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 Active
Asking Price $290,000
On Market Date $290,000 @ Jul 16, 2026
Original Entry Jul 16, 2026
Rooms
Balcony/Porch/Lanai
Square Footage 729 sf
Bedrooms 1
Full Bathrooms 1
Location
Directions S/E Corner of Dearborn and Ohio
Neighborhood NEAR NORTH SIDE
Complex Grand Plaza
School District Not Listed
Ownership
Property Type Condo
Assessment $743
HOA 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
Public Records
County Cook
Tax PIN 17092410361233
Property Tax $5,050 for the year 2024
Lake Michigan Distance 0.7 miles
Exterior
Style Attached Single
Material Balcony,Dog Run
Lot Size COMMON
Fencing Not Listed
Topography Not Listed
Entry Steps 30
Swimming Pool In Ground
Patio Deck, Patio
Parking
Yes
Leased
Attached
Garage
Total Spaces: 1
Garage Spaces: 1
Non-Garage Spaces: 0 -
View Not Listed
Features
Year Built 2003
Laundry Location Washer Hookup
Elevator Not Listed
Cooling Central Air
Heating Forced Air
Sewer/Septic Public Sewer
Fireplaces Not Listed
Additional Parcels No
Appliances Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer
Appliances No
Assessments No
Association No
Association Fee 2 0
Association Fee Frequency Monthly
Attached Garage No
Basement None
Below Grade Finished Area 0
Carport Spaces 0
Common Walls End Unit
Cooling No
Heating No
High School District 299
Land Lease No
Laundry No
Living Area Source Estimated
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking No
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12706935
Courtesy of Keller Williams ONEChicago