How 777 South State Street Chicago IL Positions Smart Buyers and Business Owners in the South Loop Market
Every location-driven deal starts with one question: who lives within walking distance, and what do they spend? At 777 south state street chicago il, the answer is a dense, transit-heavy renter base paying roughly $1,990 to $3,055 a month. For business buyers, sellers, and investors in the South Loop, that rent band shows the spending power that supports nearby retail, service, and healthcare practices. Below, our team breaks down the real numbers, mostly in tables you can scan fast.
Key Takeaways
- Current asking rents run from $1,990 (studio) to $3,055 (2 bed, 2 bath), with 10 to 12 units listed as available in fall 2026.
- The site scores 98 Walk, 100 Transit, and 91 Bike, a top-tier foot traffic profile for nearby service businesses.
- Rents here imply a resident household income of roughly $80,000 to $122,000, a strong base for coffee, fitness, pet, dental, and wellness operators.
Property Overview: What Sits at State and 8th
The building is branded “777 South State,” but its official mailing address is 2 E 8th St, Chicago, IL 60605. That detail matters. Title searches, lease documents, and lender files will use the 8th Street address. Our hands-on deal analysis suggests buyers verify both addresses early during due diligence.
| Detail | Information |
|---|---|
| Building Name | 777 South State (signage reads “Seven 7 Apartments”) |
| Official Address | 2 E 8th St, Chicago, IL 60605 |
| Neighborhood | South Loop |
| Property Type | Apartment building (rental) |
| Management Company | Group Fox |
| Leasing Phone | (312) 939-7000 |
| Office Hours | 9 AM to 6 PM, seven days a week |
| Tours | By appointment only |
| Unit Mix | Studio, 1 bed, 2 bed |
| Lease Terms Listed | 11, 12, and 13 months (varies by source) |
| Current Promotion | Move-in specials for new residents |
Chicagoland dealmakers are noting that buildings like 777 south state street chicago il anchor steady residential demand near Grant Park, museums, and downtown offices. That demand flows straight into the storefront economy around it.
Current Unit Pricing and Availability (Fall 2026)
The live listing data on Zillow shows 10 available units. Prices are base rent only and may exclude fees. Always confirm the total monthly cost with leasing staff.
| Unit Type | Sq Ft | Available | Base Rent | Rent per Sq Ft |
|---|---|---|---|---|
| Studio, 1 bath | 480 | Dec 1 | $1,990 | $4.15 |
| 1 bed, 1 bath | 747 | Now | $2,090 | $2.80 |
| 1 bed, 1 bath | 747 | Now | $2,135 | $2.86 |
| 1 bed, 1 bath | 747 | Oct 14 | $2,230 | $2.99 |
| 2 bed, 1 bath | 860 | Now | $2,785 | $3.24 |
| 2 bed, 1 bath | 938 | Oct 23 | $2,785 | $2.97 |
| 2 bed, 1 bath | 860 | Now | $2,795 | $3.25 |
| 2 bed, 1 bath | 860 | Now | $2,810 | $3.27 |
| 2 bed, 1 bath | 950 | Now | $2,830 | $2.98 |
| 2 bed, 2 bath | 968 | Now | $3,055 | $3.16 |
What the Pricing Tells Us
- Best value per square foot: the 1 bed at $2,090 ($2.80/sq ft).
- Highest per square foot: the studio at $4.15, typical for small-format units.
- Floor premium spread: identical 747 sq ft 1 beds range $140 apart.
- 2 bed spread: just $45 between the cheapest and priciest 860 sq ft units.
Floor Plan Comparison
The Redfin listing groups units into four floor plans and reports 12 units available now. Redfin shows a slightly lower 1 bed starting rent of $1,995. Small gaps like this are normal across listing platforms.
| Floor Plan | Beds/Baths | Sq Ft Range | Starting Rent | Units Available |
|---|---|---|---|---|
| Convertible Studio | Studio / 1 | 480 to 610 | $1,990 | Available Oct 30 |
| One Bedroom | 1 / 1 | 725 to 747 | $1,995 | 3 now |
| Two Bed, One Bath | 2 / 1 | 860 to 950 | $2,785 | 4 now |
| Two Bed, Two Bath | 2 / 2 | 968 | $3,055 | 1 now |
Platform Price Check
| Unit Type | Zillow Start | Redfin Start | Difference |
|---|---|---|---|
| Studio | $1,990 | $1,990 | $0 |
| 1 Bed | $2,090 | $1,995 | $95 |
| 2 Bed | $2,785 | $2,785 | $0 |
At Chicagoland Business Broker, we treat cross-platform checks the same way we treat financial statement reconciliation in a business sale. Two sources beat one.
