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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.
| Address |
545 N Dearborn Street
Unit #W3005 Chicago, IL 60654 |
| Listing Status | New |
| Asking Price | $290,000 |
| On Market Date | Oct 19, 2026 |
| Special Listing Conditions | None |
| Parking Included in Price | No |
| Offered for Sale or Rent | No |
| Property Type | Residential |
| Rooms | Balcony/Porch/Lanai |
| Square Footage | 729 sq ft (Estimated) |
| Bedrooms | 1 |
| Bathrooms | 1 full |
| Total Rooms | 3 |
| Appliances | Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer |
| Laundry Location | Washer Hookup |
| Disability Access | No |
| Basement | None |
| Basement Bathroom | No |
| Year Built | 2003 |
| Built Before 1978 | No |
| Rehabbed | No |
| Rebuilt | No |
| New Construction | No |
| Property Style | Attached Single |
| Common Walls | End Unit |
| Stories | 45 |
| Unit Floor | 30 |
| Units in Building | 283 |
| Exterior Materials | Brick, Concrete |
| Exterior Features | Balcony, Dog Run |
| Patio and Porch | Deck, Patio |
| Pool Features | In Ground |
| Total Parking Spaces | 1 |
| Garage Spaces | 1 |
| Parking Features | Yes, Leased, Attached, Garage |
| HOA Fee | $743.00 per month |
| HOA Fee Includes | Heat, Air Conditioning, Water, Gas, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal |
| Special Assessments | No |
| 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 |
| Management Company | sudler |
| Management Contact | jeff weiss |
| Management Phone | 312-555-1212 |
| Board Number | 8 |
| Owner-Occupied Percentage | 61 |
| Pets Allowed | Cats OK, Dogs OK, Number Limit, Size Limit |
| Maximum Pet Weight | 25 |
| Owner May Rent Unit | Yes |
| Water Source | Lake Michigan |
| Sewer | Public Sewer |
| Heating | Forced Air |
| Cooling | Central Air |
| Neighborhood | CHI - Near North Side |
| Township | North Chicago |
| Directions | S/E Corner of Dearborn and Ohio |
| Middle School District | 299 |
| High School District | 299 |
| Tax Exemptions | None |
| Ownership | Condo |
| Possession | Closing |
| Broker Owned or Interest | No |
| Additional Parcels | No |
| General Information | None |
| Currently Leased | Yes |
| Lease Amount | 290 |
| Lease Expiration | May 31, 2027 |
| Timeline | Notes |
|---|---|
| Loading listing history… | |
| County | Cook |
| Tax PIN | 17092410361233 |
| Property Tax | $5,050 for the year 2024 |
| Street Locator |
South of Chicago Avenue South of Division Street East of La Salle West of Michigan Avenue South of North Avenue North of Roosevelt Road |
| Distance to L | 0.1 miles · Grand (Red) |
| Distance to Starbucks | 0.1 miles · Starbucks, 600 N State St |
| Distance to Lake Michigan | 0.7 miles |
| Corporate Limits | Chicago |
| Platform | MRED |
| MLS Number | MRD12788596 |
| Courtesy of | Keller Williams ONEChicago |
https://www.chicagotopcondos.com/MRD12788596
| Address | Unit | List Price | Status |
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