A truly one-of-a-kind loft offering an extraordinary blend of history, scale, and architectural character. Once home to the original hardware used by the Lyric Opera to construct production sets, this remarkable residence showcases breathtaking 27-foot ceilings at their highest point, creating an unforgettable sense of volume and light. Thoughtfully designed across three levels, the unique open-concept layout offers exceptional flexibility with three open bedrooms, two dedicated office spaces-including one that can easily serve as an expansive walk-in dressing room-and two full bathrooms. Designed for both everyday living and effortless entertaining, the dramatic main living area flows seamlessly into the dining space and spacious kitchen. The kitchen features a large island with breakfast bar seating, abundant cabinetry, granite countertops, and stainless steel appliances. The natural stone bathrooms provide a spa-like retreat, highlighted by a luxurious primary bath with a double vanity, separate shower, and oversized jetted soaking tub. Completing this exceptional home is a private balcony showcasing city and lake views to the east, in-unit laundry, impressive storage throughout, and an attached garage parking space included in the price. Ideally located with convenient access to Lake Shore Drive, I-55, I-90/94, the lakefront, downtown Chicago, and everything the city has to offer, this is a rare opportunity to own one of Chicago's most distinctive loft residences.
New
$549,000
2545 S Dearborn St APT 702, Chicago, IL 60616
3beds
2,000sqft
Condominium, Apartment, Single Family Residence
Built in 1909
-- sqft lot
$-- Zestimate®
$275/sqft
$694/mo HOA
What's special
Spa-like retreatOne-of-a-kind loftThree open bedroomsNatural stone bathroomsTwo dedicated office spacesIn-unit laundryUnique open-concept layout
- 22 hours |
- 96 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Laura Topp 773-419-0076,
Berkshire Hathaway HomeServices Chicago,
Rebecca Conant,
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12698766
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Office
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Full, Double Sink, Tub & Separate Shwr, Whirlpool & Sep Shwr, Whirlpool)
- Level: Third
- Area: 192 Square Feet
- Dimensions: 16X12
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12X8
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Main
- Area: 32 Square Feet
- Dimensions: 4X8
Dining room
- Level: Main
- Dimensions: COMBO
Kitchen
- Features: Kitchen (Eating Area-Breakfast Bar, Island, Granite Counters, SolidSurfaceCounter, Updated Kitchen), Flooring (Hardwood)
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Laundry
- Level: Main
- Area: 9 Square Feet
- Dimensions: 3X3
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 272 Square Feet
- Dimensions: 16X17
Office
- Features: Flooring (Hardwood)
- Level: Second
- Area: 152 Square Feet
- Dimensions: 19X8
Office
- Features: Flooring (Hardwood)
- Level: Third
- Area: 136 Square Feet
- Dimensions: 17X8
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
- Laundry: Main Level, Washer Hookup, In Unit
Features
- Cathedral Ceiling(s), 1st Floor Bedroom, 1st Floor Full Bath, Storage, Open Floorplan, Granite Counters, Health Facilities, Lobby
- Flooring: Hardwood
- Windows: Drapes
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Door Opener, Heated Garage, Yes, 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
Details
- Additional parcels included: 17282370391177
- Parcel number: 17282370391114
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Apartment, Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1909
- Major remodel year: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Opera Lofts
HOA
- Has HOA: Yes
- Amenities included: Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Sundeck, Security Door Lock(s), Ceiling Fan
- Services included: Water, Parking, Insurance, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- HOA fee: $694 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $491,770
- Annual tax amount: $10,381
- Date on market: 7/15/2026
- Ownership: Condo
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $549,000+19.9%$275/sqft |
Source:  MRED as distributed by MLS GRID #12698766 Report a problem | ||
| 3/6/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11679881 Report a problem | ||
| 11/29/2022 | Listed for rent | $3,500$2/sqft |
Source: Zillow Rental Network_1 #11679881 Report a problem | ||
| 3/29/2018 | Sold | $458,000+1.8%$229/sqft |
Source: MRED as distributed by MLS GRID #09850668 Report a problem | ||
| 11/30/2016 | Sold | $450,000$225/sqft |
Source: MRED as distributed by MLS GRID #09345401 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $49,177 -2.9% |
| 2023 | $10,722 +2.6% | $50,652 |
| 2022 | $10,451 +2.3% | $50,652 |
| 2021 | $10,216 +61.2% | $50,652 +78% |
| 2020 | $6,339 +10.9% | $28,454 |
| 2019 | $5,717 +1.7% | $28,454 |
| 2018 | $5,621 +74.2% | $28,454 +89.8% |
| 2017 | $3,226 +7.5% | $14,988 |
| 2016 | $3,002 -27.1% | $14,988 -33.3% |
| 2015 | $4,118 | $22,474 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Loop
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
- Elementary: Drake Elementary School
- High: Phillips Academy High School
- 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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