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Updated 11 hours ago

701 S Wells St

VERIFIED

Chicago, IL

1 Bed
•
1 Bath

650 Sq. Ft.

Available starting Oct. 1st
Floor plans
1 Bed • 1 Bath
$2,200
650 ft2
1 Available
-
$2,200
Available Oct 1st, 2026
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701 S Wells St
701 S Wells St
701 S Wells St
Amenities
In-unit Laundry
Fireplace
Cable Included
Hardwood Floors
Water Included
Dishwasher
Central A / C
Elevator
Property details
Description

Stunning 1-Bedroom Apartment with Private Terrace and Incredible City Views – 701 S Wells St Unit 803
Welcome to this charming 1-bedroom, 1-bathroom unit in the heart of the Loop! This cozy 650 sqft apartment offers an abundance of natural light and features a huge private terrace with an incredible view of the city skyline.
The kitchen is designed for comfort and functionality, featuring a spacious island and stainless steel appliances, including a fridge, gas stove, microwave, and dishwasher. For your convenience, this unit also includes in-unit laundry. Enjoy the warmth and ambiance of the gas fireplace, perfect for cozy nights in.
The building is extremely well-managed, offering a full-time manager on-site and exceptional amenities, including 24-hour attended door, exercise room, yoga room, business center, sundeck, and a receiving room.
Located just steps from the Loop L trains, Van Buren Station, and Roosevelt Collection shopping, this unit provides the perfect blend of city living and convenience.
Heat, A/C, and cable are included in the rent, with the tenant paying only electricity. The management firm also requires a mandatory Resident Benefits Package for an additional $40/month, which includes renters insurance, positive credit reporting for on-time rental payments, identity fraud protection, and more.
Don't miss out on this fantastic apartment in a prime location – schedule your showing today!
Presented by Fulton Grace Realty

Additional Details
Contact Name: Dorian Moore
Total Unit Count: 1
Last Updated: Updated 11 hours ago
Contact Number: (847) 563-4091
Property manager information
Fulton Grace Realty
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Radiate Holdings, LP 1000.0 1000.0
Radiate Holdings, LP 1000.0 20.0
Comcast Corporation 987.0 35.0
Radiate Holdings, LP 500.0 20.0
ViaSat, Inc. 35.0 3.0
Data from June 2020 provided by the FCC
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Neighborhood
The Loop
This is the area most people are talking about when they say “downtown Chicago” — the second most important commercial district in the U.S. The Loop, Chicago’s central business district, houses brands like MillerCoors, Morningstar, Exelon Corporation, Morton Salt, and dozens more companies that add up to more than a quarter of Chicago’s job market. For the less business-minded, the North Loop also has two main widely renowned features: The Willis Tower and Millennium Park. Willis Tower, formerly known as the Sears Tower, is the U.S.’s second-tallest building — second to the One World Trade Center in NYC — at 108 stories. Millennium Park is where you’ll find Anish Kapoor’s “Cloud Gate” (aka “that iconic mirrored bean sculpture”) as well as the incredible Jay Pritzker Pavilion, which is actually classified as a work of art. Naturally, the neighborhood is also exploding with culture: the Chicago Cultural Center, Art Institute of Chicago, and the Theater District are all in The Loop.

Although it’s a predominantly business-driven area, there are several rental options in The Loop. However, living in one of the world’s centers for culture and commerce comes at a price, with some monthly rents topping $12,000. Fortunately, they mainly range from $2,000 to $3,000, and are readily available year-round.

View All The Loop Apartments

Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 701 S Wells St by bedroom type below.
1 Bedroom
Suggested income:
$79,200
per year
Rent report

701 S Wells St Rent vs. Chicago Average

 701 S Wells St      Chicago Average
1BR
$2,200
$2,088
$0
$750
$1,500
$2,250
$3,000

701 S Wells St is asking 5% more than the average 1 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 2 bedroom apartment, you would pay 19% more per month.

If you downsized to an average priced Chicago studio apartment, you would pay 25% less per month.

701 S Wells St provides 6% less square footage than the average Chicago 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
701 S Wells St
1BR $2,200 $3.40 $6,600
Chicago Average
Studio $1,675 $3.60 $5,026
1BR $2,088 $3.00 $6,263
2BR $2,562 $2.60 $7,687
3BR $3,091 $2.40 $9,273
4BR $2,506 $1.90 $7,519

Availability in Chicago

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 4,358 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
21% 35% 30% 10% 3%
Available Units in Chicago
Studio 2,613
1BR 4,358
2BR 3,719
3BR 1,175
4BR 431
Location
Nearby Colleges

Robert Morris University Chicago

Columbia College-Chicago

Roosevelt University

National Louis University

School of the Art Institute of Chicago

FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on October 01, 2026.
What's the square footage of the available units?
It's 650 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
701 S Wells St has a 1 bedroom unit starting at $2,200.
Where is this property located?
This property is at 701 S Wells St in Chicago, IL. It's 5.3 miles south from the center of Chicago.
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