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Full Amenity List
The amenity package at 777 south state street chicago il targets students, young professionals, and pet owners. That resident profile shapes which nearby businesses thrive.
| Category | Amenity | Business Signal |
|---|---|---|
| Wellness | Indoor pool, fitness center | Residents value health; wellness spending is likely |
| Work | Business center, resident lounge | Remote and hybrid workers on site during the day |
| Outdoor | Sundeck, grilling stations | Social, lifestyle-focused residents |
| Pets | Dog park, pet wash station | Strong demand for grooming, daycare, vet services |
| Transport | Bike room, parking garage | Mixed commuters: transit, bike, and car |
| Service | 24-hour concierge | Higher package and delivery volume |
| Creative | Art studio | Arts-oriented resident base |
| Flexibility | CORT furnished options | Short-stay and relocating professionals |
| Perks | Fox Features Program discounts | Partnerships with local merchants possible |
| Lifestyle | Spruce Lifestyle Services | Residents pay for convenience services |
| Operations | On-site management and maintenance | Stable, professionally run property |
| Policy | Smoke-free building | Health-conscious tenant pool |
If you’ve been tracking Illinois business sales, this pattern won’t come as a surprise. Amenity-rich buildings create convenience-driven spenders, and those spenders keep local service businesses profitable.
Pet and Parking Policies
| Policy | Dogs | Cats |
|---|---|---|
| Allowed | Yes | Yes |
| One-Time Fee | $500 | $500 |
| Weight Limit | 100 lb combined | 100 lb combined |
| Breed Restrictions | Contact leasing team | Not listed |
| Parking Feature | Details |
|---|---|
| Type | On-site parking garage |
| Bike Storage | Dedicated bike room |
| Car Need | Low, given a 100 Transit Score |
Our team observed that pet-friendly towers feed demand for groomers, dog walkers, and veterinary clinics. These are businesses we value and sell regularly across Cook County.
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Transit and Walkability Scores
Location quality is the first variable in any storefront valuation. The data for 777 south state street chicago il sits near the top of every scale.
| Metric | Score | Rating |
|---|---|---|
| Walk Score | 98 / 100 | Walker’s Paradise |
| Transit Score | 100 / 100 | Rider’s Paradise |
| Bike Score | 91 / 100 | Biker’s Paradise |
Local Logic Neighborhood Ratings
| Factor | Score | What It Means |
|---|---|---|
| Walkability | 9.9 / 10 | Daily errands need no car |
| Transit | 10.0 / 10 | World-class public transportation |
| Bikeability | 8.8 / 10 | Biking works for most trips |
| Wellness Amenities | 9.4 / 10 | Exceptional nearby wellness options |
| Activity Level | 9.3 / 10 | Busy all day long |
| Quiet | 0.1 / 10 | High noise from many sources |
The noise score is the one real trade-off. For retail buyers, though, high noise usually means high foot traffic, which supports revenue stability.
Nearby Schools
| School | Grades | Distance | GreatSchools Rating | Notes |
|---|---|---|---|---|
| South Loop Elementary | PK to 8 | 0.8 to 0.9 mi | 8/10 | Test scores 9/10, student progress 7/10 |
| Phillips Academy High School | 9 to 12 | 3.3 mi | 1/10 | College readiness 1/10 |
The strong elementary rating helps attract young families, while the weaker high school assignment pushes some families toward selective enrollment or private options. For business owners, that suggests a resident base skewed toward singles, couples, and families with younger kids.
Climate Risk Profile
Lenders and SBA underwriters increasingly ask about environmental risk. Here is the current profile for the area around the building.
| Risk Factor | Score | 30-Year Outlook |
|---|---|---|
| Flood | 1/10 | Minimal risk of flooding reaching the building |
| Fire | 1/10 | Wildfire unlikely |
| Heat | 3/10 | 7 days above 100°F expected this year |
| Wind | 2/10 | 0% chance of strong winds projected |
| Air Quality | 3/10 | 3 unhealthy days expected this year |
| Sun Exposure | Hours per Day |
|---|---|
| June | 10.3 |
| December | 3.3 |
Low flood and fire scores can help with insurance pricing for nearby commercial tenants, a quiet but real factor in cash flow modeling.
