Property Overview

The Loyola

Completed in August 2021, The Loyola is a new construction, student housing development, located next to Loyola University's Chicago Lake Shore Campus, at 1315-1321 W Loyola. This boutique building features 11 residences (49 beds), one retail space, 15 garage parking spaces, a shared community room, a fitness room, and a rooftop deck. Located steps from the Quad, student residents can walk to the many local entertainment and dining options, the Loyola red line stop, and to classes.
 
Completed in August of 2021, the property was unable to capitalize on the student housing lease-up period. The Loyola presents a unique opportunity to acquire a new construction asset, well below replacement cost, with the ability to enhance the value through proper marketing and leasing of the units in the upcoming leasing seasons.

Highlights

  • Boutique New Construction Student Housing
  • Great Location Next To Loyola University
  • Modern Finishes
  • Student Driven Amenities

Key Details

TRANSACTION DATE
2022
SALE PRICE
$5,700,000
NUMBER OF BEDS
49
NUMBER OF RETAIL
1 ~1,500 SF
SUBMARKET
Rogers Park
PARKING
15 Garage
YEAR BUILT
2021