BEDS1
BATHS1 full
SQUARE FEET729
MLS#12668368
STATUSNew
PROPERTY TYPEResidential - Condominium
SCHOOLDistrict 299
Property 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 Features
Property Type: Residential - Condominium
Basement: None
Cooling: Central Air
Garage: 1
Heating: Forced Air
Lot Size: COMMON
Stories: 45.0
Taxes: $5,050
Year Built: 2003
Feature Descriptions
Additional rooms: Balcony/Porch/Lanai
Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer
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 Includes: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal
Exterior: Brick, Concrete
HOA Fee: 743/ Monthly
Laundry: Washer Hookup
Lot Dimensions: COMMON
Parcel#: 17092410361233
Parking: Yes, Leased, Attached, Garage
Pet Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
Sewer: Public Sewer
Total Rooms: 3
Township: North Chicago
Water: Lake Michigan
Room Sizes
Balcony/Porch/Lanai: 30X5
Kitchen: 10X8
Living Room: 20X18
Primary Bedroom: 12X9
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: Keller Williams ONEChicago
Agency Phone: 312-216-2422
Shown By
Agent Name: Kathleen Davis
Agent Phone: (815) 978-0606
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,822.69 per month $1,317.27 Principal & Interest $420.83 Property Tax $84.58 Homeowner's InsuranceChange Payment Information
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545 N Dearborn Street , Unit W3005 | MLS# 12668368
This condo located at 545 N Dearborn Street , Unit W3005, Chicago, IL 60654 is currently listed for sale with an asking price of $290,000. This property was built in 2003 and has 1 bedrooms and 1 full baths with 729 sq. ft. N Dearborn Street , Unit W3005 is located within the District 299 school district. Search Chicago real estate on kdavis.gogambino.com today.