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Listing provided courtesy of Keller Williams ONEChicagoMREDas Distributed by MLSGrid- MLS# 12668368MLS Provider

545 N Dearborn Street #W3005Chicago, IL 60654

Condo/Townhouse · 1 Bed · 1 Full Bath · 729 Sq. ft.
$290,000 Active

545 N Dearborn Street #W3005 Overview

Time on Site:
25 days
Visits:
0

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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545 N Dearborn Street #W3005 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 729
  • Price/Sq.ft. $398

Details

General

Association/HOA

  • 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
  • Association Fee: $743.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 2003

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near North Side
  • Township: North Chicago

Rent/Lease Information

  • Lease Amount: 290
  • Lease Expiration: 2027-05-31

Tax Information

  • Tax Annual Amount: $5,050.00
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 17092410361233
  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 1
  • Bedrooms Possible: 1

General Information

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer
  • Basement: None
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Washer Hookup
  • Living Area: 729
  • Living Area Source: Estimated
  • Rooms Total: 3
  • Stories Total: 45

Unit Information

  • Unit Number: W3005

Exterior

Parking Information

  • Parking Features: Yes, Leased, Attached, Garage
  • Parking Total: 1

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: COMMON
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Concrete

General Information

  • Exterior Features: Balcony, Dog Run
  • Sewer: Public Sewer

Room Information

Room: Balcony/Porch/Lanai

  • Level: Main
  • Dimensions: 30X5

Room: Kitchen

  • Level: Main
  • Dimensions: 10X8

Room: Living Room

  • Level: Main
  • Dimensions: 20X18

Room: Master Bedroom

  • Level: Main
  • Dimensions: 12X9

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 2

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Dining Room

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Laundry

  • Level: N/A

545 N Dearborn Street #W3005 Neighborhood

Community

60654 (Chicago) Demographics

33
Median Age
34,153
Population Density (per sq. mile)
89%
College Educated
$128,101
Estimated Median Income
4,958
Estimated Total Home Owners
8,223
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

545 N Dearborn Street #W3005 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

545 N Dearborn Street #W3005 Market Data

Based on the last 30 days in this zip code

$791,192
Average List Price
$579
Average Price per Square Foot
62
Properties Sold
62
Average Days on Market
166
Properties for Sale
Calculations provided by Reliance Network

545 N Dearborn Street #W3005 History

Date Event Value Agent
6/10/2026Source: MRED Status Change
Active
6/4/2026Source: MRED Added to Database
June 04, 2026
7/15/2024Source: MRED Price Increase
$2,200 736.5%
7/15/2024Source: MRED Price Increase
$2,200 736.5%
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022