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Updated 6 hours ago

GRAND PLAZA


540 N State St Chicago, IL

Studio - 2 Bed
1 - 2 Bath

690 - 1,325 Sq. Ft.

Available Now
Deal

Apply within 48 hours of your initial tour of a select residence and get your $450 admin fee credited. Restrictions apply. Contact us for details.

Studio • 1 Bath
$2,701 - $4,966
690 ft2
1 Available
Unit 004005
$2,701+
Available Now
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1 Bed • 1 Bath
$3,070 - $5,026
820 ft2
10 Available
Unit 004709
$3,070+
Available Now
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Unit 002603
$3,197+
Available Now
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Unit 003109
$3,174+
Available Now
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Unit 004009
$3,070+
Available Now
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Unit 002009
$3,174+
Available Now
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Unit 001308
$3,070+
Available Jul 3rd, 2026
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Unit 003209
$3,174+
Available Jul 10th, 2026
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Unit 002303
$3,197+
Available Jul 29th, 2026
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Unit 002608
$3,070+
Available Aug 4th, 2026
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Unit 003908
$3,070+
Available Aug 10th, 2026
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1 Bed • 1 Bath
$3,163 - $4,491
870 ft2
1 Available
Unit 001404
$3,163+
Available Jun 28th, 2026
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1 Bed • 1 Bath
$3,246 - $4,608
900 ft2
1 Available
Unit 001310
$3,246+
Available Jun 30th, 2026
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1 Bed • 1 Bath
$2,751 - $4,616
735 ft2
1 Available
Unit 002406
$2,751+
Available Jul 3rd, 2026
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1 Bed • 1 Bath
$3,272 - $4,897
830 ft2
1 Available
Unit 003902
$3,272+
Available Jul 24th, 2026
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2 Beds • 2 Bath
$4,400 - $6,978
1320 ft2
2 Available
Unit 003911
$4,400+
Available Jul 2nd, 2026
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Unit 004811
$4,400+
Available Jul 17th, 2026
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2 Beds • 2 Bath
$4,526 - $6,961
1325 ft2
1 Available
Unit 004801
$4,526+
Available Aug 2nd, 2026
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3 Beds • 3 Bath
$Ask
2570 ft2
0 Available
Unit 005303
$Ask
Rented
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
99
Walker's Paradise
Transit Score®
100
Rider's Paradise
Bike Score®
82
Very Bikeable
Amenities
Washer / Dryer Connections
Fitness Center
Storage
Refrigerator
Garbage Disposal
Pool
Hardwood Floors
Virtual Walkthrough
Clubhouse
Dishwasher
Basketball Court
Bike Room Available
Spacious Floor Plans
Quartz Counters
Floor To Ceiling Windows
24-hour Maintenance
Balcony, Deck, Patio
Stainless Steel Appliances
Range / Oven
Microwave
Doorman
Freezer
Party Room & Other Resident Lounges
Outdoor Running Track
Outdoor Kitchen & Dining Area
Sundeck
Private Poolside Cabanas
Fees & leasing info
Pets
Pet Friendly Community
Pet Park
Breed Restrictions:

Rottweiler, Doberman, German Shepherd, Pit Bull, American Bulldog, American Staffordshire Terrier, Bull Terrier, Chow, Wolf Breeds, any mix of the aforementioned breeds and any breed that relates to security or guard dogs, sub-breeds of the above mentioned are not allowed.

Number Limit:

2 Pet Max

Cat:

No deposit! No rent! Pet Fee: $625 for dog, $400 for cat | Restrictions: Restricted Breeds: Rottweiler Doberman German Shepherd Pit Bull American Bulldog American Staffordshire Terrier Bull Terrier Chow Wolf Breeds any mix of the aforementioned breeds and any breed that relates to security or guard dogs sub-breeds of the anove mentioned are not allowed Cats must be declawed and all animals must be neutered or spayed One time

Dog:

No deposit! No rent! Pet Fee: $625 for dog, $400 for cat | Restrictions: Restricted Breeds: Rottweiler Doberman German Shepherd Pit Bull American Bulldog American Staffordshire Terrier Bull Terrier Chow Wolf Breeds any mix of the aforementioned breeds and any breed that relates to security or guard dogs sub-breeds of the anove mentioned are not allowed Cats must be declawed and all animals must be neutered or spayed One time

Parking
Covered Parking
More Info:

Indoor Parking Garage

Lease & Fees
Lease Length:

8, 9, 10, 11, 12, 13, 14, 15

Property details
Description

Grand Plaza offers sophisticated rental residences in River North, an impressive entertainment district in the heart of downtown Chicago. Our pet-friendly apartment homes include efficient studios, as well as expansive convertible, one-, two-, and three-bedroom floor plans that feature private balconies, granite countertops, stainless steel appliances, and in-unit washers and dryers. Enjoy over 50,000 square feet of community amenities, such as our outdoor heated pool, sundeck, running track, state-of-the-art fitness center and on-site market. Grand Plaza puts you steps from every landmark and famous location that makes Chicago great. Imagine yourself Living Grand.

