502-Unit High-Rise Apartment
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For Sale
Contact for pricing
1255 S Michigan Ave, Chicago, IL 60605
Large-scale multifamily asset with high-rise construction and DX-7 zoning.
Property Size508,816 SF
Days on Market2
Property Features for 1255 S Michigan Ave
General Information
Standard status
Active
Size
508,816 SF
Property subtype
Multifamily
Zoning
DX-7
Additional Details
Multifamily Units
502
Building Details
Year Built
2004
Buildings
1
Units
502
Listing Agency:
(312) 805-2926
Listed By:
Chuck Johanns
(312) 805-2926
Source:
Nmrk
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chuck Johanns
Investment Insights
Based on property information with market context.
Located at 1255 S Michigan Ave in Chicago, this high-rise apartment property contains 502 residential units within 508,816 square feet. The building was completed in 2004 and is positioned as a substantial multifamily asset within the Chicago market.
The property carries DX-7 zoning, providing a defined development classification for the site. Its scale, unit count, and high-rise configuration distinguish it from smaller apartment properties and support evaluation as a significant multifamily holding.
The property carries DX-7 zoning, providing a defined development classification for the site. Its scale, unit count, and high-rise configuration distinguish it from smaller apartment properties and support evaluation as a significant multifamily holding.
Key Highlights
- 508,816 SF high‑rise apartment building
- 502 residential units
- Built in 2004
Property Analytics
Property Profile
Current Use
Lease Details
502
Residential units
Location Intelligence
Trade Area within ½ mile
4,739
Businesses Nearby
Explore this area
Business Placement
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Large-scale multifamily asset with high-rise construction and DX-7 zoning.
Where is this apartment building located?
The property is located at 1255 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: 508,816 SF high‑rise apartment building; 502 residential units; Built in 2004
