545 N Dearborn Street #W3005, Chicago, IL 60654
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
545 N Dearborn Street #W3005,Chicago, IL 60654
$290,000
- 1 Beds
- 1 Baths
- 729 sq. ft.
- Condominium
- Active
Listed by: justin penn
Office: keller williams onechicago
MLS#:12706935
Source:MLSNI
Price summary
- Price:$290,000
- Price per sq. ft.:$397.81
- Monthly HOA dues:$743
About this home
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....
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Home facts
- Year built:2003
- Listing ID #:12706935
- Updated:September 08, 2026 at 11:07 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:3
- Kitchen Description:Bar Fridge, Dishwasher, Freezer, High End Refrigerator, Microwave, Range
- Living area:729 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:2003
- Building area:729 sq. ft.
- Exterior Features:Balcony, Dog Run
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$290,000
- Price per sq. ft.:$397.81
- Tax amount:$5,050 (2024)
Features and amenities
- Laundry features:Dryer, Washer
- Pool features:Pool
Parking
- Total parking spaces:1
- Parking description:Attached Garage, Garage
- Garage:Yes
- Garage spaces:1
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