The Multifamily Advisory Group at Cushman & Wakefield

309 S Green St

Active Posted August 18, 2025

About This Property

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
  • Property Details

    Address
    309 South Green Street Chicgo, IL 60661
    Chicgo, IL, 60661
    Type
    Land
    Investment Type
    Opportunistic
    Status
    Marketing

    Brokerage Contacts

    S

    Susan Tjarksen

    Managing Director - Institutional Capital Markets

    (312) 424-8076

    Susan.Tjarksen@cushwake.com

    A
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