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Chicago's 41-Story Tower Hits Market Amid Rising Rents

6/18/2025

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Summary

Story summary

A 41-story apartment tower at 420 E. Ohio St. in Chicago's Streeterville is on the market, listed by Green Cities and CBRE.
The building features 263 units, boasting a nearly 98% occupancy rate and an average rent of $3,208 monthly.
Chicago's limited new apartment supply has driven rents up by 6.25% year-over-year.
Green Cities emphasizes potential upgrades to attract buyers and boost revenue.

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Story summary

A 41-story apartment tower at 420 E. Ohio St. in Chicago's Streeterville is on the market, listed by Green Cities and CBRE.
The building features 263 units, boasting a nearly 98% occupancy rate and an average rent of $3,208 monthly.
Chicago's limited new apartment supply has driven rents up by 6.25% year-over-year.
Green Cities emphasizes potential upgrades to attract buyers and boost revenue.