South Loop Market Context
The 60605 ZIP code carries a median rent near $2,500, with a typical range of $1,800 to $4,000. That puts 777 south state street chicago il squarely in the middle of the market.
South Loop Rental Comps
| Property | Address | Studio | 1 Bed | 2 Bed | Notes |
|---|---|---|---|---|---|
| 777 South State | 2 E 8th St | $1,990 | $1,995 to $2,090 | $2,785 | 10 to 12 units open |
| Astoria Tower | 8 E 9th St | $1,979 | $1,899 | $2,579 | 37 units available |
| 731 Plymouth | 731 S Plymouth Ct | N/A | $1,799 | $2,199 | 3 bed at $3,199 |
| 41 E 8th St | 41 E 8th St | N/A | N/A | $3,250 to $3,400 | 2 bath, 1,300 sq ft |
| 1001 South State | 1001 S State St | $2,432 to $4,722 range | Total monthly price | ||
| AMLI 900 | South Loop | $2,161 to $4,728 range | Total monthly price | ||
| 1401 S. State | 1401 S State St | $2,261 to $4,370 range | Total monthly price | ||
| 626 on the Park | South Loop | $2,299 to $5,997 range | Fees may apply |
Where 777 South State Lands
| Position | Finding |
|---|---|
| Vs. 60605 median ($2,500) | 1 beds sit about $410 to $505 below median |
| Vs. Astoria Tower | Slightly higher on 1 and 2 beds; similar studio pricing |
| Vs. newer luxury towers | Starting rents run $170 to $440 lower |
| Supply signal | Active specials and double-digit vacancies suggest renter leverage |
Chicagoland dealmakers are noting that visible move-in specials across the South Loop signal a renter-friendly market heading into winter. For business buyers, that means population is steady, but landlords are competing harder.
How 777 South State Street Chicago IL Positions Smart Buyers and Business Owners in the South Loop Market At 777 south state street chicago il, the answer is a dense, transit-heavy… @ChicagoREALTORS @ChooseChicago @chicagoloop2 https://t.co/FZEPzRPQS7
— Chicagoland Business Broker (@chicagoland55) October 12, 2026
Business Location Value Analysis
This is where our business brokerage lens comes in. A building’s rent roll tells us what nearby operators can expect from foot traffic.
Implied Resident Income
Using the common 30% rent-to-income rule:
| Unit Type | Monthly Rent | Implied Annual Household Income |
|---|---|---|
| Studio | $1,990 | ~$79,600 |
| 1 Bed | $2,090 | ~$83,600 |
| 2 Bed, 1 Bath | $2,785 | ~$111,400 |
| 2 Bed, 2 Bath | $3,055 | ~$122,200 |
Best-Fit Business Types Near 777 South State
| Business Type | Demand Driver | Our Fit Rating |
|---|---|---|
| Pet grooming and daycare | Dog park, pet wash, pet-friendly policy | High |
| Boutique fitness and yoga | Wellness score 9.4, health-conscious tenants | High |
| Coffee and quick-service food | Walk Score 98, all-day activity | High |
| Dental and medical practices | Stable, insured professional residents | High |
| Dry cleaning and laundry service | Busy professionals, convenience culture | Medium to High |
| Coworking or study cafés | Students and hybrid workers | Medium |
| Car-dependent retail | Low car reliance, Transit Score 100 | Low |
Our hands-on deal analysis suggests healthcare practices perform especially well near transit-rich residential towers. With 25+ years of practice sales experience, we’ve seen patient retention climb when offices sit within a short walk of home.
How Location Moves Valuation
| Valuation Factor | Weak Location | South Loop / State and 8th |
|---|---|---|
| Foot traffic | Car-dependent, seasonal | Steady, year-round |
| Customer base | Thin, scattered | Dense, walkable |
| Lease risk | Higher vacancy | Strong backfill demand |
| SDE multiple impact | Often discounted | Often supported or improved |
| Buyer pool | Smaller | Larger, more competitive |
Location never replaces clean books, but it can shift buyer confidence and financing terms in your favor.
