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Library Lofts 619 S La Salle St 106 Unit Apartment Building For Sale Chicago, IL 60605
Investment Highlights
- 106 Historic Loft Apartments in Chicago's Highly Desirable Printer's Row Neighborhood
- Current Rents Average $2.80 PSF; 36% Below South Loop Class A Average
- Steps from the Loop, Grant Park, CTA & Metra Rail Lines, Major Employers, Universities & Chicago's Lakefront
- Historic Redevelopment Completed in 2015 Preserving Original Architecture & Character
- Full Amenity Building Featuring: Fitness Room, Resident Lounge, Rooftop Deck With City Views
- Financing Options Available Sourced By Essex Capital Markets
Executive Summary
Library Lofts at the Brock & Rankin Building, a historic 106-unit loft apartment property located at 619 South LaSalle Street in Chicago's highly desirable Printer's Row neighborhood, has been engaged to market for sale. Originally constructed as a commercial printing facility, the Property was thoughtfully redeveloped to preserve the building's history while adding modern amenities.
HISTORIC REDEVELOPMENT COMPLETED IN 2015
The rehabilitation of Library Lofts carefully retained many of the building's defining architectural elements while creating a distinctive residential product that would be extraordinarily difficult to replicate in today's development environment. Originally home to Brock & Rankin, a prominent printer and binder of books, catalogs, encyclopedias, and other commercial publications, the Property's industrial heritage remains evident throughout the building. Apartment homes feature oversized warehouse-style windows, soaring ceilings, exposed structural components, and authentic historic details that resonate with renters seeking character-rich urban living. Current rents average approximately $2.80 per square foot, well below rates achieved by newer Class A developments in Printer's Row.
EXCEPTIONAL PRINTER'S ROW LOCATION
Located in the heart of Printer's Row, residents enjoy immediate access to the Loop, Grant Park, Chicago's lakefront, CTA train lines, major employment centers, universities, restaurants, and neighborhood retail. The combination of historic charm, downtown accessibility, and strong rental demand continues to make Printer's Row one of Chicago's most desirable residential neighborhoods.
HISTORIC REDEVELOPMENT COMPLETED IN 2015
The rehabilitation of Library Lofts carefully retained many of the building's defining architectural elements while creating a distinctive residential product that would be extraordinarily difficult to replicate in today's development environment. Originally home to Brock & Rankin, a prominent printer and binder of books, catalogs, encyclopedias, and other commercial publications, the Property's industrial heritage remains evident throughout the building. Apartment homes feature oversized warehouse-style windows, soaring ceilings, exposed structural components, and authentic historic details that resonate with renters seeking character-rich urban living. Current rents average approximately $2.80 per square foot, well below rates achieved by newer Class A developments in Printer's Row.
EXCEPTIONAL PRINTER'S ROW LOCATION
Located in the heart of Printer's Row, residents enjoy immediate access to the Loop, Grant Park, Chicago's lakefront, CTA train lines, major employment centers, universities, restaurants, and neighborhood retail. The combination of historic charm, downtown accessibility, and strong rental demand continues to make Printer's Row one of Chicago's most desirable residential neighborhoods.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 106 | Building Size | 81,575 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Building Class | B | ||
| Zoning | DX-12 | ||
| Sale Type | Investment |
| No. Units | 106 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 81,575 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built | 2016 |
| Zoning | DX-12 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 480 |
| 1+1 | 92 | - | 690 - 885 |
| 2+1 | 7 | - | 900 - 1,175 |
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Moderately walkable
70/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-16-404-035-0000 | Improvements Assessment | $982,324 |
| Land Assessment | $341,130 | Total Assessment | $1,323,454 |
Property Taxes
Parcel Number
17-16-404-035-0000
Land Assessment
$341,130
Improvements Assessment
$982,324
Total Assessment
$1,323,454
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