540 N STATE ST — Rent Intelligence for River North, Chicago

River North · Chicago, IL

Current rent range

$2,443 – $8,347 / mo

7 bedroom bands tracked · sampled from recent listings

Leave a review

★★★★★4.2454 reviews

Verified reviewsGPOwned byGRAND PLAZA OWNER LLC0 bldgs

540 N STATE ST

Chicago, IL

540 N STATE ST, Chicago, IL is a rental building in River North, Chicago. See every violation, 311 complaint, tenant review, and the LucidIQ score — before you sign a lease.

HPD violations19last 7 years · class A, B, C

Evictions filed0last 7 years

Tenant reviews4544.2 ★ avg

Rent-stab units—no coverage

Building age—year unknown

311 complaints1last 7 years

01 / 09

Rental intelligence.

Neighborhood Median Rent

River North · March 2026

Studio

$2,598/mo

1 listing

Studio

$2,443/mo

1 listing

1 BR

$5,471/mo

1 listing

1 BR

$3,118/mo

1 listing

1 BR

$2,532/mo

1 listing

2 BR

$4,359/mo

1 listing

2 BR

$4,149/mo

1 listing

Compare this building's listings above against the neighborhood medians.

Seasonal Pattern

Best & worst months to sign a lease

Cheapest

June

Most expensive

July

JFMAMJJASOND

Potential savings: ~19% by timing your move to June.

Units Historic Rent 3 listings

Studio$2,2262 listings

1 Bed$2,6144 listings

2 Bed$2,5001 listing

Neighborhood Rent Range River North

Studio1 listing

$2,598

$2,352 – $2,810

1 Bed1 listing

$5,471

$3,020 – $3,070

2 Bed1 listing

$4,359

$2,469 – $3,657

Range (P25 – P75)MedianBased on recent listings in River North

01 / 09

Rental intelligence.

01b / 09

Rent trends.

Downtown Chicago

Quarterly market rent, 2014–2026 (latest = Q1 2026 forecast)

Asking rent

$3,087

current quarter

Effective rent

—

per bedroom only

YoY change

4.3%

asking, vs 1 yr ago

10-year change

27%

asking, since ~'16

Asking rent per bedroom type — switch tabs to see each with effective (concession-net) rent.

01b / 09

Rent trends.

02 / 09

Violations, 311, & more.

hpd · dob · 311 · acris
last 7 years

Violation & Complaint Trends

Monthly counts over the last 7 years · all data sources

Improving

HPDTop Violations

19 total

All HPD violations
19

311Top Complaints

1 total

Cab Feedback
1

DOBTop Filings

64 total

DOB Violations
64

EvictionsEvictions

0 filed

Evictions filed
0

Recent records

Last 7 years

—NO RECORDS—
No HPD records on file in the last 7 years.

See all 19 HPD records

02 / 09

Violations, 311, & more.

03 / 09

What tenants actually say.

4.2 /5

★ ★ ★ ★ ★

454 reviews

5★

43%

4★

43%

3★

2★

1★

If you wanna live in the heart of downtown, come move into the GrandPlaza apartments. I am frustrated that you are forcing me to fill this out when I have no desire to leave a comment here so I am just going to continue…

mixedApr 2026

Anonymous

mixedApr 2026

Anonymous

my experience has been great! everyone is nice, friendly, and respectful. I never feel out of place and this is a great community to live in! i would highly recommend this to anyone who is looking for a community!

positiveMar 2026

Anonymous

View all 454 reviews

03 / 09

What tenants actually say.

04 / 09

Building amenities.

Building Amenities

33 amenities

BUILDING

Community Center
Elevator

OUTDOOR

Poolside Cabanas
Outdoor Kitchen and Dining Area
Outdoor Running Track
Pool with Sundeck
Balcony
Patio

FITNESS

Spacious Floor Plans
Storage Space
Fitness Center

PARKING & BIKES

Parking
Garage Lot
Bike Room Available
Garage

LAUNDRY

In-Unit Washer and Dryers
Dishwasher

PET FRIENDLY

Cat Friendly
Dog Park
Large Dog Friendly
Pet Friendly

OTHER

Stainless Steel Appliances
On-Site Maintenance
Wood Floors
Clubhouse
On-site Personnel
Door Attendant
Air Conditioning
Floor to Ceiling Windows
Basketball Court
Other
Controlled Access
Quartz Countertops

04 / 09

Building amenities.

05 / 09

The landlord.

GRAND PLAZA OWNER LLC

Portfolio of 0 buildingsManaged by One Real Estate Chicago

Portfolio-level grade reflects the landlord's buildings across the city, weighted by unit count. Individual building grades may differ.

View full landlord profile

buildings

—

avg score / 5

—

portfolio grade

nearby owned

Ownership timeline · this building

ACRIS deeds and regulatory filings

nowGRAND PLAZA OWNER LLCOwner of record per HPD registration.

