ON MARKET – MULTI-FAMILY
The Loyola Collection Chicago, IL
PRICE
Subject to Offer
NUMBER OF UNITS
28
CAP RATE
0%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale The Loyola Collection, which consists of three (3) brand new construction mixed-use properties containing a total of 22 apartments and 10,775 SF of prime retail space on the edge of Loyola’s Lakeshore campus. The subject properties are all situated within steps of one another, at 1244 W. Devon Ave., 1303 W. Devon Ave., and 1325 W. Devon Ave making for easy and efficient management. The portfolio boasts an attractive unit mix of three (3) 2Bd/2Ba units, seventeen (17) 3Bd/2Ba, two (2) 3Bd/3Ba units, as well as approximately 10,775 SF of first floor commercial space. The properties may be purchased individually or as a portfolio.

The Loyola Collection has exceptional visibility along Devon Avenue, located just steps from Loyola University, Loyola CTA Red Line, and Lake Michigan. This highly sought-after location provides residents, such as Loyola University students, with easy access to restaurants, entertainment, grocery, fitness options and downtown Chicago. With its desirable location and unique attributes, this portfolio offers an investor the opportunity to acquire a sizeable footprint of new construction student housing that is rarely available in this area.

LOCATION DETAILS

Loyola University’s Lake Shore Campus is located 14 miles north of Chicago’s Central Business District. This location serves as the primary campus and home to more than 4,300 students and faculty. A multitude of transportation options connects the Lake Shore Campus to Loyola’s downtown campus such as the CTA Red Line, Union Pacific North Metra Line and CTA Bus Stops.

Loyola University has historic academic buildings, robust transportation systems, beautiful parks, and lakefront access. The campus, which serves a diverse population including young professionals and faculty, features trendy restaurants and outdoor activities. Several recent multi-family developments along Devon Avenue & Broadway have successfully attracted students, faculty, and visitors to this premier collegiate living experience.

HIGHLIGHTS
  • Loyola Student Housing – Steps From the University
  • Phenomenal Visibility Along Devon Avenue
  • 63 Total Bedrooms & 22 Parking Spaces
  • High-End Apartments with Spacious Layouts
  • 0.3 Miles to Loyola CTA Red Line ‘L’ Station
  • Retail Master Lease Negotiable
LISTING BROKER
Matt Feo
Director
224.305.4102