545 N Dearborn Street
, IL, 60654
Price$290,000
Beds1
Baths1
SqFt729
Baths1
SqFt729
Status:Active
Property Type:Residential
School:
Property Type:Residential
School:
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 re
| Price | $290,000 | |
| Bedrooms | 1 | |
| Full Baths | 1 | |
| Half Baths | 0 | |
| Total Baths | 1 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Attached Single Family | |
| Features | Dishwasher, Dryer, Microwave Oven, Other Appliances, Range/Oven, Refrigerator, Washer | |
| Exterior Features | Deck,Patio | |
| Year Built | 2003 | |
| Heating | Forced Air, Central Air | |
| Parking Description | Attached, Other | |
| Parking Spaces | 1 | |
| Association Amenities | Pool,Other Fee Includes,Snow Removal,Manager On-Site,Utilities (See Remarks) | |
| Directions | S/E Corner of Dearborn and Ohio | |
| Latitude | 41.892185 | |
| Longitude | -87.629244 | |
| Market Area | Any Other Areas | |
| Address | 545 N Dearborn Street #W3005, IL 60654 | |
| Unit | W3005 | |
| Postal Code | 60654 | |
| State | IL | |
| Country | United States | |
| Listing Office | Keller Williams ONEChicago | |
| Listing Office Phone | 312-216-2422 | |
| Listing Agent | Justin Penn | |
| Listing Agent Phone | 773-704-5520 | |
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Jun 4, 2026 | |
| Listing Last Modified | Jun 10, 2026 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 5050 | |
| MLS Area | Any Other Areas | |
| MLS # | MRD12668368 | |
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