State Place Tower

About the Building

State Place is a new residential high-rise that sits in the location that was once the home of the police headquarters. The building hosts 40,000 square feet of commercial space on the ground floors, and it also features a fitness center for resident use. This Chicago condo building in the South Loop was completed as recently as 2005 and it has spacious units and all the modern conveniences you need to live in comfort and modern luxury. Located at 1101 S. State, this development offers 159 individual units with a number of layouts and general and visitor parking for residents' vehicles.

In this day and age, there are some essential elements that we just expect have in our urban dwellings, while other features are an added bonus that make the city lifestyle that much sweeter. The units at 1101 S. State incorporate the basic necessities with a touch of luxury, from the handy building services and facilities to the amenities of your private abode. The building's floorplans, which include anywhere from 1 to 3 bedrooms, come in all different square footages to suit the needs of homeowners with varying family sizes. The average master bedroom is 169 square feet, although some can be as large as 224 square feet. The second bedroom is typically 132 square feet, still a good amount of space for the growing members of the household, or a great spot for the home office. And, in case your family includes a lovable cat or dog (or fish or bird, etc.), the building is pet-friendly.

The price per square foot for property at 1101 S. State is $335. From listing to closing, the standard length of time a unit in this building stays on the market is 126 days. In regards to properties that are currently for sale, the average number of days a 1-bedroom unit has been listed for is 63. There are currently few 1-bedroom residences available in this South Loop development, that maintain an average listing price around $300,974. In addition to the upfront price for real estate in this striking residential structure, it's helpful to know how much assessments and taxes are, since you'll be paying those on top of the mortgage. For this particular building, the average assessments are $311 per month and taxes cost between $1,500 and $4,000 per year.