State & Chestnut, 845 N State St: Pricing, Fees, and the Numbers That Actually Move

Currently listed units at State & Chestnut run $2,593 to $6,379 a month, covering studios (463 to 616 sq ft) and one-bedrooms (600 to 820 sq ft); two-bedrooms are temporarily off the market, and the closest anchor is the Gold Coast neighborhood average of $4,602 for that size. Add the one-time application and admin fees ($50 plus $450) and the monthly cost of unreserved parking, and a studio’s realistic first month runs closer to $2,878 to $2,893 than the advertised low end. That parking number is also the biggest source of confusion on this building: the leasing site and the listing aggregator publish two different monthly rates for what both call the same unreserved spot, and a third site publishes a third number again.

Pricing by Unit Type

apartment floor plans

Studios span five floorplans (521 to 616 sq ft), with the cheapest currently available unit, S3, coming online August 29. One-bedrooms span nine floorplans (586 to 820 sq ft), the widest price band in the building because it covers both entry-level convertibles and premium corner units with private balconies. Two-bedrooms (985 to 1,149 sq ft) show no live pricing as of this check; the Gold Coast submarket average for that size, $4,602, sits well above the citywide Chicago average of $2,601, which gives a rough floor for what a two-bedroom here will eventually cost.

The Real Monthly Cost

rent fees breakdown

Unit type Base rent range Parking (unreserved) Pet rent (if applicable) One-time app + admin Realistic all-in, low end
Studio $2,593 to $4,530 $285 to $300/mo $30/mo (dog) $500 ~$2,878 to $2,893
One-bedroom $2,949 to $6,379 $285 to $300/mo $30/mo (dog) $500 ~$3,234 to $3,249
Two-bedroom Call for rent (Gold Coast avg $4,602) $285 to $300/mo $30/mo (dog) $500 ~$4,887 to $4,902

Base rent and pet fees come from the property’s Apartments.com listing; the parking range reconciles that listing against the brand leasing site. The all-in figures assume one unreserved parking space and no pet fee unless noted, and exclude usage-based utilities.

The studio and one-bedroom columns show that parking, not the base rent spread, decides which number is real: a $15-to-$20 monthly gap on parking compounds into roughly $180 to $240 a year, before either side of that gap is confirmed.

Is the parking fee $285 or $300 a month? Both figures are currently published. Apartments.com’s fee schedule lists unreserved garage parking at $285/month; the brand’s leasing page lists resident unreserved parking at $300/month, with reserved spots at $350 to $500 and EV-reserved spots at $350. A third aggregator, Domu, lists a $265-to-$325 range. None of the three cites a fee-schedule date, so the safest move is to get the current written rate from the leasing office, not to assume the lower number applies.

The commonly repeated rule that rent should stay under 30% of gross income appears on Apartments.com’s FAQ for this listing with no cited source; it is a widely used industry heuristic, not a verified affordability standard, and the income figure it implies (roughly $103,700/year for the cheapest studio) should be read as a rough guideline rather than a qualifying threshold any specific lender or landlord applies here.

Amenities Worth Knowing About

building amenities pool

The list covers a rooftop pool and sundeck with fire pits, a fitness center with a private yoga studio and Peloton bikes, a demonstration kitchen and sky lounge on the 35th floor, 11 Level 2 EV charging stations, and a pet washing station and dog run, alongside 24/7 concierge. Utilities included in rent cover gas, water, trash removal, sewer, and internet; electricity and anything beyond the base internet tier bill separately. The building recently renovated its lobby and the amenity floors on 7 and 35, so photos taken before that update may not match what’s currently on-site.

The Building Itself

building exterior facade

Attribute Detail Source
Units / stories 367 units, 35 stories Apartments.com
Unit mix 59 studios, 243 one-bedrooms, 65 two-bedrooms YoChicago
Completed 2014; broke ground summer 2013, topped out November 2014 YoChicago (above)
Developer Newcastle Limited Newcastle Investors
Architect / general contractor Solomon Cordwell Buenz (architect), Power Construction (general contractor) YoChicago (above)
Certification LEED Silver, property-reported Luxury Living

Solomon Cordwell Buenz gave the tower’s north elevation a vertical slice cut into the glass and metal skin, part of a wider Chicago design trend the Tribune’s architecture critic covered around the building’s 2015 debut. The practical consequence sits inside the units rather than on the façade: because the tower is sited on an east-west axis, upper-floor and east-facing apartments get open skyline views toward the lake, while lower-floor and north-facing units look into neighboring buildings and lose most of that daylight advantage, a distinction the floorplan sheet doesn’t spell out on its own.

