1311 E 57th. St — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60637
  • Size: 8,445 SF

Photos

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Description

1311 E. 57th Street presents a distinctive retail and office leasing opportunity in Chicago’s Hyde Park neighborhood, positioned one block from the University of Chicago campus. The available space totals 5,000 SF and features an open, flexible configuration suited for an variety of office layouts service, and other commercial concepts. Current marketing lists the space at $24.00/SF/YR NNN, or $10,000 per month. The interior offers high ceilings exceeding 20 feet, a modern build-out, kitchenette, multiple functional areas, basement storage, and an upper-level component overlooking the main floor. Parking is also available. These characteristics provide users with an adaptable environment capable of accommodating both customer-facing and professional operations. The underlying property profile identifies a masonry building constructed in 1915, containing 8,445 SF of living/building area on a ±6,700 SF / 0.15-acre parcel, with three stories plus a basement. The property is identified under APN 20-14-215-003. Building SF: 8445 | Listing Type: FOR LEASE

Market Context

This office in Chicago, IL is listed for lease across 8,445 SF. Compare it against other office listings for lease in Chicago, IL — view the full market.

As of Q1 2026, the Chicago office market showed a 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the Chicago office market tightening or softening?
Vacancy is around 27.2% (Q1 2026).

Estimated Market Rate

$3.19/SF/mo – $4.48/SF/mo

Mid: $3.84/SF/mo

Estimated total for 8,445 SF: $32,429 per month

First seen on CREHunt: Sep 27, 2026

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