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.
New
$290,000
545 N Dearborn St #W3005, Chicago, IL 60654
1beds
729sqft
Condominium, Single Family Residence
Built in 2003
-- sqft lot
$284,900 Zestimate®
$398/sqft
$743/mo HOA
What's special
Modern finishesOutdoor poolStunning city viewsThoughtful updates throughout
- 9 hours |
- 66 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Justin Penn 312-216-2422,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12706935
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Balcony/Porch/Lanai
Primary bedroom
- Features: Flooring (Hardwood)
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12X9
Balcony porch lanai
- Level: Main
- Area: 150 Square Feet
- Dimensions: 30X5
Kitchen
- Features: Flooring (Hardwood)
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10X8
Living room
- Features: Flooring (Hardwood), Window Treatments (Blinds)
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20X18
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer
- Laundry: Washer Hookup
Features
- Basement: None
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 0
- Total interior livable area: 729 sqft
Property
Parking
- Total spaces: 1
- Parking features: Yes, Leased, Attached, Garage
- Attached garage spaces: 1
Accessibility
- Accessibility features: No Disability Access
Features
- Patio & porch: Deck, Patio
- Exterior features: Balcony, Dog Run
- Pool features: In Ground
Details
- Parcel number: 17092410361233
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick, Concrete
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: 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
- Services included: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal
- HOA fee: $743 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $398/sqft
- Tax assessed value: $251,360
- Annual tax amount: $5,050
- Date on market: 7/16/2026
- Ownership: Condo
Estimated market value
$284,900
$271,000 - $299,000
$2,602/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $290,000$398/sqft |
Source:  MRED as distributed by MLS GRID #12706935 Report a problem | ||
| 7/16/2026 | Listing removed | $290,000$398/sqft |
Source: MRED as distributed by MLS GRID #12668368 Report a problem | ||
| 6/4/2026 | Listed for sale | $290,000+5.8%$398/sqft |
Source: MRED as distributed by MLS GRID #12668368 Report a problem | ||
| 7/15/2019 | Sold | $274,000-1.8%$376/sqft |
Source: MRED as distributed by MLS GRID #10406119 Report a problem | ||
| 6/26/2019 | Pending sale | $279,000$383/sqft |
Source: State Street Properties Chgo. #10406119 Report a problem | ||
| 6/22/2019 | Listed for sale | $279,000$383/sqft |
Source: State Street Properties Chgo. #10406119 Report a problem | ||
| 6/16/2019 | Pending sale | $279,000$383/sqft |
Source: State Street Properties Chgo. #10406119 Report a problem | ||
| 6/16/2019 | Listing removed | $2,200-2.2%$3/sqft |
Source: State Street Properties Chgo. #10402553 Report a problem | ||
| 6/6/2019 | Price change | $279,000-2.1%$383/sqft |
Source: State Street Properties Chgo. #10406119 Report a problem | ||
| 5/17/2019 | Price change | $2,250-2.2%$3/sqft |
Source: State Street Properties Chgo. #10346596 Report a problem | ||
| 5/9/2019 | Price change | $285,000-1.7%$391/sqft |
Source: State Street Properties Chgo. #10357250 Report a problem | ||
| 4/26/2019 | Price change | $290,000-1.4%$398/sqft |
Source: State Street Properties Chgo. #10357250 Report a problem | ||
| 4/18/2019 | Price change | $294,000-1.8%$403/sqft |
Source: State Street Properties Chgo. #10310814 Report a problem | ||
| 4/18/2019 | Listed for rent | $2,300+4.5%$3/sqft |
Source: State Street Properties Chgo. #10346596 Report a problem | ||
| 3/29/2019 | Price change | $299,500-1.8%$411/sqft |
Source: State Street Properties Chgo. #10310814 Report a problem | ||
| 3/17/2019 | Listed for sale | $304,900+5.1%$418/sqft |
Source: State Street Properties Chgo. #10310814 Report a problem | ||
| 5/31/2018 | Listing removed | $290,000$398/sqft |
Source: State Street Properties Chgo. #09953572 Report a problem | ||
| 5/17/2018 | Price change | $290,000+0.3%$398/sqft |
Source: State Street Properties Chgo. #09953572 Report a problem | ||
| 5/3/2018 | Price change | $289,000-3.3%$396/sqft |
Source: State Street Properties Chgo. #09930485 Report a problem | ||
| 5/2/2018 | Listing removed | $2,200$3/sqft |
Source: State Street Properties Chgo. #09925455 Report a problem | ||
| 4/27/2018 | Price change | $299,000-3.2%$410/sqft |
Source: State Street Properties Chgo. #09930485 Report a problem | ||
| 4/23/2018 | Listed for sale | $309,000$424/sqft |
Source: State Street Properties Chgo. #09897002 Report a problem | ||
| 4/18/2018 | Pending sale | $309,000$424/sqft |
Source: State Street Properties Chgo. #09897002 Report a problem | ||
| 4/17/2018 | Listed for rent | $2,200$3/sqft |
Source: State Street Properties Chgo. #09917403 Report a problem | ||
| 3/27/2018 | Listed for sale | $309,000+41.1%$424/sqft |
Source: State Street Properties Chgo. #09897002 Report a problem | ||
| 7/19/2016 | Sold | $219,000-22.6%$300/sqft |
Source: Public Record Report a problem | ||
| 8/6/2007 | Sold | $283,000$388/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $25,136 -3.3% |
| 2023 | $5,486 +2.6% | $25,999 |
| 2022 | $5,348 +2.3% | $25,999 |
| 2021 | $5,228 +0.9% | $25,999 +11.8% |
| 2020 | $5,180 +2.1% | $23,253 -7.9% |
| 2019 | $5,072 +1.7% | $25,245 |
| 2018 | $4,987 +3.6% | $25,245 +12.9% |
| 2017 | $4,815 +7.5% | $22,365 |
| 2016 | $4,479 +9.3% | $22,365 |
| 2015 | $4,098 +14.7% | $22,365 +16.1% |
| 2014 | $3,574 +2% | $19,263 |
| 2013 | $3,503 +1.4% | $19,263 |
| 2012 | $3,457 +13% | $19,263 +2% |
| 2011 | $3,060 -6.6% | $18,883 -6.2% |
| 2010 | $3,275 +4.4% | $20,126 |
| 2009 | $3,138 -22.5% | $20,126 -28.7% |
| 2008 | $4,050 | $28,234 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: River North
Nearby schools
GreatSchools rating
- 4/10Ogden Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 2.1 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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