Don't miss this character-filled, RARELY available 2-bedroom loft in chic South Loop at The Opera Lofts with deeded garage parking space included. This gem is approximately 1000 sq ft, has over 11' ceilings, exposed brick, and a spacious balcony, the condo exudes style and sophistication. This loft building offers unique and dramatic spaces, perfect for the modern urbanite. Featuring hardwood floors, granite countertops, a gas fireplace, and stainless-steel appliances, the kitchen is both sleek and functional, optimal for entertaining. Retreat to a spa-like bathroom that boasts cool exposed brick, marble finishes, a jetted tub, and a vessel sink. The balcony is ideal for grilling and relaxing. The in-unit washer and dryer completes the space. This prime location near highways, the lake front bike/walk paths, the 31st street beach/harbor, Downtown Chicago, Chinatown, McCormick Place, and Universities; offers convenience and accessibility for all your needs. Building amenities include heated garage parking, a fitness center, a 7000 sq. ft. green roof with two decks, and a pet-friendly dog run. The Opera Lofts building was originally the design workshop and warehouse for the world-famous Lyric Opera of Chicago. In 2007, it was converted into 93 unique sun-filled, dramatic, and inspired loft residences. Schedule your private showing today; don't miss the chance to own a piece of history while living in contemporary luxury!
Closed
$298,500
2545 S Dearborn St APT 508, Chicago, IL 60616
2beds
990sqft
Condominium, Apartment, Single Family Residence
Built in 1907
-- sqft lot
$321,700 Zestimate®
$302/sqft
$1,908 Estimated rent
Home value
$321,700
$296,000 - $351,000
$1,908/mo
Zestimate® history
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$2,516/mo
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List your homeWhat's special
Gas fireplaceSpacious balconyExposed brickSpa-like bathroomIn-unit washer and dryerGranite countertopsHardwood floors
Zillow last checked:
Listing updated:
Listed by:
Stephne Pettitt-Gaines 312-554-5478,
EXIT Strategy Realty
Bought with:
Jennifer Engel
Redfin Corporation
Source: MRED as distributed by MLS GRID,MLS#: 12271979
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Balcony/Porch/Lanai, Foyer, Storage
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Full)
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14X13
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10X9
Balcony porch lanai
- Level: Main
- Area: 78 Square Feet
- Dimensions: 13X6
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Dimensions: COMBO
Foyer
- Features: Flooring (Hardwood)
- Level: Lower
- Area: 56 Square Feet
- Dimensions: 7X8
Kitchen
- Features: Kitchen (Eating Area-Breakfast Bar, Island, Granite Counters), Flooring (Hardwood)
- Level: Main
- Area: 255 Square Feet
- Dimensions: 17X15
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13X9
Storage
- Features: Flooring (Hardwood)
- Level: Lower
- Area: 39 Square Feet
- Dimensions: 3X13
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Humidifier
- Laundry: Washer Hookup, In Unit
Features
- Cathedral Ceiling(s), Elevator, Open Floorplan, Granite Counters, Health Facilities
- Flooring: Hardwood
- Windows: Screens
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Attached Fireplace Doors/Screen, Gas Log, Living Room
Interior area
- Total structure area: 0
- Total interior livable area: 990 sqft
Property
Parking
- Total spaces: 1
- Parking features: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Patio & porch: Roof Deck, Deck
- Exterior features: Balcony, Dog Run
Details
- Additional parcels included: 17282370391125
- Parcel number: 17282370391086
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Apartment, Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Roof
Community & HOA
Community
- Subdivision: Opera Lofts
HOA
- Has HOA: Yes
- Amenities included: Bike Room/Bike Trails, Elevator(s), Exercise Room, Sundeck, Security Door Lock(s), Service Elevator(s)
- Services included: Water, Insurance, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- HOA fee: $411 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $302/sqft
- Tax assessed value: $297,070
- Annual tax amount: $6,803
- Date on market: 5/2/2025
- Listing terms: Conventional
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $298,500-0.2%$302/sqft |
Source:  MRED as distributed by MLS GRID #12271979 Report a problem | ||
| 9/4/2025 | Listed for sale | $299,000$302/sqft |
Source:  Exit Realty #12271979 Report a problem | ||
| 8/15/2025 | Contingent | $299,000$302/sqft |
Source: MRED as distributed by MLS GRID #12271979 Report a problem | ||
| 7/10/2025 | Price change | $299,000-8%$302/sqft |
Source: MRED as distributed by MLS GRID #12271979 Report a problem | ||
| 6/20/2025 | Price change | $325,000-6.9%$328/sqft |
Source: MRED as distributed by MLS GRID #12271979 Report a problem | ||
| 5/14/2025 | Price change | $348,999-0.3%$353/sqft |
Source: MRED as distributed by MLS GRID #12271979 Report a problem | ||
| 5/2/2025 | Listed for sale | $350,000+17.9%$354/sqft |
Source: MRED as distributed by MLS GRID #12271979 Report a problem | ||
| 9/16/2008 | Sold | $296,900$300/sqft |
Source: MRED as distributed by MLS GRID #06948798 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $29,707 +0.2% |
| 2023 | $6,274 +2.6% | $29,640 |
| 2022 | $6,115 +2.3% | $29,640 |
| 2021 | $5,978 +11.6% | $29,640 +23.3% |
| 2020 | $5,357 -1% | $24,046 -10.7% |
| 2019 | $5,410 +1.7% | $26,927 |
| 2018 | $5,319 +62.6% | $26,927 +77.2% |
| 2017 | $3,272 +7.5% | $15,199 |
| 2016 | $3,044 +9.3% | $15,199 |
| 2015 | $2,785 | $15,199 |
Find assessor info on the county website
Neighborhood: South Loop
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Nearby schools
GreatSchools rating
- 4/10Drake Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$321,700
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Estimated market value
$321,700
- Illinois
- Cook County
- Chicago
- 60616
- South Loop
- 2545 S Dearborn St Apartment 508
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