State & Grand — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60654
  • Size: 130,843 SF
  • Year built: 2010

Photos

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Description

Jones Lang LaSalle Americas (Illinois), LP is pleased to present State and Grand (the “Property”), a luxury 145-home, high-rise apartment building located in Chicago’s well-regarded River North neighborhood. The Property offers residents a boutique living experience in the heart of the city. State and Grand offers a range of homes, including one-bedroom, two-bedroom and three-bedroom homes, all with spacious floorplans. Residents enjoy an array of shared hotel-quality amenities and upscale homes while being adjacent to all the city has to offer. The Property boasts unobstructed views of Lake Michigan and the Chicago skyline as well as expansive home sizes compared to the the overall market. There is also an opportunity for an investor to modernize interiors and amenities through a value-add strategy. Known for its walkability, River North provides residents with convenient access to downtown employment. The neighborhood’s prime location offers close proximity to countless dining, and shopping options, as well as access to renowned educational and medical institutions, creating the ideal home for young professionals and families alike. This incredible investment opportunity is available free and clear.

Market Context

This multifamily in Chicago, IL is listed for sale across 130,843 SF. The building dates to 2010. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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