The seven story Yale Apartments, also known as The Yale, is an important "first generation" residential high-rise, a building type made possible by advances in building structure and technology, and reflects the great growth in real estate development which typified the city in the 1890s. The building is a large-scale example of Romanesque Revival architecture style popularized by the buildings of Henry H. Richardson, and exhibits excellent craftsmanship in both materials and detailing. The Yale Apartments also possesses a rare interior atrium, ringed with galleries and topped by a glass-and-metal skylight.
The Yale was originally built as luxury apartments for the Chicago Exposition. In the late 30's/early 40's, the empty building was purchased and the interior gutted and converted to studio, 1 and 2 bedroom apartments. One top floor apartment had the addition of a staircase up to a rooftop room referred to as the penthouse.