Back to searchdwelloSaveShareHideMore
View all 2 photos
Attached Single · Chicago, IL
$290,000
1 beds · 1 baths · 729 sqft
545 N Dearborn Street #W3005, Chicago, IL, 60654
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

Central air1-car garageIn-unit laundry
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.
— the listing agent’s description

The home

1 beds
1 baths
729 sqft
Built in 2003
Lot COMMON
1-car garage
Attached Single

What it’ll cost

$398 / sqft
$5,050 taxes / yr
$743/mo HOA
7 days on dwello

Estimated monthly payment

$2,791/mo
Principal & interest$1,542
Property taxes$421
Homeowners insurance$85
HOA dues$743
Get pre-qualified →Connect with a licensed lender in the dwello network.
Estimate only — not a loan offer. Example rate; taxes, HOA dues, insurance estimated; your actual rate, payment, taxes, and insurance will vary. dwello is not a lender. Equal Housing Opportunity.
Tour it with a real dwello agent
The agent who meets you here is an actual dwello Home Group team member who knows these streets — not a stranger who bought your name from a portal. You get straight answers on the spot, and the same person stays with you through closing.
On our team, vettedYour info is never soldWith you through closing

Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
Schedule a tour
7 days on dwello
Price history
Listed for sale
Jun 4, 2026
$290,000
Earlier records
Sold
Jun 30, 2016
$219,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$5,050/yr
Assessed value
2025
County assessor
$25,136~$251,360 mkt
2024
$25,136~$251,360 mkt
2023
$26,000~$260,000 mkt
2022
$26,000~$260,000 mkt
2021
$26,000~$260,000 mkt
2020
$23,253~$232,530 mkt
2019
$25,245~$252,450 mkt
2018
$25,245~$252,450 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Central AirForced AirBrickConcretePublic SewerYesLeased
Neighborhood
Loading map…
Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Justin Penn · Keller Williams ONEChicago
Listing last updated Jun 10, 2026 · data refreshed from the MLS Jun 17, 2026, 6:27 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:27 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
See it in personA real dwello agent on our team — never a sold lead.
Schedule a tour Message
No pressure — reach out whenever you’re ready.
Similar homes nearby
MessageSchedule a tour