2 Days Ago
Location
701 S Wells St, Chicago, IL 60607, USA|Loop
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Property management
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Property Overview
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
- Middle school nearby
Great for
Social life
Wellness
Work-from-home
Amenities for 701 S Wells St, Loop
Features
| Balcony | Walk-in Closet |
Appliances
| Dishwasher |
Community
| Elevator | Fitness Center |
| Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
| Outdoor Space | Storage |
Services
| Door Attendant |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 701 S Wells St
Sweet deal!
This listing is 12% below the median price for 1 bedroom apartments in Loop.
ZMP101791037 - Welcome to 701 S. Wells in the heart of Chicago’s vibrant South Loop. This bright and spacious high-floor junior one bed condo offers stunning skyline views, modern finishes, and an open-concept layout designed for both comfort and style. Step inside to find expansive floor-to-ceiling windows that flood the living space with natural light, complemented by sleek flooring and clean, contemporary lines. The open kitchen features granite countertops, ample cabinetry, and a functional island—perfect for cooking, entertaining, or casual dining. Enjoy your morning coffee or evening glass of wine on the private balcony with sweeping city views. The generously sized bedroom offers excellent natural light and easy access to a large walk-in closet, while the spacious bathroom includes a soaking tub, separate glass-enclosed shower, and wide vanity. Additional conveniences include in-unit laundry and central HVAC. The full-amenity building features a well-equipped fitness center, on-site garage parking, and secure entry. Rent includes internet, heat, and cooking gas! An assigned garage parking space is available for additional cost. Located just steps from parks, dining, shopping, and public transportation, this home offers the perfect blend of urban convenience and neighborhood charm. Whether you\'re commuting, exploring the lakefront, or enjoying everything the South Loop has to offer, this is city living at its best.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 701 S Wells St compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Elevator
- Improved accessibility features
- Images Available
- There are at least 10 photos of this address
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 mile away
Address details
| Neighborhood | Loop |
|---|---|
| Zip code | 60607 |
| Type | Condo for rent |
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Rent trends in Loop
1-bedroom apartments at 701 S Wells St cost about 12% less than the average rent price for 1-bedroom apartments in Chicago.
Median rents as of May 2 2026.
Loop
Chicago
| Month | Median Rent |
|---|---|
| May 2024 | $2,274 |
| June 2024 | $2,337 |
| July 2024 | $2,354 |
| August 2024 | $2,210 |
| September 2024 | $2,235 |
| October 2024 | $2,200 |
| November 2024 | $2,118 |
| December 2024 | $1,961 |
| January 2025 | $1,932 |
| February 2025 | $1,991 |
| March 2025 | $2,036 |
| April 2025 | $2,050 |
| May 2025 | $2,040 |
| June 2025 | $2,012 |
| July 2025 | $2,172 |
| August 2025 | $2,064 |
| September 2025 | $1,986 |
| October 2025 | $1,940 |
| November 2025 | $1,952 |
| December 2025 | $1,950 |
| January 2026 | $1,997 |
| February 2026 | $2,041 |
| March 2026 | $2,232 |
| April 2026 | $2,219 |
| May 2026 | $2,250 |
| Month | Median Rent |
|---|---|
| May 2024 | $2,466 |
| June 2024 | $2,538 |
| July 2024 | $3,364 |
| August 2024 | $2,618 |
| September 2024 | $2,591 |
| October 2024 | $2,545 |
| November 2024 | $2,483 |
| December 2024 | $2,355 |
| January 2025 | $2,381 |
| February 2025 | $2,427 |
| March 2025 | $2,485 |
| April 2025 | $2,549 |
| May 2025 | $2,602 |
| June 2025 | $2,640 |
| July 2025 | $2,725 |
| August 2025 | $2,630 |
| September 2025 | $2,564 |
| October 2025 | $2,575 |
| November 2025 | $2,449 |
| December 2025 | $2,499 |
| January 2026 | $2,504 |
| February 2026 | $2,535 |
| March 2026 | $2,652 |
| April 2026 | $2,678 |
| May 2026 | $2,733 |
Affordability calculator
Can I afford to live at 701 S Wells St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$96,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $96,000 annually to afford this 1-bedroom monthly rent price of $2,400.
For more information on rent affordability, visit our rent calculator.
Schools near 701 S Wells St
South Loop Elementary School
1212 s plymouth ct
chicago, IL, 60605
PK, K-8Public
B+
Rudolph Elementary Learning Center
1628 w washington blvd
chicago, IL, 60612
PK, K-7Public
C+
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Chicago Commons Guadalupano Family Center
1814 s paulina ave
chicago, IL, 60608
PKPublic
Skinner North Elementary School
640 w scott st
chicago, IL, 60610
K-8Public
A-
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Internet available near 701 S Wells St
Neighborhood
Loop | Chicago, IL
Getting around Chicago near 701 S Wells St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 701 S Wells St, Chicago
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 701 S Wells St
Market Square Lofts
161 W Harrison St
Urban Pantry
730 S Clark St
South Loop Market
235 W Van Buren St
Open Markets
311 S Wacker Dr
Whole Foods Market
1101 S Canal St
Custom Tailors & Designers As
714 S Dearborn St
Montopoli
714 S Dearborn St
Dearborn Denim & Apparel
728 S Dearborn St
Melt DeSigns Inc
47 W Polk St
The Tie Bar
404 S Wells St
Dollop Coffee Company
801 S Financial Pl
Dunkin'
626 S Clark St
Cafe Press Chicago
800 S Clark St
Starbucks
555 S Dearborn St
Dunkin'
400 S Fin Place SHP Ctr
Sociale Chicago
800 S Clark St
First Draft
649 S Clark St
Kasey's Tavern
701 S Dearborn St
Bar Louie-Printers Row
47 W Polk St
Persona
408 S Wells St
Mr Poppa Gourmet Popcorn
800 S Wells St
Safi Gourmet
235 W Van Buren St
Hickory Farms, LLC
311 S Wacker Dr
Wicked Good Cupcakes LLC
311 S Wacker Dr
TNS Pop Shop
Printers Row Park
Dearborn Park
Pritzker Park
Mary Richardson Jones Park
Heritage Green Park
All-Star Seafood & Sports
730 S Clark St
Umai Japanese Kitchen & Sushi
730 S Clark St
Dunkin'
626 S Clark St
Pat's Pizzeria
628 S Clark St
Cafe Press Chicago
800 S Clark St
Clark / Polk
Wentworth
Clark / Polk
Wentworth
Clark / Polk
North Bolingbrook – East Loop Express, Plainfield-East Loop Express
Clark / Harrison
Clark, Clark
Clark / Harrison
Wentworth
LaSalle Street
Rock Island
Chicago Union Station
Burlington Northern, Heritage Corridor, Milwaukee North, Milwaukee West, North Central Service, Southwest Service
Van Buren St.
South Shore Line, South Shore Line, Metra Electric
Museum Campus / 11th St.
South Shore Line, South Shore Line
Museum Campus/11th St.
Metra Electric
Lasalle
Blue Line, Blue Line
Lasalle / Van Buren
Brown Line, Pink Line, Purple Line, Orange Line
Harrison
Red Line, Red Line
Harold Washington Library
Purple Line, Brown Line, Orange Line, Pink Line
Quincy
Orange Line, Purple Line, Pink Line, Brown Line
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