What Residents Say

resident reviews rating

Seven reviews on Apartments.com average 3.0 out of 5, but the average hides the real shape of the data: three reviews are five stars, one is three stars, and three are one star, with nothing in between. That split, almost no middle ground, usually signals something narrower than uniform quality: a management or maintenance issue that hits some residents and not others, a specific floor or unit line with recurring problems, or a handful of disputes over fees, deposits, or move-out charges that turn into one-star reviews regardless of how the rest of the building performs. Seven reviews is also a small enough sample that one bad move-out experience can swing the average by half a star.

Why do the reviews swing between 5 stars and 1 star? With only seven reviews split three-and-three at the extremes and one in the middle, the distribution is more consistent with isolated disputes, such as fee or deposit disagreements, than with building-wide quality problems. Ask current residents on a tour about move-out charges and maintenance response time specifically, since those are the most common drivers of a one-star review at buildings this size.

Gold Coast Location and Commute

neighborhood walkability transit

The building sits at 100/100 for walkability and transit and 80/100 for bikeability, with the Chicago Avenue Red Line stop one minute away on foot. Drivability is comparatively poor at 30/100, and HowLoud’s Soundscore rates the area 66/100, busy from traffic and nearby businesses, calm from air traffic. Anyone planning to keep a car here should weight the parking-fee discrepancy above more heavily than the base rent.

How It Compares

building comparison chart

Metric State & Chestnut (845 N State St) Chestnut Place (8 W Chestnut)
Studio from $2,593/mo $2,611/mo
One-bedroom from $2,949/mo $2,627/mo
Two-bedroom from Call for rent (Gold Coast avg $4,602/mo) $3,861/mo
Year built 2014 1981, renovated
Units / stories 367 / 35 280 / 28
Distance from State & Chestnut About 0.3 mile, a 6-to-7-minute walk

Chestnut Place figures come from RentCafe’s listing, checked at the same time as the State & Chestnut pricing above. State & Chestnut’s one-bedroom floor sits roughly $300 above Chestnut Place’s, but the newer building brings nine years of extra amenity investment and a rooftop pool Chestnut Place doesn’t advertise; Chestnut Place counters with a lower entry price and a fitness center and lounge renovated on a close to identical recent timeline.

Is State & Chestnut worth the premium over Chestnut Place? For a one-bedroom, the roughly $300/month gap buys a newer building envelope, in-unit washer/dryer as standard, and a larger amenity floor with a pool; it doesn’t buy a materially different location, since the two buildings sit a six-minute walk apart in the same submarket. Renters prioritizing amenities and newer finishes tend to prefer State & Chestnut; renters optimizing for base rent in the same two blocks have a real, currently priced alternative in Chestnut Place.

Lease Terms and Move-In Notes

lease terms move-in

Leases run 3 to 12 months, with a short-term option available through the leasing office; State & Chestnut is not currently running any move-in specials, per its own listing.

Are short-term leases available, and what do they cost? Yes, 3-to-12-month leases and a short-term option both exist here, but neither the brand site nor Apartments.com publishes a short-term rate table; get the actual short-term premium from the leasing office before assuming standard pricing applies.

Who This Fits, Who Should Look Elsewhere

decision renter fit

This building fits a renter who wants a newer, full-amenity Gold Coast tower with strong walk and transit scores and is willing to pay roughly $300 a month more than the closest comparable building for it, and who plans to confirm the parking rate in writing before signing. It’s a weaker fit for anyone prioritizing the lowest possible base rent in the same two blocks, anyone who needs a two-bedroom right now rather than at a call-for-rent price, or anyone sensitive to the traffic and business noise the Soundscore data flags for this stretch of State Street.

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