RentCap / Chicago ARO Directory / 3121 W Monroe
100% AMI Tier East Garfield Park • Ward 28 4 ARO Units

3121 W Monroe

3121 W Monroe, Chicago, IL 60612

Find Leasing Desk & Phone
3121 W Monroe Map & Street Context
Coordinates: 41.8795, -87.7038 ~32 min transit to Loop
Starting Estimated Rent
~$1833/mo
Save ~$1444/mo
Min 30x Rent Floor
$54,990
30x monthly total rent
1-Person Income Cap
$85,100
Statutory 100% Cap
2-Person Income Cap
$97,300
Combined gross income

Building & Leasing Details

Management Company
On-Site Leasing Team
Leasing Phone
Inquire via Email
Leasing Email
Listed on Inquiry Form
Official Management Website
N/A
Source: City of Chicago Department of Housing public registry.

Required Application Documents

Per City of Chicago Department of Housing compliance guidelines, leasing agents must verify all items below before submitting your packet to the City.

  • 3 Consecutive Months of Bank Statements: From all checking and savings accounts (must include CashApp and Venmo balances).
  • Last 4–6 Consecutive Pay Stubs: Or Schedule C / 1099 bank deposit corroboration if self-employed.
  • Student Status Affidavit: Full-time students must meet specific HUD family/marriage/foster care exceptions; part-time students qualify normally.
  • Employer / HR Verification: Name, direct phone number, and official work email address.

Qualification Corridor

The 30x Rule Floor

You must earn at least $54,990/year (~$4583/month) to satisfy landlord rent-to-income requirements.

The Statutory AMI Ceiling

You cannot earn more than $85,100 (1 person) or $97,300 (2 persons) to qualify under city law.

Utilities & Fees

Water, sewer, gas, and trash are typically included. Mandatory internet or amenity charges ($50–$75/mo) are factored into the 30x rent floor calculation.

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