Active

545 N Dearborn Street #W3005

Chicago, IL 60654

$290,000 $1,222/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

729

Sqft

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 offer ing 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.

Property Details

Property Type : Residential

Price : $290,000

AD Id : 80049591

MLS Id : MRD12668368

Beds : 1

Living Area Size : 729

Year Built : 2003

Garage : 1

County : Cook

Map

Features

Bedroom Information

Total Bedroom: 1 Room Types: Balcony/Porch/Lanai

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 3

Interior Features

Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer Laundry Features: Washer Hookup
Flooring Information

Construction Materials: Brick, Concrete
Heating & Cooling

Heating: Forced Air Cooling: Central Air WaterSource: Lake Michigan

Building Information

Year Built: 2003
Exterior Features

Balcony, Dog Run Construction Materials: Brick, Concrete
Pool Features

Private Pool: In Ground

Lot Information

Lot Dimensions: COMMON

Property Information

Property Type: Residential Sub Type: Attached Single Type Attached: Condo,High Rise (7+ Stories)

Listing Price Information

Original List Price:$290000

Tax Information

Annual Tax: $5050 Tax Year: 2024 Parcel Number: 17092410361233 Tax Exemption: None

Parking Information

Total Parking: 1 Yes, Leased, Attached, Garage Is Parking Included in Price: No

Garage Information

Garage Space: 1

Homeowners Association Information

Included Fees: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal Included Amenities: Door Person, Elevator in Residence, Exercise Room, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Sauna, Service Elevator(s), Steam Room, Valet/Cleaner, Business Center HOA: $743.00 Monthly

Utility Information

Sewer: Public Sewer Water Source: Lake Michigan
Location Information

City: Chicago Direction: S/E Corner of Dearborn and Ohio

Sell a home like this and save $16,901 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
340 W Superior Street #.., Chicago, IL, 60654	$535,000	2	2	1,182	1,182 SqFt
300 N State Street #2527, Chicago, IL, 60654	$158,000	--	1	500	500 SqFt
300 N State Street #4326, Chicago, IL, 60654	$239,000	--	1	500	500 SqFt
757 N Orleans Street #1.., Chicago, IL, 60654	$535,000	2	2	1,248	1,248 SqFt
501 N Wells Street #3W, Chicago, IL, 60654	$849,000	2	2	2,026	2,026 SqFt
501 N Clinton Street #607, Chicago, IL, 60654	$335,000	1	1	910	910 SqFt
33 W Ontario Street #16D, Chicago, IL, 60654	$225,000	--	1	600	600 SqFt
110 W Superior Street #.., Chicago, IL, 60654	$2,700,000	5	5	5,200	5,200 SqFt
110 W Superior Street #.., Chicago, IL, 60654	$650,000	2	2	1,325	1,325 SqFt
449 N Clinton Street, Chicago, IL, 60654	$1,324,900	3	4	2,195	2,195 SqFt

Similar Homes To 545 N Dearborn Street #W3005

Nearby For Sale

Active

$525,000

Home For Sale

512 N Leavitt Street,
Chicago, IL, 60612

Bed

Bath

Sqft

Acre(Lot)

1515 N North Park Avenue,
Chicago, IL, 60610

Bed

Bath

Sqft

Acre(Lot)

5644 S Wabash Avenue,
Chicago, IL, 60637

Bed

Bath

Sqft

2026 N Kenmore Avenue,
Chicago, IL, 60614

Bed

Bath

Sqft

Acre(Lot)

8127 S Coles Avenue,
Chicago, IL, 60617

Bed

Bath

1,240

Sqft

0.08

Acre(Lot)

Disclaimer: The information being provided courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Midwest Real Estate Data LLC (MRED). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of Midwest Real Estate Data LLC (MRED). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/10/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for Consumer use of IDX Listings Disclaimer

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/10/2026 @ 18:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Click here for DMCA Notice

DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/10/2026 @ 18:20

MLS: MRED #12668368 LISTED BY: Justin Penn, Keller Williams ONEChicago 312-216-2422 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)