Sweet Chicago Rental: Streeterville Apartments from $1,240

Rent an apartment in Streeterville building, 215 Chestnut For those wanting to live in downtown Chicago, this sweet rental is a compromise. It's city living, but with a respite.

The 215 East Chestnut apartment building is located in Streeterville, a small subsection of the Gold Coast, that borders Michigan Avenue to the west and the Lake to the east. (Note, this building is located smack in the middle, a block-and-a-half to either destination).

The additional appeal of this classic, terra cotta-style building, unlike other properties towards the downtown shopping district, is that the area is less commercialized and crowded. And at the same time, it's a mere blocks away from the bustle of the Magnificent Mile, Chicago's main shopping drag.

There's also privacy on the inside with only four units per floor. In the lobby and throughout the apartments, traditional features such as archways, fireplaces, formal dining rooms and hardwood floors, make it feel more like home than living in a skyscraper.

Okay, this is all great, especially the location, but are you sure "vintage" isn't just a euphemism for old?

Built in 1930, there's no doubt this is an older high-rise. Some of the apartments may have older appliances and bathrooms, so be sure to inquire about the building's fixer-uppers, which according to the property management company, have been renovated with stainless-steel appliances, granite counters and wood cabinets.

Older buildings don't typically deliver like their new, full-service counterparts, but this sweet rental is trying to stay competitive by offering access to a fitness center, Wi-Fi, and laundry facilities around the clock.

Price-wise, for a one-bedroom, this listing is on the lower end of what apartments of that size run in the Gold Coast
vicinity. In this building alone, one-bedrooms range from $1,149 to $1,430 (so you are on the less expensive end) and two-bedrooms jump up to $1,615 to $2,070.

When I was in the market for renting a new apartment downtown, realtors mentioned "Streeterville" and I had no idea what they meant. So, the moral of the story is to not overlook Streeterville as a possible place to live.

It's a little more removed from a constant flow of people and taxi cabs, and goes more unnoticed than the West Side of Michigan Avenue, but the easterly strip stretching from Wacker to Oak Streets is just as desirable (and possibly slightly more affordable).

It's the Gold Coast, but then again, it isn't.

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