ChicagoDowntown / Loop

Want to buy a South Loop apartment tower?

by Joe Zekas on 4/4/12

View east from 1401 S State St, Chicago

Crain’s Chicago Real Estate Daily is reporting that 1401 South State has joined the ranks of apartment towers that have been put up for sale within the past two years. We recently commented on two, Parc Huron and EnV, that have fetched high per-unit prices.

The 22-story, 278-unit building is said to be 95% leased and reportedly may sell for $89 million, or $320,000 per unit.

If you’re in the market to rent an apartment rather than buy an entire building, you’ll find every South Loop high-rise linked from our at-a-glance apartment list and map. Most of the buildings have near real-time availability information online, and you can check that info from convenient links on our list.

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