Laramar Group Acquires 656-Unit High-Rise Apartment Building in Chicago

Aug. 27, 2026 – Chicago, IL – The Laramar Group, a nationally recognized real estate investment and management firm, has completed the acquisition of Eleven Thirty, a 656-unit high-rise apartment community at 1130 S. Michigan Ave. in Chicago.

Originally constructed in 1967, Eleven Thirty is an iconic 43-story concrete and steel building located along Chicago’s Michigan Avenue and provides premium amenities and sweeping, unobstructed views of Grant Park and Lake Michigan. The property is in a prime South Loop location and is steps away from the Museum Campus, Millennium Park, Lakefront Trail and the new $750 million, 22,000-seat Chicago Fire Stadium.

“Eleven Thirty is a well-designed building with great views, a significant resident amenity package, and thoughtful unit layouts in a location that simply can’t be replicated,” said Ben Slad, Chief Investment Officer for Laramar. “We expect our planned renovations will further elevate the resident experience.”

Eleven Thirty features standout amenities including a 75-foot pool with outdoor cabanas, grills and a fire pit lounge, a 24-hour concierge, a fitness center and yoga studio, conference rooms, an outdoor dog park, a dedicated parking garage and 12,053 square feet of fully leased, ground-floor retail. The community offers studio, one and two-bedroom units that include a variety of upscale finishes such as granite or quartz countertops, stainless steel appliances and custom cabinetry.  Planned improvements will include expanding and updating the exercise facility and gym; adding remote working office stations and new entertainment space; and enhancing the common areas and lobby.

The development is within a 15-minute walk of 100+ million square feet of CBD office space and has a CTA station with three train lines and six bus routes at the front door. It receives a 96 Walk Score, 100 Transit Score and 93 Bike Score, creating an unmatched live-work-play environment for residents.

“We are excited about this property due to its dynamic location, premier amenities package and broad-based appeal to renters,” said Slad.