed as a dense, urban multifamily development with efficient land utilization and vertical construction.
The asset presents an opportunity to acquire a recently constructed, large-scale multifamily property with modern amenities, high-density design, and a broad unit mix catering to a wide tenant base. The property’s institutional quality and relatively recent construction position it as a competitive offering within its submarket.
Property Facts
| Sale Type | Investment | Lot Size | 1.09 AC |
| No. Units | 452 | Building Size | 458,500 SF |
| Property Type | Multifamily | No. Stories | 29 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Hi-Rise | Parking Ratio | 0.5/1,000 SF |
| Building Class | A | ||
| Zoning | DX-12 | ||
| Sale Type | Investment |
| No. Units | 452 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | A |
| Lot Size | 1.09 AC |
| Building Size | 458,500 SF |
| No. Stories | 29 |
| Year Built | 2018 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | DX-12 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Energy Star Labeled
- On-Site Retail
- Roof Terrace
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 189 | - | 451 - 581 |
| 1+1 | 147 | - | 678 - 850 |
| 2+2 | 88 | - | 993 - 1,421 |
| 2+2.5 | 15 | - | 1,153 - 1,938 |
| 3+2.5 | 1 | - | 1,464 |
| 3+3 | 2 | - | 1,464 - 1,997 |
| 3+3.5 | 10 | - | 1,940 - 2,123 |
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,943,880 CAD | |
| Land Assessment | $1,316,249 CAD | Total Assessment | $16,260,129 CAD |
Property Taxes
Presented by
The Cooper | 720 S Wells St
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