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IllinoisMultifamily

Peak Properties takes on management assignment for 23-unit apartment property in Chicago’s Old Town neighborhood

November 26, 2025
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Photo courtesy of Peak Properties.

Peak Properties announced its newest management assignment at 1553 N. Wells Street, a boutique luxury community in the Old Town neighborhood of Chicago.

The property features 23 upscale apartments and one ground-floor commercial space, currently home to Philz Coffee.

Located in the perfect Old Town location, the building places residents steps from everything the neighborhood is known and loved for—iconic dining, vibrant entertainment, charming local shops, and beloved cultural destinations. With Second City, Foxtrot, Kamehachi, Corcoran’s, and Zanie’s within one block, residents can experience the full Old Town lifestyle just outside their front door. Everyday conveniences are also within easy reach, with ALDI and Jewel-Osco in the neighborhood, as well as a short walk to Lincoln Park and the Chicago History Museum for peaceful outdoor escapes.

While multiple CTA bus routes and the Sedgwick and Clark/Division L stations are within walking distance, the property’s true advantage lies in its walkability and immediate proximity to Old Town’s offerings.

The building features red-brick exteriors, large windows, stainless steel appliances, quartz countertops, custom dual-tone kitchen cabinets, designer tile backsplash, in-unit laundry, individual HVAC, and private balconies. Community amenities include a dog run, elevator, and garage parking.

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