LKV Realty
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$290,000
$1,400Reward *
545 N Dearborn Street W3005, Chicago, IL 60654Listing ID 12706935

545 N Dearborn Street W3005, Chicago, IL 60654

Active
CHI - Near North Side
Time on site: 33 daysLast updated: Jul 22, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
1
Bathrooms
Bathrooms
1
Square Feet
Square Feet
729
Days on Site
Days on Site
34
Cooling
Cooling
Central Air
Heating
Heating
Forced Air
Year Built
Year Built
2003
Garages
Garages
1
Parking
Parking
Yes, Leased, Attached, Garage

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 Details

Location

Address
545 N Dearborn Street
County
Cook
City
Chicago
Zip Code
60654
Subdivision
CHI - Near North Side
School District
299
MLS Area
CHI - Near North Side

Interior Features

Beds and Baths

Bedrooms
1
Full Bathrooms
1

Building

Building Information

Square Feet
729
Year Built
2003
Construction
Brick, Concrete

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$5,050
Tax Year
2024

Homeowner Association

HOA Fee
$743
HOA Fee Frequency
Monthly
Keller Williams ONEChicago, (312) 216-2422

Market Report for 60654

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 02:35 PM UTC. All data is obtained from various sources and may not have been 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. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD162463