ChicagoDowntown / Loop

Smaller buildings renting rapidly in West Loop

by Joe Zekas on 7/22/14

A number of smaller new West Loop apartment buildings built by Michigan Avenue Real Estate Group have leased up rapidly, at rents comparable to those charged at full-amenity towers in the neighborhood.

All of the 54 new apartments at 20 – 22 N Aberdeen, which became available for occupancy beginning July 1, have been rented. The sole remaining unit is a 2-bedroom, 2-bath priced at $2,500 a month.

The complex included two studios renting for $1,500, 14 1-bedrooms renting from $1,900 to $2,700, and 38 2-bedroom, 2-baths priced t $2,500 to $3,400. A covered parking spot was included in the rent.

Nearby buildings at 3 and 4 N Aberdeen from the same developer are fully rented.

Eight of the 24 2-bedroom, 2-bath units at 1000 W Van Buren, which is slating September occupancy, have been pre-leased. Units in the building are being offered at $2,600 to $3,200 a month.

Construction is well along at 1615 W Warren, where Michigan Avenue Real Estate Group is touting 52 units as “Coming soon.”

Share:
  • Facebook
  • Google Buzz
  • Digg
  • LinkedIn
  • StumbleUpon
  • del.icio.us
  • Google Bookmarks
  • Live
  • Posterous
  • Reddit
  • Technorati
  • Tumblr
  • email

Related posts:

  1. Two new West Loop apartment buildings near completion
  2. Lakeview’s Halsted Flats is renting rapidly
  3. West Loop infill apartments, a construction update
  4. An updated look at new West Loop apartments

Leave a Comment

Previous Post:

Next Post: