Arc at Old Colony
407 S Dearborn St,
Chicago,
IL
60605
Leasing Office:
37 W Van Buren St, Chicago, IL 60605
-
Monthly Rent
$849 - $2,149
-
Bedrooms
Studio - 4 bd
-
Bathrooms
1 - 2 ba
-
Square Feet
395 - 1,451 sq ft
Head back to class with Chicago at your doorstep - live at ARC. Our vibrant student housing community is the perfect central location to conveniently get to class, explore, and enjoy the city. Schedule your in-person tour today or take a virtual tour at your convenience. This listing includes floorplans which may be for the immediate move in or the 23-24 year, please contact the leasing office for full availability options that fit your needs.
Highlights
- Walker's Paradise
- Premier Transit Location
- Bike-Friendly Area
- By-The-Bed Leasing
- Furnished Units Available
- Dry Cleaning Service
- Media Center/Movie Theatre
- Roof Terrace
- Office
Pricing & Floor Plans
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
-
One-Time Basics
-
Due at Application
-
Administrative FeeCharged per unit.$200
-
Application Fee Per ApplicantCharged per applicant.$50
-
-
Due at Application
No Parking Available
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Utilities Included
-
Gas
-
Water
-
Electricity
-
Heat
-
Trash Removal
-
Sewer
-
Cable
-
Air Conditioning
-
Internet
Lease Options
-
4 - 12 Month Leases
Property Information
-
Built in 2015
-
137 units/17 stories
-
Furnished Units Available
Specialty Housing Details
-
This property is intended and operated for occupancy by students, faculty and staff in higher education, but applications from individuals not involved in higher education may be accepted.
About Arc at Old Colony
Head back to class with Chicago at your doorstep - live at ARC. Our vibrant student housing community is the perfect central location to conveniently get to class, explore, and enjoy the city. Schedule your in-person tour today or take a virtual tour at your convenience. This listing includes floorplans which may be for the immediate move in or the 23-24 year, please contact the leasing office for full availability options that fit your needs.
Arc at Old Colony is an apartment community located in Cook County and the 60605 ZIP Code. This area is served by the Chicago Public Schools attendance zone.
Unique Features
- 50 Flat Screen TV
- Club & Game Room
- Dry Cleaning Service (through Pressbox)
- Electronic Unit Entry Locks
- Euro-Style Cabinetry
- Glass Shower Doors
- HardwoodFloors in Most Units
- Individual Study Rooms
- In-Unit Washer/Dryer
- Modern, Designer Furniture
- Modern, designer plumbing fixtures
- On-Site Management
- Quartz Countertops
- Stainless Steel Appliances
- Study Lounge with Free Printing
- Tiled Shower Walls
Contact
Community Amenities
Fitness Center
Furnished Units Available
Elevator
Roof Terrace
- Controlled Access
- 24 Hour Access
- Furnished Units Available
- On-Site Retail
- Renters Insurance Program
- Dry Cleaning Service
- Elevator
- Business Center
- Lounge
- Storage Space
- Vintage Building
- Conference Rooms
- Fitness Center
- Gameroom
- Media Center/Movie Theatre
- Roof Terrace
- Sundeck
- Grill
Apartment Features
Washer/Dryer
Air Conditioning
High Speed Internet Access
Hardwood Floors
- High Speed Internet Access
- Wi-Fi
- Washer/Dryer
- Air Conditioning
- Heating
- Smoke Free
- Tub/Shower
- Disposal
- Ice Maker
- Stainless Steel Appliances
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
- Quartz Countertops
- Hardwood Floors
- Office
- Furnished
The Loop serves as Chicago’s downtown district and is home to many of the city’s most famous landmarks: the Willis Tower (formerly the Sears Tower), Buckingham Fountain, and City Hall, to name just a few. The skyline is dominated by skyscrapers representing well over a century’s worth of architectural designs and styles, from the earliest Victorian-era high-rises to ultra-modern glass towers and everything in between.
What’s it like to live in the Loop? The neighborhood is loaded with everyday attractions like the lakefront, which gives the neighborhood stunning waterfront views. The dining scene is incredible, with world-class food of every description readily available anywhere you look. The nightlife incorporates everything from dives and corner taverns to swanky nightclubs and cocktail bars. Renters pay a premium to live here, but they get to enjoy all the benefits of having the very best of Chicago right at their doorstep.
Learn more about living in Chicago LoopCompare neighborhood and city base rent averages by bedroom.
