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Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending

440 N State St, Chicago, IL 60654

Historic commercial property combining apartment residences, retail frontage, basement storage, and on-site laundry.

Property Size392,857 SF
Days on Market273

Property Features for 440 N State St

General Information

Standard status Pending
Size 392,857 SF
Property subtype Mixed Use

Units

Unit Mix 2 x studio, 9 x 2BR/1.5BA
Multifamily Units 11

Amenities

basement for storage use
on-site laundry facility

Building Details

Year Built 1894
Buildings 1
Stories 2
Units 14
Tenancy Multi
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Kyle Stengle · License #IL 475.138461
Source: Crexi
Added: Dec 2, 2025 Changed: Aug 30 Last Checked: Aug 30 at 10:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This mixed-use property at 440–448 North State Street contains 11 apartment units and three retail spaces within a building constructed in 1894. The residential configuration includes two studio apartments and nine two-bedroom units with one and one-half bathrooms. A basement provides storage, and residents have access to an on-site laundry facility.

The property is located in Chicago’s River North neighborhood along North State Street. Its mixed residential and retail composition supports multiple occupancy types within one building, with the retail component adding a commercial presence at the street level.

Key Highlights

  • 11 apartments and three retail spaces
  • Unit mix includes two studios and nine two‑bedroom, one‑and‑one‑half‑bath units
  • Building constructed in 1894

Property Analytics

Current Use

Rush Street Reunion Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Buffet Butcher Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

39,511
Businesses Nearby

Demographics for 60654, IL

23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic commercial property combining apartment residences, retail frontage, basement storage, and on-site laundry.
Where is this mixed-use property located?
The property is located at 440 N State St Chicago, IL.
What are key features of this property?
This property features: 11 apartments and three retail spaces; Unit mix includes two studios and nine two‑bedroom, one‑and‑one‑half‑bath units; Building constructed in 1894
(312) 636-6383 Call to check price and availability
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