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Lake Meadows Apartments apartments in Chicago, IL

Updated

Lake Meadows Apartments

3233 S King Dr, Chicago, IL 60616, USA

Live pricing, refreshed

203
Units Listed
$1,025
Starting at
$1,661
Average
$2,785
Highest
$2.10
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Armour Square rent trends

Beds

Pricing by Bedroom

Studio
$1,101
from $1,025 · 4 units
~456 sqft avg
1 Bed
$1,400
from $1,215 · 93 units
~592 sqft avg
2 Bed
$1,786
from $1,495 · 83 units
~911 sqft avg
3 Bed
$2,362
from $2,165 · 23 units
~1,228 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (217)

Largest 8 movers of 217

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: modeled from how many distinct units we have observed over time
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: observed data only.

Observed Lease Revenue

$802K/mo

from 498 tracked leases; not enough coverage yet for a whole-building estimate

Effective Rent on New Leases

$1,611

vs $1,661 current asking ($50 negotiation gap)

Recent Lease Activity

701 units tracked; 498 assumed leased, 203 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

203

Very high availability

62 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Moderate leverage

Some signals suggest room to negotiate, especially if you can be flexible on move-in date.

Available Units

203 units
Studio / 1 Bath lm30b1a
$1,025/mo
466 ft² · $2.20/ft² · #20
Down $100 since Aug 20 (was $1,125)
Studio / 1 Bath lm10b1a
$1,075/mo
466 ft² · $2.31/ft² · #1
Down $25 since Aug 20 (was $1,100)
Studio / 1 Bath lm30b1a
$1,125/mo
466 ft² · $2.41/ft² · #21
Studio / 1 Bath lm90b1b
$1,180/mo
425 ft² · $2.78/ft² · #168
1 Bed / 1 Bath lm11b1b
$1,215/mo
586 ft² · $2.07/ft² · #3
1 Bed / 1 Bath lm51b1c
$1,225/mo
571 ft² · $2.15/ft² · #47
1 Bed / 1 Bath lm51b1a
$1,230/mo
587 ft² · $2.10/ft² · #46
Down $65 since Aug 20 (was $1,295)
1 Bed / 1 Bath lm31b1a
$1,250/mo
587 ft² · $2.13/ft² · #23
Up $20 since Aug 20 (was $1,230)
1 Bed / 1 Bath lm31b1c
$1,250/mo
571 ft² · $2.19/ft² · #25
1 Bed / 1 Bath lm51b1a
$1,255/mo
587 ft² · $2.14/ft² · #42
Up $40 since Aug 20 (was $1,215)

Train activity

Trains close by

Freight line 1,985 ft away · 186 trains/day

  • 99 daytime, 87 overnight
  • No road crossing within earshot. Horns unlikely.
  • Operator: NIRC

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Chicago, IL notes

No resident notes for this property yet.

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