| Chicago Loop | Chicago, IL | |
|---|---|---|
| Studio | $2,718 | $1,665 |
| 1 Bedroom | $3,013 | $2,056 |
| 2 Bedrooms | $3,880 | $2,600 |
| 3 Bedrooms | $4,315 | $3,120 |
- Controlled Access
- 24 Hour Access
- Furnished Units Available
- On-Site Retail
- Renters Insurance Program
- Dry Cleaning Service
- Elevator
- Business Center
- Lounge
- Storage Space
- Vintage Building
- Conference Rooms
- Roof Terrace
- Sundeck
- Grill
- Fitness Center
- Gameroom
- Media Center/Movie Theatre
- 50 Flat Screen TV
- Club & Game Room
- Dry Cleaning Service (through Pressbox)
- Electronic Unit Entry Locks
- Euro-Style Cabinetry
- Glass Shower Doors
- HardwoodFloors in Most Units
- Individual Study Rooms
- In-Unit Washer/Dryer
- Modern, Designer Furniture
- Modern, designer plumbing fixtures
- On-Site Management
- Quartz Countertops
- Stainless Steel Appliances
- Study Lounge with Free Printing
- Tiled Shower Walls
- High Speed Internet Access
- Wi-Fi
- Washer/Dryer
- Air Conditioning
- Heating
- Smoke Free
- Tub/Shower
- Disposal
- Ice Maker
- Stainless Steel Appliances
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
- Quartz Countertops
- Hardwood Floors
- Office
- Furnished
| Monday | 10am - 7pm |
|---|---|
| Tuesday | 1am - 7pm |
| Wednesday | 10am - 7pm |
| Thursday | 10am - 7pm |
| Friday | 10am - 7pm |
| Saturday | 12pm - 5pm |
| Sunday | Closed |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Walk: | 2 min | 0.1 mi | |
| Walk: | 3 min | 0.2 mi | |
| Walk: | 4 min | 0.3 mi | |
| Walk: | 11 min | 0.6 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2026. All rights reserved.
Transportation options available in Chicago include Harold Washington Library-State/Van Buren, located 0.0 mile from Arc at Old Colony. Arc at Old Colony is near Chicago Midway International, located 10.9 miles or 18 minutes away, and Chicago O'Hare International, located 18.2 miles or 28 minutes away.
| Transit / Subway | Distance | ||
|---|---|---|---|
| Transit / Subway | Distance | ||
|
|
Walk: | 0 min | 0.0 mi |
|
|
Walk: | 1 min | 0.1 mi |
|
|
Walk: | 2 min | 0.2 mi |
|
|
Walk: | 3 min | 0.2 mi |
|
|
Walk: | 4 min | 0.2 mi |
| Commuter Rail | Distance | ||
|---|---|---|---|
| Commuter Rail | Distance | ||
|
|
Walk: | 5 min | 0.3 mi |
|
|
Walk: | 8 min | 0.4 mi |
|
|
Walk: | 13 min | 0.7 mi |
|
|
Walk: | 15 min | 0.8 mi |
|
|
Drive: | 2 min | 1.2 mi |
| Airports | Distance | ||
|---|---|---|---|
| Airports | Distance | ||
|
Chicago Midway International
|
Drive: | 18 min | 10.9 mi |
|
Chicago O'Hare International
|
Drive: | 28 min | 18.2 mi |
Scores provided by
What do Walkability, Transit, Drivability, and Bikeability mean?
Walkability measures the walking distance to day-to-day needs.
Transit measures access to public transportation.
Drivability measures congestion, parking availability, and access to major roads.
Bikeability measures the suitability for cycling.
How It Works
Traffic
BusyAirport
CalmBusinesses
BusyScores provided by
HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It WorksTime and distance from Arc at Old Colony.
| Shopping Centers | Distance | ||
|---|---|---|---|
| Shopping Centers | Distance | ||
| Walk: | 6 min | 0.3 mi | |
| Walk: | 12 min | 0.7 mi | |
| Walk: | 12 min | 0.7 mi |
| Parks and Recreation | Distance | ||
|---|---|---|---|
| Parks and Recreation | Distance | ||
|
Alliance for the Great Lakes
|
Walk: | 10 min | 0.5 mi |
|
Openlands
|
Walk: | 11 min | 0.6 mi |
|
Grant Park
|
Walk: | 13 min | 0.7 mi |
|
Millennium Park
|
Walk: | 14 min | 0.8 mi |
|
Field Museum of Natural History
|
Drive: | 4 min | 1.9 mi |
| Hospitals | Distance | ||
|---|---|---|---|
| Hospitals | Distance | ||
| Drive: | 4 min | 1.8 mi | |
| Drive: | 5 min | 1.8 mi | |
| Drive: | 5 min | 2.3 mi |
| Military Bases | Distance | ||
|---|---|---|---|
| Military Bases | Distance | ||
| Drive: | 37 min | 25.8 mi | |
| Drive: | 42 min | 29.7 mi | |
| Drive: | 53 min | 34.7 mi |
Arc at Old Colony Photos
-
Upgraded Kitchen
-
Furnished Living Room with City Views
-
Private City Bedroom
-
Spacious Urban Living Room
-
Upgraded Bathroom
-
In-Unit Washer & Dryer
-
Full Bathroom
-
Bedroom with Desk
-
Bedroom
Arc at Old Colony has units with in‑unit washers and dryers, making laundry day simple for residents.
Select utilities are included in rent at Arc at Old Colony, including gas, water, electricity, heat, trash removal, sewer, cable, air conditioning, and internet. Residents are responsible for any other utilities not listed.
Parking is not available at Arc at Old Colony. Contact this property to explore nearby options.
Arc at Old Colony has studios to four-bedrooms with rent ranges from $849/mo. to $2,149/mo.
Arc at Old Colony does not allow pets, though service animals are always welcome in accordance with applicable laws.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $849 for a three-bedrooms, you would need to earn about $33,960 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
Arc at Old Colony is not currently offering any rent specials. Check back soon, as promotions change frequently.
While Arc at Old Colony does not offer Matterport 3D tours, renters can request a tour directly through our online platform.
407 S Dearborn St
Chicago, IL 60605
Property Manager Responded