A new co-living development will soon be coming online in Chicago’s Lincoln Park neighborhood. Developed by locally based Structured Development, the 431-bed Post Chicago is being touted as the largest co-living community in the Windy City and the first for the neighborhood.
Post Chicago is designed for students, corporate transferees, and others who are in search of flexible and turnkey housing. The 10-story building will offer 107 residential units with two to four bedrooms per unit. Each fully furnished bedroom will be individually leased, with rents starting at $1,375 per month. Residents will share a furnished living room, a kitchen, and an in-unit washer and dryer as well as a bathroom for those that don’t have an en suite bath.
In addition to the co-living units, the building will have 19 studio and two-bedroom conventional unfurnished apartments, with monthly rents starting at $1,799.
Residents will have access to a fitness center, lounge areas for working and socializing, a rooftop deck with grilling stations, a bike room with a repair station, and a package room. Cable and high-speed internet will be included in monthly rents, and residents will benefit from a weekly cleaning service and a community app.
“Co-living at Post Chicago is a fun, affordable way to reside in one of the city’s most walkable neighborhoods while making new friends and experiencing all there is to do in this area,” said Jeff Berta, senior director of real estate development at Structured Development, which recently opened a model unit. “For many households, rent is their biggest monthly expense, so Post Chicago is another way we are promoting equitable housing in a location that might otherwise be unattainable.”
The building will be operated by Tripalink, a tech-driven co-living and residential property operator. Chicago has been a new target market for the company, which operates over 8,000 beds nationally. It will help manage and lease the property, and an on-site resident services coordinator will organize buildingwide activities.
“Entering Chicago is a strategic move in our expansion plans, and we are excited to introduce our new technology solutions to the Chicago rental market, which will improve the overall renter experience from their very first search,” said Tony Gallo, vice president of operations at Tripalink.
The 431-bed Post Chicago is the second of three residential buildings from Structured Development in Wendelin Park, a mixed-use, mixed-income development. It will join The Seng, a recently opened 34-unit all-affordable condo development, and The Foundry, a 327-unit market-rate tower scheduled to open in early 2024. The three buildings will be centered around the new 26,000-square-foot Wendelin Park, which is being privately developed by Structured Development as a public amenity. The park will include a nature play area, a dog run, a community garden, and gathering spaces.