Buyer vs. Renter Considerations
Some readers are weighing a rental here against buying a condo nearby. Others are business owners deciding where to live near their shop. Here is the real comparison.
Nearby Condos for Sale
| Address | Beds/Baths | List Price |
|---|---|---|
| 1 E 8th St #605 | 2 / 2 | $374,000 |
| 801 S Plymouth Ct #306 | 2 / 2 | $295,000 |
| 801 S Plymouth Ct #1006 | 2 / 2 | $290,000 |
| 640 S Federal St #802 | 2 / 2 | $290,000 |
| 124 W Polk St #504 | 1 / 1 | $299,000 |
| 520 S State St #804 | 1 / 1 | $319,999 |
Rent vs. Buy Decision Table
| Factor | Renting at 777 South State | Buying a Nearby Condo |
|---|---|---|
| Upfront cost | Deposit plus $500 pet fee | Down payment plus closing costs |
| Monthly cost (2 bed) | $2,785 to $3,055 base rent | Mortgage plus HOA plus taxes |
| Flexibility | 11 to 13 month leases | Long-term commitment |
| Amenities | Pool, gym, concierge included | Depends on the HOA |
| Equity | None | Builds over time |
| Maintenance | On-site team handles it | Owner pays in-unit repairs |
| Best for | Relocating pros, new business owners | Owners staying 5+ years |
Illustrative Ownership Math
| Assumption | Value |
|---|---|
| Purchase price | $295,000 |
| Down payment (20%) | $59,000 |
| Loan amount | $236,000 |
| Assumed rate (30-year fixed) | 6.5% |
| Principal and interest | ~$1,492 per month |
| HOA and property taxes | Varies; confirm per unit |
These figures are illustrative only. Confirm rates, HOA dues, and tax bills with a lender and listing agent before deciding.
For business buyers relocating to manage a new acquisition, our team often recommends renting first at a place like 777 south state street chicago il. It keeps liquidity available for working capital and SBA loan reserves during the first year of ownership.
Action Steps for Buyers, Sellers, and Investors
If you’re buying a South Loop business:
- Map residential towers within a 5-minute walk of the storefront.
- Compare rent levels to estimate customer spending power.
- Review the commercial lease for renewal options and assignment terms.
- Request 3 years of tax returns and verify SDE.
If you’re selling a South Loop business:
- Highlight Walk and Transit Scores in your marketing package.
- Document repeat customer data tied to nearby residents.
- Get an on-site business appraisal before listing.
- Clean up add-backs so buyers and lenders trust the numbers.
If you’re investing in nearby real estate:
- Track vacancy and concessions across comps monthly.
- Watch move-in specials as an early demand signal.
- Factor insurance savings from low flood and fire risk.
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FAQ
What is the official address of 777 South State?
The mailing address is 2 E 8th St, Chicago, IL 60605. The building is branded after its State Street frontage.
Who manages the building?
Group Fox manages the property. Leasing can be reached at (312) 939-7000.
How much is rent at 777 south state street chicago il?
Current base rents at 777 south state street chicago il start at $1,990 for a studio, about $1,995 to $2,090 for a 1 bed, and $2,785 to $3,055 for a 2 bed.
Are pets allowed?
Yes. Dogs and cats are welcome with a $500 one-time fee and a 100 lb combined weight limit.
What lease terms are available?
Listings show 11, 12, and 13 month terms. Confirm current options with the leasing office.
Is parking available?
Yes. The building has an on-site parking garage and a bike room.
What are the transit and walk scores?
Walk 98, Transit 100, and Bike 91.
Why does this building matter to business buyers?
It signals a dense, middle-to-upper income renter base that supports service, wellness, pet, and healthcare businesses nearby.
The Bottom Line for South Loop Dealmakers
The numbers at 777 south state street chicago il tell a clear story. Mid-market rents, elite transit access, and a pet-friendly, wellness-minded resident base create steady demand for the businesses around State and 8th. For buyers, that means lower location risk. For sellers, it means a stronger story to tell in your offering memorandum.
At Chicagoland Business Broker, we combine business sales, on-site appraisals, and loan negotiation support to turn location data like this into real deal value. If you’re buying, selling, or valuing a business or healthcare practice in the South Loop or anywhere across Cook, Lake, DuPage, and McHenry Counties, reach out to our team at Chicagoland Business Broker for a confidential consultation.
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