545 N Dearborn Street W3005, Chicago, IL 60654
Cook County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Condominium
Year Built
2003
Stories
45
Living Area
729 sq ft
Lot Dimensions
COMMON
Garage Spaces
1
Parking Spaces
1
Ownership
Condo
Days on Market
2
MLS® Listing#
12706935
Property Features
Exterior
Appliances
Cooling
Heating
Basement
Pool
Parking
Laundry
Patio
Construction
Sewer
Rooms
- 30X5Main
- Bedroom 2
- Bedroom 3
- Bedroom 4
- Dining Room
- Family Room
- Kitchen10X8Main
- Laundry
- Living Room20X18Main
- Master Bedroom12X9Main
Financial Details
HOA
$743 / Monthly
Annual Taxes
$5,050
Tax year 2024
Parcel Number
17092410361233
Directions
S/E Corner of Dearborn and Ohio
Affordability Calculator
$58,000
Estimated monthly payment
$1,544/mo
Principal $232,000 · Est. interest $323,661 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,575
- Median Listing Price
- 36
- Median Days on Market
- 1,400
- Median Sq Ft
- $275
- Median Price / Sq Ft
- 4,277
- Active Listings
- This home’s price is 25% below the area median.
- Its price per sq ft is 45% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Chicago Portfolio School
School · 0.1 mi away
Urban Prep Academies
Secondary · 0.2 mi away
Feltre School
School · 0.2 mi away
The Frances Xavier Warde School
Elementary · 0.3 mi away
Urban Child Academy
School · 0.4 mi away
Noble Network of Charter Schools
School · 0.4 mi away
Latin American Language Center
School · 0.4 mi away
High School Cube
Secondary · 0.5 mi away
GSB Advisors
School · 0.6 mi away
Ogden International School
Elementary · 0.6 mi away
Illinois Network of Charter Schools
School · 0.6 mi away
Kellogg School Center for Nonprofit Management at Northwestern University
Secondary School · 0.6 mi away
Chicago Grammar School
Elementary · 0.6 mi away
Innovations High School
Secondary · 0.6 mi away
Gems World Academy Chicago
School · 0.6 mi away
Chicago Public Schools
Secondary · 0.7 mi away
Muchin College Prep
Secondary School · 0.7 mi away
Wright Foundation
School · 0.7 mi away
Noble Schools
Secondary · 0.7 mi away
Institute Harrington
School · 0.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 151 Amy Street, Chicago Heights, IL | $204,900 | 3 | 1 | 1,065 |
| 3906 W Belmont Avenue 1, Chicago, IL | $205,000 | 1 | 1 | 550 |
| 10710 Central Avenue 3D, Chicago Ridge, IL | $205,000 | 2 | 2 | 917 |
| 6720 S Paxton Avenue 3N, Chicago, IL | $205,000 | 4 | 2 | 1,998 |
| 6319 N Sacramento Avenue 3E, Chicago, IL | $205,900 | 2 | 2 | 1,000 |
| 1643 W 59th Street, Chicago, IL | $205,900 | 4 | 2 | 1,595 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Keller Williams ONEChicago - 3122162422
Last Updated: 2026-07-16