- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
- Getting Around
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Street View
$290,000
Monthly Est:$1,443
1 Bed
1 Bath1 full bath
729sqft
545 N Dearborn St #W3005, Chicago, IL 60654
$290,000
$1,443/moEst:
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Condominium
Built in 2003
$743/mo HOA
-- sqft lot
$398/sq.ft
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.
Continue Reading- Houzeo last checked: 5 hours ago
- Listing updated: September 14, 2026 at 5:06 am
- Listing Provided by: Justin Penn | Keller Williams ONEChicago (312) 216-2422
- Source: MRED MLS-IL | MLS#: 12753252
Part of
Property Details
Status
Active
Type
Condominium
No. of Stories
45
County
City
Neighborhood
Year Built
2003
HOA Fees
$743/mo
Finished Area
729 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12753252
MLS Status
Active
Days on Market
21
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Location
HOA Management
N/A
HOA Fees
$743/ Monthly
Amenities
Amenities and services may be covered by one or multiple associations and service providers.
Receiving Room
Spa
Water
Gas
Insurance
Snow Removal
Security Guard
Pool
Health Club
Elevator
Heating
Sundeck
Club House
Air Conditioning
Scavenger
On Site Manager/Engineer
Exterior Maintenance
Valet/Cleaner
Business Center
Exercise Facilities
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Balcony/Porch/Lanai
Level: Main
Area: 150.00 Square Feet
Dimensions: 30X5
Kitchen
Level: Main
Area: 80.00 Square Feet
Dimensions: 10X8
Living Room
Level: Main
Area: 360.00 Square Feet
Dimensions: 20X18
Master Bedroom
Level: Main
Area: 108.00 Square Feet
Dimensions: 12X9
Interior
Cooling
Central Air
Exterior Features
Balcony, Dog Run
Heating
Forced Air
Appliances
Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer
Sewer
Public Sewer
Construction
Year Built
Year Built: 2003
Home type
Condominium
Construction Materials
Brick, Concrete
Utilities & Energy
Water Source
Lake Michigan
Parking Features
Yes, Leased, Attached, Garage
Laundry Features
Washer Hookup
Association 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
Basement
None
Pool Features
In Ground
Other Features
Patio And Porch Features
Deck, Patio
Price History
| Date | Event | Price |
|---|---|---|
09/08/2026 Source: | Listing Removed | $290,000 $398/sqft |
09/08/2026 Source: | Listed for Sale | $290,000 +5.84% $398/sqft |
07/17/2019 Source: | Price Decreased | $274,000 -1.79% $376/sqft |
07/17/2019 Source: | Price Change | $279,000 $383/sqft |
06/24/2019 Source: | Sold | $0 $0/sqft |
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Near North Side Ranks #27 in Chicago, IL
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This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Sep 29, 2026, 03:15PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market. Based on information submitted to the MLS GRID as of Sep 29, 2026, 03:15PM. All data is obtained from various sources and has not been, and will not be, 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS, Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
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