State and Grand

State and Grand

505 N State St, Chicago, IL 60654

3.6
Good

"Equity Residential's River North mid-rise — reliable, central, and no-frills."

Ratings Breakdown

Amen.3.5Loc.4.5Value3.4Mgmt3.6Views3.2Cond.3.7Winter3.8
Amenities3.5
Location4.5
Value3.4
Mgmt3.6
Views3.2
Condition3.7
Winter ❄️3.8
Winter Score: 3.8/5

Upper Level's exclusive rating for Chicago winter survivability — indoor parking, pedway access, CTA proximity, and wind exposure.

The Rundown

State and Grand is a 26-story Equity Residential rental at the corner of State and Grand in River North — directly above the Grand Red Line stop. The location is arguably the best in the building's price range: you're steps from the CTA, walkable to the Loop, River North dining, and the Magnificent Mile.

The building itself is functional rather than flashy. Amenities are adequate but not exceptional. Equity Residential manages it professionally — maintenance is responsive and the building is well-kept. Units are standard mid-rise layouts with decent finishes.

Who Lives Here

Loop workers, young professionals, and people who prioritize transit access above everything else. The Grand Red Line stop directly below is the main draw.

The Neighborhood

Sitting directly above the Grand Red Line stop is a genuine advantage. You're a 10-minute train ride from the Loop and a short walk from dozens of River North restaurants and bars. State Street has some retail but the real action is a few blocks west on Clark and Wells.

What You Get

Rooftop deckFitness centerConciergeBike storagePackage room

Elevator Experience

More WaitLess Wait
Moderate Wait99 units/elevator
3
Passenger Elevators
1
Service Elevators
298
Total Units
99
Units/Elevator

Upper Level Intel

🟢 Win

Best Transit Access in River North

The Grand Red Line stop is directly below the building. For Loop commuters, this is genuinely unbeatable — no weather exposure, no walking. It's the building's single biggest selling point.

🟠 Heads Up

Street Noise on Lower Floors

State and Grand is a busy intersection. Units on floors 1–8 facing State Street get significant street noise. Ask for upper floors or interior-facing units if noise is a concern.

💡 Pro Tip

Equity Residential Perks

As an Equity Residential property, you can transfer your lease to other EQR buildings if you relocate. Useful if you're not sure how long you'll stay in Chicago.

The Good & The Not-So-Good

Wins

  • Grand Red Line stop is literally downstairs
  • Equity Residential management is reliable
  • Walkable to Loop, River North, and Mag Mile
  • Well-maintained common areas

Watch Out

  • Amenities are basic compared to newer buildings
  • State Street can be noisy on lower floors
  • Views are limited below floor 15
  • Parking is expensive

The Verdict

3.6
Good — State and Grand

State and Grand is a reliable, well-managed rental in one of Chicago's best transit locations. It's not the most exciting building, but Equity Residential runs it professionally and the Grand Red Line stop downstairs is hard to beat. Good for Loop commuters who want River North proximity.

Getting Out of Chicago

Nearest CTA Station
Grand (Red Line) — 0.1mi
✈️
O'Hare International
Red Line
40 minRed Line
25 mindrive
Check live traffic
✈️
Midway Airport
Red Line to Orange Line
45 minRed Line to Orange Line
25 mindrive
Check live traffic

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Quick Facts3.6 ★
Year Built
2009
Floors
26
Total Units
298
Type
Rental
Architect
Solomon Cordwell Buenz
Developer
Equity Residential
Management
Equity Residential
Rent Range
$1,800–$4,800/mo
Unit Sizes
Studios–2BR
Pets
Allowed (2 pets, weight limit applies)
Parking
Attached garage (additional cost)
EV Charging
Limited
Nearest CTA
Grand (Red Line) — 0.1mi
Pedway
No
Bike Storage
Yes
Short-Term Rental
Not permitted

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