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  • $384,900

    431 S Dearborn St APT 1204, Chicago, IL 60605

    3beds
    1,800sqft
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    Condominium, Single Family Residence
    Built in 1896
    -- sqft lot
    $381,200 Zestimate®
    $214/sqft
    $1,395/mo HOA

    What's special

    Abundant natural lightExceptional space
    Welcome to the iconic Manhattan Building, a designated Chicago Landmark, where timeless architectural character meets modern comfort. This expansive 3-bedroom, 2-bath residence offers exceptional space, abundant natural light, and the rare flexibility of a live/work designation. Designed with versatility in mind, the home can be easily converted into a 4-bedroom layout, creating an excellent opportunity for additional roommates or increased rental income. A welcoming foyer sets the tone with room for a bench and a generous double-wide coat closet. Beyond, the open living and dining area is filled with natural light from oversized north- and east-facing windows, while soaring 8'9" ceilings and a wood-burning fireplace create a warm, inviting atmosphere perfect for relaxing or entertaining. The updated kitchen features freshly painted cabinetry, granite countertops, stainless steel appliances, and a breakfast bar for casual dining or gathering with guests. A conveniently located closet houses a full-size washer and dryer. The spacious dining room offers outstanding flexibility and can remain an elegant entertaining space or be easily enclosed to create a fourth bedroom-an ideal option for maximizing rental potential or accommodating a growing household. The primary suite serves as a peaceful retreat with a wall of east-facing windows, new mirrored sliding closet doors, and a private ensuite bath. The second and third bedrooms are generously sized, each with ample room for a bed, desk, and sitting area, making them perfect for roommates, guests, or today's work-from-home lifestyle. Elegant French doors add architectural charm to one of the bedrooms, while the recently renovated second bath features a new shower, modern vanity, and updated tile flooring. A rare live/work designation offers unmatched flexibility for professionals, creatives, and entrepreneurs, while the option to convert the home into a four-bedroom residence makes this property equally appealing as a primary home or investment. Residents enjoy weekday door staff (9 a.m.-5 p.m.), on-site management, and the distinctive character of one of Chicago's most celebrated historic buildings. Perfectly situated in the heart of the city, you're just moments from the Loop, the lakefront, shopping, acclaimed restaurants, nightlife, and public transportation. Located within the sought-after South Loop School boundaries and offering convenient access to major expressways, this home combines historic elegance, modern updates, and exceptional versatility in one remarkable residence. Whether you're looking for a spacious city home or an investment with strong income potential, this adaptable residence at the Manhattan Building offers the best of both worlds.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Katsulis (847)707-5286,

    THE NAV AGENCY,

    Montserrat Fernandez Velasco 630-290-9959,

    THE NAV AGENCY

    Source: MRED as distributed by MLS GRID,MLS#: 12704193MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Walk In Closet, Foyer
      Primary bedroom
      • Features: Flooring (Carpet), Bathroom (Full)
      • Level: Main
      • Area: 252 Square Feet
      • Dimensions: 18X14
      Bedroom 2
      • Features: Flooring (Carpet)
      • Level: Main
      • Area: 165 Square Feet
      • Dimensions: 11X15
      Bedroom 3
      • Features: Flooring (Hardwood)
      • Level: Main
      • Area: 195 Square Feet
      • Dimensions: 15X13
      Dining room
      • Features: Flooring (Hardwood)
      • Level: Main
      • Area: 204 Square Feet
      • Dimensions: 17X12
      Foyer
      • Features: Flooring (Hardwood)
      • Level: Main
      • Area: 48 Square Feet
      • Dimensions: 6X8
      Kitchen
      • Features: Kitchen (Eating Area-Breakfast Bar), Flooring (Other)
      • Level: Main
      • Area: 154 Square Feet
      • Dimensions: 14X11
      Laundry
      • Level: Main
      • Area: 35 Square Feet
      • Dimensions: 5X7
      Living room
      • Features: Flooring (Hardwood)
      • Level: Main
      • Area: 506 Square Feet
      • Dimensions: 22X23
      Walk in closet
      • Level: Main
      • Area: 50 Square Feet
      • Dimensions: 10X5
      Heating
      • Electric, Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Range, Microwave, Dishwasher, Refrigerator
      • Laundry: Main Level, Washer Hookup, In Unit, Laundry Closet
      Features
      • Storage, Built-in Features, Walk-In Closet(s), High Ceilings
      • Flooring: Hardwood
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      Interior area
      • Total structure area: 0
      • Total interior livable area: 1,800 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Off Site, Leased, Detached, Garage
      • Garage spaces: 1
      Accessibility
      • Accessibility features: No Disability Access
      Details
      • Parcel number: 17162460181089
      • Special conditions: List Broker Must Accompany

