Oversized One-Bedroom Condo Just Rented in University Village — 1524 S Sangamon St Unit 514, Chicago, IL 60608
We are excited to announce that just closed 1524 S Sangamon St Unit 514, Chicago, IL 60608 is officially off the market, rented at $2,450 per month as of July 31, 2026. This south-facing, oversized one-bedroom residence in the heart of University Village was represented by Jamie Jordan of The Cory Tanzer Group at Option Premier, and it closed quickly for good reason.
University Village consistently ranks among Chicago's most desirable neighborhoods for renters, and this unit is a perfect example of why. Before we break down what made this property so compelling, let us walk you through the details, the neighborhood, and what this rental tells us about the current Chicago market.
What Made Unit 514 Stand Out in a Competitive Rental Market
When a rental property gets described as "rarely available," that phrase carries real weight in University Village. South-facing units in full-service buildings with this square footage simply do not come up often, and when they do, qualified renters move fast.
This oversized one-bedroom offered:
Freshly repainted walls and hardwood floors throughout
An open-concept living and dining area with expansive windows
A kitchen with granite countertops, a breakfast bar island, and ample cabinet storage
A generously sized bedroom that easily fits a king-sized bed plus additional furniture
An oversized bathroom and abundant closet and storage space
Cable and high-speed internet included in the monthly rent
Optional heated garage parking available for an additional $200 per month
That last point matters more than people often realize. In a city where bundled utilities can add hundreds of dollars to a monthly housing budget, having cable and internet folded into the base rent of $2,450 gives renters a clear picture of their actual monthly costs from day one.
The building itself adds another layer of value. Residents have access to door staff, a fitness center, secure entry, package receiving, and professional on-site management. These are the kinds of amenities that renters at this price point expect, and this building delivers across the board.
According to Zillow's rental market data for Chicago, one-bedroom apartments in desirable Near South Side neighborhoods like University Village typically command between $1,800 and $2,800 per month depending on building quality and included features. This unit landed squarely in the sweet spot for value relative to what it offers.
University Village: Why Renters Keep Choosing This Neighborhood
University Village is one of those neighborhoods that earns repeat renters. It sits just southwest of downtown Chicago, bordered by Pilsen to the south, the West Loop to the north, and the Illinois Medical District to the east. That geographic position gives residents access to an extraordinary range of destinations within a short commute.
From 1524 S Sangamon St, residents are just minutes from:
UIC (University of Illinois Chicago), one of the largest universities in Illinois
Rush University Medical Center and Stroger Hospital
The Illinois Medical District, a major employment hub
The vibrant dining scenes of Pilsen, Fulton Market, and the West Loop
Public transportation including CTA bus routes and the Pink Line
The neighborhood itself features tree-lined streets, local coffee shops, parks, and a strong sense of community that larger downtown high-rises often lack.
What This Rental Tells Us About the Chicago Market Right Now
A one-bedroom unit renting at $2,450 in University Village, closing on July 31, 2026, reflects a market that continues to reward well-positioned, well-maintained properties. According to RentCafe's Chicago rental market overview, demand for rentals in neighborhoods adjacent to major employment and education hubs has remained strong through 2025 and into 2026.
What we are seeing consistently at Option Premier is that properties with clear value differentiators, bundled services, quality finishes, and access to walkable amenities rent faster and with fewer concessions. Unit 514 at 1524 S Sangamon checked all of those boxes.
If you own rental property in University Village or nearby neighborhoods and want to understand what your unit could command in today's market, our home valuation tool gives you a fast, data-driven starting point.
Connect With an Option Premier Agent Who Knows This Market
Whether you are looking to rent, buy, sell, or invest in University Village or the surrounding Chicago neighborhoods, our team at Option Premier is ready to help you move forward with confidence.
Reach out to Jamie Jordan directly at (815) 476-8609 or jamie@optionpremier.com, or contact our office at (312) 500-5808. As a full-service brokerage at 1021 W Adams St, Suite 200, Chicago, IL 60607, Option Premier is your local resource for buying, renting, and investing throughout the city. Do not wait on a unit that fits your needs, reach out today and let us put our neighborhood expertise to work for you.
