For Sale at Grand Plaza: 545 N Dearborn Street #W3005, Chicago, IL 60654. 1-bedroom 1-bath, 729 sf, 2003 NEAR NORTH SIDE $290,000 begin new search
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Overview

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 ConditionsNone
Parking Included in PriceNo
Offered for Sale or RentNo
Property TypeResidential
Rooms
RoomsBalcony/Porch/Lanai
Square Footage 729 sq ft (Estimated)
Bedrooms 1
Bathrooms 1 full
Total Rooms3
AppliancesRange, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer
Laundry LocationWasher Hookup
Disability AccessNo
BasementNone
Basement BathroomNo
Building & Exterior
Year Built2003
Built Before 1978No
RehabbedNo
RebuiltNo
New ConstructionNo
Property StyleAttached Single
Common WallsEnd Unit
Stories45
Unit Floor30
Units in Building283
Exterior MaterialsBrick, Concrete
Exterior FeaturesBalcony, Dog Run
Patio and PorchDeck, Patio
Pool FeaturesIn Ground
Parking
Total Parking Spaces1
Garage Spaces1
Parking FeaturesYes, Leased, Attached, Garage
HOA & Building Amenities
HOA Fee$743.00 per month
HOA Fee IncludesHeat, Air Conditioning, Water, Gas, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal
Special AssessmentsNo
Association AmenitiesDoor 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 Companysudler
Management Contactjeff weiss
Management Phone312-555-1212
Board Number8
Owner-Occupied Percentage61
Pets AllowedCats OK, Dogs OK, Number Limit, Size Limit
Maximum Pet Weight25
Owner May Rent UnitYes
Utilities
Water SourceLake Michigan
SewerPublic Sewer
HeatingForced Air
CoolingCentral Air
Location & Schools
NeighborhoodCHI - Near North Side
TownshipNorth Chicago
DirectionsS/E Corner of Dearborn and Ohio
Middle School District299
High School District299
Taxes & Listing Details
Tax ExemptionsNone
OwnershipCondo
PossessionClosing
Broker Owned or InterestNo
Additional ParcelsNo
General InformationNone
Currently LeasedYes
Lease Amount290
Lease ExpirationMay 31, 2027
Listing History
Timeline Notes
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Public Records
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 L0.1 miles · Grand (Red)
Distance to Starbucks0.1 miles · Starbucks, 600 N State St
Distance to Lake Michigan 0.7 miles
Corporate LimitsChicago
Monthly Payment Calculator
Listing Source
Platform MRED
MLS Number MRD12788596
Courtesy of Keller Williams ONEChicago
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