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309 S Green StChicago, IL 60661
309 S Green St
Asset ClassLand, Multifamily
Land0.72 Acres
Site Area: 31.2 K Sq. FtAccess Data Room
Ideal West Loop Land Piece Close to Fulton Market & University of Chicago
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Overview

Strategically positioned between Jackson Boulevard, Green Street, and Halsted Street, 309 S Green Street sits at the heart of the West Loop–Fulton Market submarket, Chicago’s most desirable and highest performing urban neighborhood. This prime location is just blocks from Downtown Chicago, University of Illinois Chicago campus, Randolph Street’s famed Restaurant Row, major corporate headquarters, and the CTA Blue Line, offering unmatched accessibility and visibility for future multifamily development.

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Investment Highlights

  • Prime Location: Within a 15-minute walk to the Loop and less than 7 minutes via train, bike, or car, offering seamless connectivity to Chicago’s business core. (94 Walk Score)
  • Market-Leading Performance: The West Loop–Fulton Market submarket leads all of Downtown Chicago in multifamily performance, with 6.0% rent growth and an average occupancy of 97.8%
  • Employment Hub: West Loop/Fulton Market is downtown’s leader in office leasing activity, reflecting growing corporate presence and the back to work in person ethos and strong employment-driven rental demand
  • Affluent, Young Professional Tenant Base: Within 0.25 miles, average household income is $191K, with 74% of households earning over $100K and 32% of residents aged 25–34
  • Zoning: Based on PD 1554, the site is currently zoned for 362 Units; 36 stories; 20% ARO - 12 units at 80% AMI, 12 units at 70% AMI, 24 units at 60% AMI, 12 units at 50% AMI, 12 units at 40% AMI
  • Resilient Urban Demand: Multifamily fundamentals remain strong with less than 500 units being delivered per year in the next three years. The average number of delivered units is +/-3,500 units a year
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309 S Green StChicago, IL 60661

Sales Team

225 West Wacker Drive, Chicago, IL 60606

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Listing provided by Revere CRE