Turnkey new construction investment centrally located on the Taylor Street corridor between Illinois Medical District to the West and University of Illinois Chicago to the East. 2019 construction with a desirable unit-mix, modern in-unit amenities and luxury finishes including in-unit laundry, granite countertops, individual HVAC, private balconies, etc.

The first floor is leased to a national tenant – Insomnia Cookies – on a new 10-year net lease providing stable, long-term cash flow. Value-add potential with increases in rent to reflect recent rental comps in the area , finishing out the rooftop deck and monetizing the basement storage area. Low expense ratio with Insomnia responsible for 50% of the property taxes and building insurance.

– 560 acres, 29,000 employees and 50,000 daily visitors. Generated $3.4 billion in economic opportunity. Largest medical district in North America.
– Four major hospitals – Jesse Brown VA Medical Center, Rush University Medical Center, Stroger Hospital of Cook County, and University of Illinois Hospital.
– 22,000 undergrad and 12.000 postgrad students
– UIC is the largest university in the Chicago Metro Area
– No on-campus housing requirements. Only 50% of freshman live in on-campus housing.