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Updated 7 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
$1,975 - $3,175
690 ft2
5 Available
Unit 002205
$2,014+
Available Now
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Unit 001605
$1,975+
Available Now
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Unit 002805
$2,023+
Available Now
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Unit 004605
$2,107+
Available Dec 13th, 2025
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Unit 003105
$2,046+
Available Dec 24th, 2025
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1 Bed • 1 Bath
$3,062 - $4,985
820 ft2
3 Available
Unit 004808
$3,095+
Available Now
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Unit 004709
$3,090+
Available Now
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Unit 002603
$3,062+
Available Dec 20th, 2025
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View Rented Units
1 Bed • 1 Bath
$3,088 - $5,272
870 ft2
2 Available
Unit 004904
$3,238+
Available Jan 3rd, 2026
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Unit 002904
$3,088+
Available Feb 28th, 2026
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View Rented Units
1 Bed • 1 Bath
$3,107 - $5,143
830 ft2
1 Available
Unit 003602
$3,107+
Available Feb 16th, 2026
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2 Beds • 2 Bath
$3,281 - $6,840
1210 ft2
5 Available
Unit 003107
$3,453+
Available Now
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Unit 002507
$3,405+
Available Now
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Unit 002207
$3,281+
Available Now
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Unit 002407
$3,397+
Available Now
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Unit 003907
$3,517+
Available Jan 22nd, 2026
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View Rented Units
2 Beds • 2 Bath
$3,355 - $7,220
1325 ft2
5 Available
Unit 001901
$3,495+
Available Now
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Unit 002101
$3,511+
Available Jan 4th, 2026
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Unit 003901
$3,655+
Available Jan 6th, 2026
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Unit 004601
$3,603+
Available Jan 14th, 2026
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Unit 001401
$3,355+
Available Jan 28th, 2026
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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
Clubhouse
Private Poolside Cabanas
Basketball Court
Dishwasher
Virtual Walkthrough
Bike Room Available
Spacious Floor Plans
Quartz Counters
Floor To Ceiling Windows
24-hour Maintenance
Balcony, Deck, Patio
Stainless Steel Appliances
Doorman
Range / Oven
Microwave
Freezer
Party Room & Other Resident Lounges
Outdoor Running Track
Outdoor Kitchen & Dining Area
Sundeck
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Park
Other:

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

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

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 7 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:
$73,200
per year
1 Bedroom
Suggested income:
$112,100
per year
2 Bedroom
Suggested income:
$124,800
per year
Rent report
Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Chicago Average
Studio $1,631 $3.50 $4,892
1BR $2,072 $3.00 $6,217
2BR $2,510 $2.50 $7,529
3BR $2,971 $1.30 $8,913
4BR $2,785 $1.80 $8,356

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 3,700 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
20% 36% 29% 10% 4%
Available Units in Chicago
Studio 2,032
1BR 3,700
2BR 3,008
3BR 1,040
4BR 440
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 21 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 19 units available for move-in over the next 2 months. 10 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?
This property allows tenants to keep cats and dogs.
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 $1,975 to $7,220. GRAND PLAZA has studio units available starting at $1,975, 1 bedroom units available starting at $3,062, and 2 bedroom units available starting at $3,281.
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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