120 S State St, Chicago, IL 60603
For Sale
1 / 2
- A unique opportunity to own a part of Chicago's historic architecture. - Unit 8 is a full-floor 2,300 SF work/live space with direct elevator access, hardwood flooring, and soaring ceilings. - The front corner windows provide panoramic views of State Street and the Palmer House, adding to the charm of this versatile unit - The space currently functions as a stunning 3-operatory dental office with a 1-bedroom, 1-bathroom residential suite - The building's mixed-use classification as a residential and office property reduces the tax burden by nearly 50%, making it an advantageous investment opportunity - Convenient transportation options are available right outside the front door, including CTA buses, the Red Line underground station, and all Loop L stops - Dental equipment included in the purchase and is currently leased to the tenant's practice
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Alternative Legal Services Law Firm
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Star Realty & Management LLC Real Estate Agency
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Rhoades Levy Law Group P.C. Law Firm
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Mark Szaflarski Consultant
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Patula & Associates P.C. Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.