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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.

  • 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 St
       
    309 South Green Street
    Chicgo, IL  60661
    Type:  Land
    Posted: 8/18/2025

    108 Home, Lennar-Built Contiguous BTR Community

    • Delivers a two-story, single-family home-like living experience with spacious 2- and 3-bedroom layouts featuring 1- and 2-car attached garages, private entrances, and vaulted living room ceilings

    Booming Economic Corridor & Suburban Convenience

    • Direct access to I-57, I-80, and the Metra, connecting residents to 500,000+ jobs within a 30-minute commute
    • Less than 15 minutes from major employers including Amazon, Ford, and the University of Chicago Health System – Flossmoor Campus, reinforcing the property's appeal to working professionals and dual-income households
    • Minutes away from booming I-57 industrial corridor:
    • 36M+ SF of industrial space within 15-minute drive
    • 6.7M SF leased since June 2019
    • 7.8% average annual rent growth & 5.3% average vacancy (past 5 years)
    • 954K SF net absorption annually over the past 5 years—outpacing 938K SF in average annual deliveries totaling an 18.8% expansion in market supply
    • Within 10 minutes of a major retail corridor featuring national retailers such as Target, Chipotle, and LA Fitness, offering residents everyday convenience and lifestyle amenities

    Scarcity of Newer, 2- and 3-Bedroom Home-Like Living Options

    • Located in a high-demand, low-supply suburban pocket of south Chicagoland with minimal new rental competition
    • Only 5% of housing stock built since 2010; 82% built before 2000—highlighting the scarcity of modern housing options
    • 2-bedroom and 3-bedroom units in the Southern Cook County submarket have maintained average vacancy rates of 3.7% and 3.6% respectively over 5 years and 4.3% and 4.7% over 10 years underscoring long-term demand and stability for these units
    • Over the next five years, the number of renter households within 5 miles earning $100K+ is expected to grow to 6,814, while new rental inventory is projected to remain muted at just 450 units, creating a significant supply-demand imbalance with a deficit of 6,364 units

    Affluent "Renters by Choice" Seeking Suburban Lifestyle

    • The property’s recent average HH income uplift from $94,006 to $108,527 (+15%) between January and July 2025 underscores significant operational improvements and demand from a financially stable, lifestyle-driven renter cohort
    ...
    Under LOI
    The Manors at Brookmere
    108 Units
    4962 Bennett St
    Matteson, IL  60443
    Type:  Multifamily
    Posted: 7/31/2025