An Investor-Friendly Opportunity in River North: No Rental Cap, Full Amenities

For buyers exploring Chicago real estate as an investment, building rules matter just as much as location and condition. Rental caps, waitlists, and restrictive lease policies can significantly impact flexibility and long-term performance.

That’s what makes 400 N LaSalle Dr, Unit 2312, a compelling opportunity.

This residence is located in a full-amenity River North building with no rental cap, allowing owners to lease their unit without percentage limits or waiting periods, provided the lease meets the one-year minimum term required by the association.

Why No Rental Cap Matters

Many condominium buildings in Chicago restrict the number of rentable units, which can limit income potential and create uncertainty if your plans change. A building with no rental cap offers meaningful advantages for investors.

Benefits include:

• Immediate leasing flexibility

• Predictable income planning

• Strong appeal to future investor buyers

• Easier transitions between owner-occupancy and rental use

In a neighborhood like River North, where rental demand remains consistent, this flexibility is especially valuable.

One-Year Minimum Lease: Stability Without Over-Restriction

The building’s one-year minimum lease requirement supports stability for both owners and residents while still allowing for long-term flexibility. Many investors prefer this structure as it helps reduce turnover and aligns with the expectations of tenants seeking a longer-term home.

Full-Amenity Living Supports Rental Demand

Building amenities play a major role in tenant retention and rental performance. Residents at 400 N LaSalle benefit from:

• 24-hour door staff

• Fitness center

• Sun deck with firepits and seating

• Outdoor pool and jacuzzi

• Pet-friendly policies

These features help attract renters who value convenience, security, and lifestyle, often translating into longer tenancies.

Inside the Home: A Layout That Performs Well

Beyond the building fundamentals, the unit itself is well positioned for both investors and owner-occupants. The open, sun-filled living area features wide-plank flooring, expansive windows with skyline views, and a Juliet balcony that brings in natural light while maintaining a clean, efficient layout. A dedicated home office nook adds flexibility, a feature that continues to resonate strongly with today’s renters.

The updated kitchen includes white cabinetry, granite countertops, stainless steel appliances, and a built-in dining counter that maximizes usability without sacrificing flow. The bedroom is generously sized with large windows and ample closet space, while the full bathroom offers a soaking tub and shower with tile surround. In-unit washer and dryer and thoughtful storage throughout complete a move-in-ready package designed to minimize maintenance and maximize appeal.

River North Location: Consistent Demand

River North continues to be one of Chicago’s most reliable rental markets thanks to its walkability, access to public transit, proximity to employment centers, dining, nightlife, and the Chicago Riverwalk. Easy access to multiple L lines and I-90/94 further strengthens long-term demand and resale value.

The Bottom Line

A no-rental-cap building, one-year minimum lease requirement, full amenities, and a well-designed, move-in-ready unit create a rare combination in a prime River North location. For buyers seeking an investor-friendly property with flexibility and stability, this opportunity checks important boxes.

If you’d like to review building details, rental considerations, or explore similar investor-friendly options in Chicago, we’re happy to help.

Investor FAQ

Is there a rental cap in this building?
No. The building does not have a rental cap, allowing owners to lease without waiting lists or percentage restrictions.

What is the minimum lease term?
The building requires a minimum one-year lease.

Is this a full-amenity building?
Yes. Amenities include door staff, fitness center, sun deck, outdoor pool, jacuzzi, and pet-friendly policies.

Does the unit have in-unit laundry?
Yes. The home includes an in-unit washer and dryer.

Is River North a strong rental market?
Yes. River North consistently attracts renters due to its location, transit access, and lifestyle amenities.

Can this unit work for both investors and owner-occupants?
Yes. The layout, condition, and building rules support both uses, offering long-term flexibility.