Zumper
modified
Updated 17 Hours Ago

Highlights

  • Prime location
  • On-site laundry
  • Elevator
  • Hardwood flooring
  • Tiled bathroom
  • Covered parking on site

Location

665 West Grace Street #418, Chicago, IL 60613, USA|Lakeview
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Contact

Leasing office

(844) 325-9196 ext. 2793

Property Overview

Grace Terrace offers strong value and quality, with an 8.5 Zumper Expert Rating, high marks for amenities, location, and overall appeal, plus competitive pricing for what it provides. Its prime location, elevator, hardwood flooring, tiled bathroom, covered parking, and on-site laundry add to the convenience, while value-for-money and value-per-square-foot both rank in the 80th percentile.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Grace Terrace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Grace Terrace has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • More space
  • Elevator

Floor plans

11 bed1 bath825 sqft$1,700 /moPrime Lakeview location modern studio with hardwood flooring, granite kitchen, countertops, tiled bathroom built-in AC Heat water and gas included shopping, entertainment, and CTA within walking distance. a credit score of 660 or higher is required for approval. no pets $300 move-in fee

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Amenities for Grace Terrace

Apartment Amenities

Air ConditioningHigh Ceilings

Appliances

Dishwasher

Building

ElevatorOnsite Laundry
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

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

About Grace Terrace

HomeApartments in ChicagoLakeview Grace Terrace

Modern Midrise in a prime location. Covered parking on site. Laundry & Elevator


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Grace Terrace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Grace Terrace has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Grace Terrace
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Grace Terrace is a great option for renters looking for apartments in Lakeview. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Grace Terrace goes above and beyond to provide sought-after conveniences and desirable perks, including elevator. Renters looking for popular or luxurious features will find them here—and for that reason, Grace Terrace receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Grace Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Grace Terrace has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Grace Terrace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

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 Grace Terrace compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
More space
The 1-bedroom is 152 sqft larger than other listings nearby
Elevator
Improved accessibility features

Considerations

Greater distance from high schools
The nearest high school is farther than 1.0 miles away
Greater distance from middle schools
The nearest middle school is farther than 3.5 miles away

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Rent trends in Lakeview

1-bedroom apartments at Grace Terrace cost about 23% less than the average rent price for 1-bedroom apartments in Lakeview.

Median rents as of Oct 24 2026.
Lakeview
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
November 2024$1,562
December 2024$1,501
January 2025$1,483
February 2025$1,495
March 2025$1,520
April 2025$1,512
May 2025$1,502
June 2025$1,531
July 2025$1,580
August 2025$1,516
September 2025$1,473
October 2025$1,495
November 2025$1,520
December 2025$1,495
January 2026$1,496
February 2026$1,516
March 2026$1,657
April 2026$1,637
May 2026$1,684
June 2026$1,691
July 2026$1,658
August 2026$1,650
September 2026$1,650
October 2026$1,726
A table of studio rental data trends in Lakeview
MonthMedian Rent
November 2024$1,478
December 2024$1,483
January 2025$1,448
February 2025$1,485
March 2025$1,492
April 2025$1,495
May 2025$1,498
June 2025$1,540
July 2025$1,506
August 2025$1,460
September 2025$1,450
October 2025$1,450
November 2025$1,416
December 2025$1,434
January 2026$1,479
February 2026$1,519
March 2026$1,585
April 2026$1,595
May 2026$1,638
June 2026$1,648
July 2026$1,608
August 2026$1,573
September 2026$1,528
October 2026$1,500

Affordability calculator

Can I afford to live at 665 West Grace Street #418?

Bedrooms

1 bedroom

Rent-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

$68,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $68,000 annually to afford this 1-bedroom monthly rent price of $1,700.
For more information on rent affordability, visit our rent calculator.

Schools near Grace Terrace

Horace Greeley Elementary School

832 w sheridan rd

chicago, IL, 60613

PK, K-8Public
B

North River Elementary School

4416 n troy st

chicago, IL, 60625

PK, K-8Public
C+

Skinner North Elementary School

640 w scott st

chicago, IL, 60610

K-8Public
A-

Ruben Salazar Bilingual Center

160 w wendell st

chicago, IL, 60610

PK, K-8Public
C+

Albany Park Community Center

5101 n kimball ave 1

chicago, IL, 60625

PKPublic
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Neighborhood

Lakeview | Chicago, IL

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Chicago near 665 West Grace Street #418

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 665 West Grace Street #418, Chicago

Groceries

9/10
Exceptional variety of groceries within a few minutes' walk

Shopping

9/10
Wide 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

10/10
At least one elementary school within a 5-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Parks

10/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

Explore the area around 665 West Grace Street #418

3600 Commissary
3600 N Lake Shore Dr
Lake Shore Commissaries
3950 N Lake Shore Dr
Whole Foods Market
3640 N Halsted St
Jewel-Osco
3531 N Broadway St
GNS Food & Liquor
4092 N Broadway St

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