05 / 09

The landlord.

06 / 09

Location & daily life.

540 N STATE ST · River North · 41.892° N, -87.628° W

Walk

Transit

Bike

Estimated from nearby transit & amenity data

4 bus stops nearby7 min

The neighborhood

River North

River North is Chicago's gallery district turned nightlife and dining powerhouse — converted warehouses, rooftop bars, and some of the city's most energetic weekend scenes. It's loud, fun, and unapologetically expensive.

1,556buildings tracked4.3avg LucidIQ$3,045median 1BR

23,475population$138kmedian income65%renters

NightlifeGalleriesDiningExpensiveEnergetic

Explore River North

Browse all Chicago neighborhoods

06 / 09

Location & daily life.

07 / 09

History of the building.

construction · ownership · permits

1970198019902000201020202030

now

Current owner: GRAND PLAZA OWNER LLC

Registered owner on file.

Recent Activity

20 events

DOBMEDIUMMar 26, 2026
DOB Violation — MAINTAIN OR REPAIR HYDRO ELEVA
DOBMEDIUMMar 25, 2026
DOB Violation — MAINTAIN OR REPAIR HYDRO ELEVA
DOBMEDIUMMar 25, 2026
DOB Violation — MAINTAIN OR REPAIR HYDRO ELEVA
DOBMEDIUMMar 25, 2026
DOB Violation — MAINTAIN OR REPAIR HYDRO ELEVA
311MEDIUMMar 24, 2026
Cab Feedback — No details available
DOBMEDIUMNov 18, 2025
DOB Violation — MAINTAIN OR REPAIR ELECT ELEVA
DOBMEDIUMApr 25, 2025
DOB Violation — MAINTAIN EXIT SIGN ILLUMINATED
DOBMEDIUMApr 25, 2025
DOB Violation — ILLUMINATE PUBLIC STAIR/HALL
DOBMEDIUMApr 25, 2025
DOB Violation — REPAIR INTERIOR WALLS/CEILING
DOBMEDIUMJan 29, 2025
DOB Violation — MAINTAIN OR REPAIR ELECT ELEVA

07 / 09

History of the building.

09 / 09

Frequently asked questions.

10 / 10

Chicago-specific insights.

Rent Comparison

Studio
This building: $2,596 – $2,600
5% aboveArea: $2,485
1 Bed
This building: $2,596 – $8,347
80% aboveArea: $3,045
2 Bed
This building: $4,253 – $4,465
49% aboveArea: $2,918
3 Bed
This building: — – —
—Area: $5,695

Review Summary

454 reviews

4.2 / 5

Would recommendBased on 454 reviews · avg 4.2 ★

MOST HELPFUL CRITICAL

"If you wanna live in the heart of downtown, come move into the GrandPlaza apartments. I am frustrated that you are forcing me to fill this out when I have no de…"

— Anonymous · Apr 2026

Read all 454 reviews →

Neighborhood Vibe

NightlifeGalleriesDiningExpensiveEnergetic

Energy Score

No energy benchmarking on file.

Walkability & Transit

Limited transitTransit score · 4 nearby stops

Nearest TransitBus · 7 min walk

Nearby Stops4

Bus

Estimated from nearby transit stop data

Nearby Transit

BUS

Wacker & State136134135
0.3 mi7 min
Wacker (Upper) & State135136134
0.4 mi7 min
State & E. Wacker146292148
0.4 mi7 min
Michigan & South Water4157147151
0.4 mi8 min

Nearby Schools & Colleges

No schools within 0.8 mi on file.

Safety & Crime

Below averageSafety score · last 12 months

LAST 12 MONTHS · 60654

Violent1,468

Property3,657

Quality-of-life1,702

Total incidents6,827

PRECINCT

Top precinct#18

Chicago Police Dept · updated weekly

At a glance

RLTO protectedNo

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08 / 09

540 N STATE ST — Rent Intelligence for River North, Chicago

540 N STATE ST

Rental intelligence.

Rental intelligence.

Rent trends.

Rent trends.

Violations, 311, & more.

Violations, 311, & more.

What tenants actually say.

What tenants actually say.

Building amenities.

Building amenities.

The landlord.

GRAND PLAZA OWNER LLC

The landlord.

Location & daily life.

River North

Location & daily life.

History of the building.

History of the building.

Frequently asked questions.

Chicago-specific insights.

Similar buildings nearby.

What tenants actually say.

Rental intelligence.

Building amenities.

Location & daily life.

River North

The landlord.

GRAND PLAZA OWNER LLC

History of the building.

540 N STATE ST — Rent Intelligence for River North, Chicago

Violations, 311, & more.

710 N WELLS ST

455 W KINZIE ST

Rent trends.