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Listed price in listed location currency (USD).
$290,000

111

MLS® 12788596

Overview

Key Facts

Type Condominium
Levels Residential
Size 729 sqft
Garage Yes
Maintenance Fees $743
Taxes $5,050
Days Active 0
Approx. Age 2003
Avg. Price Per Sqft $397
MLS® Number 12788596

Property Address: w3005-545 N Dearborn St, Chicago, IL, 60654-2658

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity in the heart of River North! Perched on the 30th floor, this beautifully renovated junior one-bedroom residence at 545 N. Dearborn offers stunning city views, an efficient and functional floor plan, and a highly desirable downtown location. Completely renovated in 2018, the unit showcases modern finishes and thoughtful updates throughout, making it an attractive and low-maintenance investment. Unlike many junior one-bedroom layouts, the bedroom is fully enclosed, providing enhanced privacy and separation from the living space. The unit is currently leased at $2, 600 per month through May 2027, delivering immediate and stable rental income for investors seeking a turnkey asset in one of Chicago's strongest rental markets. A standout feature of this offering is the long-term tenant, who has occupied the unit since 2019, providing proven rental stability and consistent cash flow from day one. Ownership is made even more attractive by reasonable carrying costs, with 2024 property taxes of just $5, 050 and monthly assessments of $743.66. The assessments include nearly all utilities (except electric) as well as access to the building's extensive amenities, creating exceptional value for both owners and tenants alike. Residents enjoy a full suite of amenities, including 24-hour door staff, fitness center, sundeck, outdoor pool, party room, receiving room, and on-site management. Located in the center of River North, the building is just steps from renowned restaurants, shopping, entertainment, public transportation, and the Chicago Riverwalk. Whether you're looking to expand your investment portfolio or secure a future downtown residence while generating income in the meantime, this property presents a rare opportunity to own a cash-flowing asset with an established tenant in one of Chicago's most sought-after neighborhoods. Completely renovated, tenant-occupied with a proven rental history, and positioned in a premier location, this is a truly turnkey investment opportunity.
MLS® Number12788596
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age2003
Stories45
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/CCentral Air

Extras

Rooms

Kitchen:Main Floor8 × 10 ft
Living Room:Main Floor18 × 20 ft
Other:Main Floor5 × 30 ft
Master Bedroom:Main Floor9 × 12 ft

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

68 days

Today, For Sale for $290,000

For Sale · 0 days

$290,000

MLS® 12788596

3 hours ago

Not Sold Yet

October 2026, For Sale for $290,000

For Sale · 0 days

$290,000

MLS® 12788596

3 hours ago

Not Sold Yet

September 2026, For Sale for $290,000

For Sale · 41 days

$290,000

MLS® 12753252

A month ago

Not Sold Yet

July 2026, For Sale for $290,000

For Sale · 95 days

$290,000

MLS® 12706935

3 months ago

Not Sold Yet

Home Estimate Zoopraisal®

This property is estimated to sell between: $272,000 and $299,000.
Similar properties in this area sold on average for: $272,646
Expected to sell in 27 days. Similar properties sold in 27 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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