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800 S Wells St
Chicago, IL 60607
River City Apartments · Multifamily Property For Sale
·
448 Units
Investment Highlights
- Iconic architecture by Bertrand Goldberg; unique riverfront setting.
- Enhanced by The 78 megadevelopment, which boosts long-term appreciation and transit connectivity.
- Units feature high-end finishes: quartz counters, stainless steel appliances, LVT flooring, Spanish tile baths, walk-in closets.
- Strong submarket fundamentals: South Loop rent growth 5.2-5.4% YoY; 0.75% new supply ratio. Ranked as the #2 major U.S. metro for rent growth.
- Comprehensive community amenities: rooftop skyline park, 15th-floor sundeck, health club, 70-slip private marina, coworking space, fitness center, and
Executive Summary
The property sits steps from The 78, a $7 billion mixed-use megadevelopment with anticipated major additions such as the Chicago Fire FC Stadium, office, retail, and a new CTA Red Line station. It is near the Loop, Grant Park, Lake Michigan, Illinois Medical District, and major highways (I-90/94, I-55).
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 448 | Lot Size | 3.57 AC |
| Property Type | Multifamily | Building Size | 728,610 SF |
| Property Subtype | Apartment | No. Stories | 17 |
| Apartment Style | Hi-Rise | Year Built | 1986 |
| Zoning | PD 225 | ||
| Sale Type | Investment |
| No. Units | 448 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 3.57 AC |
| Building Size | 728,610 SF |
| No. Stories | 17 |
| Year Built | 1986 |
| Zoning | PD 225 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Bay Window
- Ceiling Fans
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Waterfront
- Doorman
- Package Service
- Wi-Fi
- Bicycle Storage
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 69 | - | 567 - 653 |
| 1+1 | 272 | - | 653 - 746 |
| 2+2 | 41 | - | 990 |
| 2+2.5 | 19 | - | 1,298 - 1,560 |
| 3+2.5 | 41 | - | 1,509 - 1,560 |
| 3+3.5 | 3 | - | 1,994 |
| 4+3.5 | 3 | - | 2,213 |
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,546,511 | |
| Land Assessment | $471,529 | Total Assessment | $7,018,040 |
Property Taxes