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium, Single Family Residence
      Materials
      • Brick, Marble/Granite
      Condition
      • New construction: No
      • Year built: 1896

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Lake Michigan

      Community & HOA

      HOA
      • Has HOA: Yes
      • Amenities included: Bike Room/Bike Trails, Elevator in Residence, Storage, On Site Manager/Engineer, Receiving Room
      • Services included: Water, Insurance, Doorman, Exterior Maintenance, Scavenger, Snow Removal
      • HOA fee: $1,395 monthly
      Location
      • Region: Chicago

      Financial & listing details

      • Price per square foot: $214/sqft
      • Tax assessed value: $384,500
      • Annual tax amount: $7,799
      • Date on market: 7/14/2026
      • Ownership: Condo

        Estimated market value

        $381,200

        $362,000 - $400,000

        $3,942/mo

        Price history

        DateEventPrice
        7/14/2026Listed for sale$384,900$214/sqft
        Source: MRED as distributed by MLS GRID #12704193 Report a problem
        7/14/2026Listing removed$384,900$214/sqft
        Source: MRED as distributed by MLS GRID #12665831 Report a problem
        6/2/2026Listed for sale$384,9000%$214/sqft
        Source: MRED as distributed by MLS GRID #12665831 Report a problem
        4/3/2026Listing removed$385,000$214/sqft
        Source: MRED as distributed by MLS GRID #12484539 Report a problem
        12/3/2025Price change$385,000-3.5%$214/sqft
        Source: MRED as distributed by MLS GRID #12484539 Report a problem
        11/4/2025Listed for sale$399,000$222/sqft
        Source: MRED as distributed by MLS GRID #12484539 Report a problem
        10/14/2025Contingent$399,000$222/sqft
        Source: MRED as distributed by MLS GRID #12484539 Report a problem
        10/7/2025Listed for sale$399,000+9.3%$222/sqft
        Source: MRED as distributed by MLS GRID #12484539 Report a problem
        4/1/2022Sold$365,000+1.4%$203/sqft
        Source: MRED as distributed by MLS GRID #11295052 Report a problem
        2/15/2022Contingent$359,900$200/sqft
        Source: MRED as distributed by MLS GRID #11295052 Report a problem
        2/8/2022Listed for sale$359,900-7.5%$200/sqft
        Source: MRED as distributed by MLS GRID #11295052 Report a problem
        12/22/2021Listing removed--
        Source: RE/MAX International Report a problem
        8/3/2021Price change$389,000-2.5%$216/sqft
        Source: RE/MAX International #11135548 Report a problem
        6/25/2021Listed for sale$399,000+11.8%$222/sqft
        Source: RE/MAX International #11135548 Report a problem
        3/8/2019Sold$357,000+2%$198/sqft
        Source: MRED as distributed by MLS GRID #10249428 Report a problem
        1/15/2019Pending sale$350,000$194/sqft
        Source: Exit Strategy Realty #10249428 Report a problem
        1/15/2019Listed for sale$350,000+3.2%$194/sqft
        Source: Exit Strategy Realty #10249428 Report a problem
        10/19/2005Sold$339,000+66.2%$188/sqft
        Source: Public Record Report a problem
        7/13/2005Sold$204,000-39.1%$113/sqft
        Source: Public Record Report a problem
        11/5/1999Sold$335,000+19%$186/sqft
        Source: Public Record Report a problem
        11/20/1997Sold$281,500$156/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $38,450 +4%
        2023$7,799 +2.6%$36,965
        2022$7,603 +2.3%$36,965
        2021$7,433 -0.9%$36,965 +9.8%
        2020$7,501 +1.8%$33,670 -8.2%
        2019$7,367 +1.7%$36,670
        2018$7,244 +6.9%$36,670 +16.5%
        2017$6,778 +7.5%$31,488
        2016$6,307 +9.3%$31,488
        2015$5,770 +17.7%$31,488 +19.2%
        2014$4,901 +2%$26,415
        2013$4,804 -7.1%$26,415 -8.4%
        2012$5,174 -12.1%$28,832 -20.6%
        2011$5,887 -0.4%$36,332
        2010$5,912 +4.4%$36,332
        2009$5,665 +5%$36,332 -3.5%
        2008$5,398 +1%$37,631
        2007$5,345 -1.1%$37,631
        2006$5,402 +6.7%$37,631 +21.4%
        2005$5,063 +11.4%$30,986
        2004$4,544 +4.5%$30,986
        2003$4,350 -5.4%$30,986 +13%
        2002$4,599 +4.6%$27,419
        2001$4,398 -8.4%$27,419
        2000$4,800 +45%$27,419 +9.7%
        1999$3,311 $24,988
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: The Loop

        Getting around

        99 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        85 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: South Loop Elementary School
        • Middle: South Loop 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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