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South Loop Mixed-Use Investment
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2001 S State St, Chicago, IL 60616

Newly renovated South Loop mixed-use property with commercial and residential units.

Property Size12,960 SF
Days on Market2026

Property Features for 2001 S State St

General Information

Standard status Active
Size 12,960 SF
Class B
Total Parking Spaces 25
Property subtype Mixed Use, Multifamily, Office, Retail
Zoning DX-5
Occupancy 100%
Lease Type Modified Gross
Investment Type Stabilized
Net Operating Income $879,608

Building Details

Year Built 1878
Year Renovated 2020
Buildings 2
Stories 4
Units 28
Tenancy Multi
Listing Agency: Windy City RE LLC
Listed By: Milan Rubenstein · License #IL 01324137
Source: Crexi
Added: Feb 9, 2021 Changed: Aug 16 Last Checked: Aug 25 at 10:35AM

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 Windy City RE LLC

Investment Insights

Based on property information with market context.

This dual offering in the South Loop features newly renovated properties at 2001 State and 2000 Wabash. The 2001 State property includes 22 apartments and 12,960 square feet of commercial space, while 2000 Wabash offers 6,736 square feet of commercial space and a 2,200-square-foot work/live space on the second floor. Commercial tenants include Phenomenal Fitness, Streetwise Chicago HQ, an OBGYN, and a specialty grocery store. A new Certificate of Occupancy was issued in 2018, and all commercial spaces underwent new buildouts between 2018 and 2021. The apartments have been completely renovated with new granite counters, cabinets, flooring, stainless steel appliances, plumbing, electric, heating and cooling systems, and laundry machines. Formerly the Cullerton Hotel, the building has undergone many capital improvements, including a new roof, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators. The property is near the central business district, parks, cultural attractions, and schools. It is a short distance from McCormick Place, Wintrust Arena, and the Marriott Marquis Hotel, and two blocks from the Cermak Green Line L Station. A $390 million expansion project is underway to create McCormick Square, a destination for nightlife, hotels, and retail attractions. Newer developments in the area include eight high-rise apartment buildings, two hotel expansions, office buildings, and DePaul's Wintrust Arena, contributing to a more vibrant community.

Key Highlights

  • Newly renovated property featuring 22 apartments and commercial spaces, offering immediate income potential.
  • Prime South Loop location**, two blocks from the Cermak Green Line L Station.
  • Significant capital improvements including new roofing, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators.

Property Analytics

Current Use

Phenomenal Fitness Gym & Fitness Center Bitcoin ATM Chicago ... Atm Catch Me If ... Gym & Fitness Center Bravo Martial Arts Training Center Sophisticated Movement Gym & Fitness Center

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Nursing Home Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

3,730
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
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 - Newly renovated South Loop mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 2001 S State St Chicago, IL.
What are key features of this property?
This property features: Newly renovated property featuring **22 apartments and commercial spaces**, offering immediate income potential.; Prime South Loop location**, two blocks from the Cermak Green Line L Station.; Significant capital improvements including new roofing, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators.
(747) 271-1834 Call to check price and availability
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