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939 W Washington Blvd
Chicago, IL 60607
Union West · Multifamily Property For Sale
·
357 Units
Investment Highlights
- 2019 Construction | Stabilized Asset: Recently delivered, institutional-quality multifamily property with 357 units across two buildings
- Efficient Mid-Rise Design: 15-story asset totaling 263,321 SF with 4 passenger elevators
- Strong Occupancy: 95% leased, offering immediate in-place cash flow
- Prime Infill Site: Situated on ±0.99 acres with PD 1385 zoning, offering long-term investment stability
Executive Summary
Institutional-quality, mid-rise multifamily asset delivered in 2019 and comprised of two buildings totaling 357 units and 263,321 square feet. The property features a strong in-place occupancy of 95% and offers a diverse unit mix spanning studios to three-bedroom layouts, with unit sizes ranging from approximately 486 SF to 1,385 SF. The asset benefits from premium on-site amenities including controlled access, 24-hour access, fitness center, conference rooms, lounge areas, package services, pet-friendly features (pet play area and pet washing station), and electric vehicle charging stations.
Residents are supported by 191 parking spaces and four passenger elevators across 15 floors, providing a high level of accessibility and convenience. Units are well-appointed with modern finishes and features including in-unit washer/dryers, air conditioning, full kitchens with appliances, walk-in closets, and private outdoor grilling capabilities. Situated on approximately 0.99 acres and zoned PD 1385, the property represents a stabilized, recently constructed multifamily investment opportunity with minimal near-term capital requirements and strong appeal to institutional investors seeking scale and modern amenities.
Residents are supported by 191 parking spaces and four passenger elevators across 15 floors, providing a high level of accessibility and convenience. Units are well-appointed with modern finishes and features including in-unit washer/dryers, air conditioning, full kitchens with appliances, walk-in closets, and private outdoor grilling capabilities. Situated on approximately 0.99 acres and zoned PD 1385, the property represents a stabilized, recently constructed multifamily investment opportunity with minimal near-term capital requirements and strong appeal to institutional investors seeking scale and modern amenities.
Property Facts
| Sale Type | Investment | Lot Size | 0.99 AC |
| No. Units | 357 | Building Size | 545,430 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 15 |
| Apartment Style | Hi-Rise | Year Built | 2019 |
| Building Class | A | Parking Ratio | 0.54/1,000 SF |
| Zoning | PD 1385 | ||
| Sale Type | Investment |
| No. Units | 357 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | A |
| Lot Size | 0.99 AC |
| Building Size | 545,430 SF |
| Average Occupancy | 95% |
| No. Stories | 15 |
| Year Built | 2019 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | PD 1385 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Grill
- Freezer
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Package Service
- Pet Play Area
- Car Charging Station
- Conference Rooms
- Lounge
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 85 | - | 486 - 640 |
| 1+1 | 204 | - | 622 - 856 |
| 2+2 | 51 | - | 987 - 1,271 |
| 3+2 | 17 | - | 1,230 - 1,385 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,432,180 | |
| Land Assessment | $60,160 | Total Assessment | $1,492,340 |
Property Taxes
Parcel Numbers
Land Assessment
$60,160
Improvements Assessment
$1,432,180
Total Assessment
$1,492,340
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