State Street
The State Street property was acquired in February 2025 as part of a strategic 1031 exchange following an extensive search for an asset aligned with our long-term investment thesis. Ideally situated at the convergence of the Washington Park and Bronzeville neighborhoods, this acquisition reflects our continued commitment to reinvesting in Chicago’s South Side—where thoughtful ownership and community partnership matter most.
This mixed-use building features a fully built-out ground floor office space that will serve as TLG’s first official company headquarters, housing our leasing operations and resident support services. Above the office are two beautifully renovated residential units:
- A 4-bedroom, 2-bath apartment
- A 3-bedroom, 2-bath apartment
Designed with intentional simplicity, subtle luxury, and security, the apartments offer modern living in a nondescript, community-forward footprint. Residents will enjoy clean, quiet living in a building that blends into its surroundings while exceeding expectations inside.
From an investment standpoint, the State Street acquisition was a strategic win—purchased $10,000 under list price with 3% in seller concessions and zero competing offers. This property further strengthens TLG’s South Side portfolio and affirms our mission to revitalize housing through patient capital, purposeful renovation, and a deep respect for the communities we serve.
