1100 N Dearborn 1100 North Dearborn Street

CBRE, Inc., as exclusive advisor, is pleased to present to qualified investors the rare opportunity to acquire 1100 North Dearborn, a 247-unit, 20-story, mixeduse multifamily tower with 8,751 SF of ground floor retail in the prestigious Gold Coast submarket of downtown Chicago.

Originally built with craftsmanship and quality in 1930, this landmark vintage property offers desirable floor plans with 9’ ceilings and ample amenity space prime for a renovation program to take this asset into its next chapter. 1100 North Dearborn Apartments offers original, refreshed, and fully updated unit interiors. Renovated units are achieving rent premiums and fully support an additional renovation strategy that would further increase rents and compete with newer construction while still maintaining an attractive chunk rent gap. With further investment into a comprehensive renovation of common areas and amenities, there is potential for an even greater mark to market. Boasting old-world art deco design details that cannot be replicated, 1100 N. Dearborn offers a different type of product that cannot be found in the market today. The art deco building contains a charming ornate lobby area, handsome metal ornamentation, exterior stone figures, arched ceilings, walnut paneling, & lavish décor. Juxtaposing the best of both worlds, the property also features modern amenities and conveniences with a fitness center & expansive rooftop deck with panoramic city views.

​​​​​​​Residents at this stunning property enjoy an ideal live-work-play lifestyle in an irreplaceable Gold Coast location centrally located to the neighborhoods and steps to the Chicago “El stations” and bus lines providing great access to the CBD. Boasting a 100-walk score, the location attracts residents due to the walkable urban lifestyle it provides near a plethora of employment, retail, and entertainment opportunities including the Magnificent Mile, Oak Street Beach, and Chicago’s Lakefront Trail. The Gold Coast continues to be one of the most affluent neighborhoods in the country & the center of Chicago’s wealth, with designer boutiques, celebrated restaurants, and some of the most luxurious condos, apartments, and hotels in the city. 1100 North Dearborn has been exceptionally well-maintained by current ownership & represents a generational opportunity with value-add potential. In addition to interior improvements, there are other revenue enhancement opportunities by instituting RUBS charges for utilities & rolling the retail tenants to NNN at higher rents. This rare investment opportunity is available on an all-cash basis.