Comptroveby RentSpire

Loft

871 N Franklin, Chicago, IL, 60610

Market rate 871 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $3,398. Average effective rent: $3,398.

TypeAsking rentEffective rentAvg sqftObservations
Studio$2,398$2,398not observed1
1 bedroom$3,011$3,011not observed4
2 bedroom$4,672$4,672not observed2

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

Managed by Willow Bridge Property Company.

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://871northfranklin.com/floor-plans — 7 observation(s), last observed Aug 11, 2026.

Data age: 6 days. Last observed: Aug 11, 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.

Open the interactive comp report →