Additional Details
Total Unit Count: 481
Last Updated: Updated 6 hours ago
Contact Number: (574) 498-2267
Property manager information
Draper & Kramer
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Office Hours
Monday: 9:00 AM - 6:00 PM
Tuesday: 9:00 AM - 6:00 PM
Wednesday: 9:00 AM - 6:00 PM
Thursday: 9:00 AM - 6:00 PM
Friday: 9:00 AM - 6:00 PM
Saturday: 10:00 AM - 5:00 PM
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Radiate Holdings, LP 1000.0 20.0
Radiate Holdings, LP 500.0 20.0
Access Media Holdings, LLC 200.0 10.0
ViaSat, Inc. 35.0 3.0
Radiate Holdings, LP 25.0 4.0
Data from June 2020 provided by the FCC
Social media posts
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Photos Floor Plans Amenities
Neighborhood
River North
Experience the Magnificent Mile & Michigan Avenue in Chicago’s River North

Chicago was incorporated in 1837 on waterways--for trading--and was re-built in 1871 after the Chicago Fire. The area known today as River North contained warehouses, shipping facilities, railroad tracks, worker’s housing, factories and forges. Because of the number of factories--and the smoke they produced--the area was referred to as Smokey Hollow. When the port was closed the area fell into disrepair as the warehouses and factories vacated and residents moved to the suburbs. From the 1920s through the 1960s it was almost deserted and became known as a red-light district. As artists began to reclaim the large vacated buildings for relatively little money, they turned the old warehouses and factories into galleries, studios, offices and apartments. Real estate developer Albert Friedman coined the name River North to help the area lose its reputation as a derelict district.

River North now has the largest concentration of art galleries outside of Manhattan and a revitalized entertainment industry. It is also home to international corporations such as ConAgra, Groupon and Motorola. The eastern border is Michigan Avenue; the northern edge is Chicago Avenue and the Chicago River is on the south and west perimeters.
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 GRAND PLAZA by bedroom type below.
Studio
Suggested income:
$97,200
per year
1 Bedroom
Suggested income:
$112,400
per year
2 Bedroom
Suggested income:
$159,900
per year
Rent report

If you upsized to an average priced Chicago 4 bedroom apartment, you would pay 33% less per month.

If you downsized to an average priced Chicago 2 bedroom apartment, you would pay 20% less per month.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Chicago Average
Studio $1,630 $3.60 $4,889
1BR $2,104 $3.10 $6,313
2BR $2,537 $2.60 $7,612
3BR $3,055 $2.40 $9,164
4BR $2,304 $1.80 $6,912

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 4,394 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
22% 36% 29% 10% 4%
Available Units in Chicago
Studio 2,663
1BR 4,394
2BR 3,611
3BR 1,175
4BR 464
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Harold Washington Library Center 1.1 mi 24 min 7 min 2 min
Fitness Center 1.4 mi 30 min 8 min 2 min
(Future) Student Center 1.5 mi 30 min 9 min 2 min
Columbia College Library 1.5 mi 28 min 10 min 2 min
Nearby Hospitals
Name Distance
Northwestern Memorial Hospital 0.42 mi.
Ann & Robert H Lurie Children's Hospital Of Chicago 0.46 mi.
Rehabilitation Institute Of Chicago 0.57 mi.
Nearby Fire Stations
Name Distance
Leyden Fire Protection District 0.38 mi.
Franklin Park Fire Department 0.38 mi.
Franklin Grove Fire Protection District 0.38 mi.
FAQs
Is this property currently leasing units?
Yes. There are 18 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 12 units available for move-in over the next 2 months. 6 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 690 to 1,325 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 studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $2,701 to $6,978. GRAND PLAZA has studio units available starting at $2,701, 1 bedroom units available starting at $2,751, and 2 bedroom units available starting at $4,400.
Where is this property located?
This property is at 540 N State St in Chicago, IL. It's 4.2 miles southeast from the center of Chicago.
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