River North High-Rise
For Sale
$341,500
400 N La Salle Drive #2908, Chicago, IL 60610
Spacious 1-bedroom unit with sunset views and premium amenities.
Property Size837 SF
Days on Market412
Property Features for 400 N La Salle Drive #2908
General Information
Standard status
Active
Size
837 SF
Property subtype
Condominium
Amenities
Electric
Central Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Deck
Building Details
Building Size
837 SF
Year Built
2003
Listing Agency:
Americorp
Listed By:
Matt Laricy · License #471003711
(708) 250-2696
Source:
Kw
Added: Aug 23, 2025
Changed: Sep 28
Last Checked: Oct 7 at 11:12AM
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 Americorp
Investment Insights
Based on property information with market context.
Located in a premier River North building, this spacious 1-bedroom, 1-bathroom high-floor unit faces west. The unit features a kitchen with a pass-through breakfast bar, hardwood floors, in-unit washer/dryer, a large balcony, and closets/storage. The bedroom can accommodate a king bed and includes space for a home office. Additional storage is included. Parking is available for lease in the building. The full-service building offers 24-hour door staff, dry cleaners, a landscaped terrace with BBQ and a pool, a fitness center, and a party room. The location is within walking distance to restaurants, shops, parks, and public transportation. The building is pet-friendly and investor-friendly, with no rental cap. The unit is suitable as a home or investment.
Key Highlights
- Unbeatable River North location: Walkable to top restaurants, shops, parks, and public transportation.
- West‑facing, high‑floor unit with LARGE BALCONY and exceptional sunset views (rare '08 Tier').
- Full‑service building: 24‑hour door staff, pool, fitness center, landscaped terrace with BBQ, party room, and dry cleaners.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,953
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,060
$279.1K
Cap Rate 7%
$199,329
$199.3K
Cap Rate 9%
$155,033
$155.0K
Market Conditions
NOI Build-Up for 837 SF
Gross rent
$21.1K $25.20/SF
− Vacancy
−$1.2K −$1.39/SF
EGI
$19.9K $23.81/SF
− OpEx
−$6.0K −$7.14/SF
NOI
$14.0K $16.67/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,060
Cap Rate 7%
$199,329
Cap Rate 9%
$155,033
Alternative Uses
Best Use
Multifamily LT 5
$199.3K
$174.4K – $232.6K
NOI $13,953 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$183.3K
$160.4K – $213.9K
NOI $12,831 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$394.6K
$345.3K – $460.4K
NOI $27,625 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35,831
Businesses Nearby
Explore this area
Business Placement
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
High-rise multifamily apartment - Spacious 1-bedroom unit with sunset views and premium amenities.
Where is this high-rise multifamily apartment located?
The property is located at 400 N La Salle Drive #2908 Chicago, IL.
What is the asking price?
The asking price for this property is $341,500.
What are key features of this property?
This property features: Unbeatable River North location: Walkable to top restaurants, shops, parks, and public transportation.; West‑facing, high‑floor unit with LARGE BALCONY and exceptional sunset views (rare '08 Tier').; Full‑service building: 24‑hour door staff, pool, fitness center, landscaped terrace with BBQ, party room, and dry cleaners.
