A 656-unit apartment tower in Chicago’s South Loop has sold for the first time since it was completed in 1967 in a more than $165 million deal that adds to a record pace of sales in the nation’s third-largest market.
First sale in nearly 60 years puts Chicago tower in new hands
Laramar acquires 656-unit Eleven Thirty as apartment investors flock to the market
By Ryan Ori
CoStar NewsAugust 28, 2026 | 7:44 P.M.
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IN THIS ARTICLE
- Properties
- Eleven Thirty Apartments
1130 Michigan Ave, Chicago, IL
- Companies
- The Laramar Group, LLC
Real Estate
- Draper & Kramer
Real Estate
- Contacts
- Justin Puppi
Senior Vice President, CBRE
- Jason Zyck
First Vice President, CBRE
- Benjamin Slad
Chief Investment Officer, The Laramar Group, LLC
- John Jaeger
Executive Vice President, CBRE