Comptroveby RentSpire

Luxury Apartments in the Heart of Chicago's South Loop

1717 S. Michigan Ave, Chicago, IL, 60616

Market rate 20 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $5,008. Average effective rent: $5,008.

TypeAsking rentEffective rentAvg sqftObservations
2 bedroom$3,538$3,5381,0142
3 bedroom$6,478$6,4781,8982

HUD Fair Market Rent gap

HUD area: Chicago-Joliet-Naperville, IL HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

No nearby comparables with rent data were found within 3 miles.

Sources & provenance

Sourced from https://neveseno.com/floor-plans/floorplan-3/ — 1 observation(s), last observed Aug 8, 2026.

Sourced from https://neveseno.com/floor-plans — 3 observation(s), last observed Jul 30, 2026.

Data age: 9 days. Last observed: Aug 8, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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