431 S Dearborn Street #1204
Chicago, IL, 60605
$384,900
3 Beds
2 Baths
1,800 SqFt
0 Acres
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$384,900
431 S Dearborn Street #1204
Chicago, IL, 60605
MLS #MRD12704193 image #0MLS #MRD12704193 image #1MLS #MRD12704193 image #2MLS #MRD12704193 image #3MLS #MRD12704193 image #4MLS #MRD12704193 image #5MLS #MRD12704193 image #6MLS #MRD12704193 image #7MLS #MRD12704193 image #8MLS #MRD12704193 image #9MLS #MRD12704193 image #10MLS #MRD12704193 image #11MLS #MRD12704193 image #12MLS #MRD12704193 image #13MLS #MRD12704193 image #14MLS #MRD12704193 image #15MLS #MRD12704193 image #16MLS #MRD12704193 image #17MLS #MRD12704193 image #18MLS #MRD12704193 image #19MLS #MRD12704193 image #20MLS #MRD12704193 image #21
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.

Property Details

Price:
$384,900
MLS #:
MRD12704193
Status:
Active
Beds:
3
Baths:
2
Type:
Condo
Neighborhood:
chiloop
Listed Date:
Jul 14, 2026
Finished Sq Ft:
1,800
Year Built:
1896
Parking TotalChi – LoopChiloopSouth Loop Elementary SchoolSouth Loop Elementary SchoolPhillips Academy High SchoolCats Ok

Schools

School District:
299
Elementary School:
South Loop Elementary School
Middle School:
South Loop Elementary School
High School:
Phillips Academy High School

Interior

Appliances
Range, Microwave, Dishwasher, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Fireplaces Total
1
Flooring
Hardwood
Heating
Electric, Forced Air
Interior Features
Storage, Built-in Features, Walk-In Closet(s), High Ceilings
Laundry Features
Main Level, Washer Hookup, In Unit, Laundry Closet

Exterior

Association Amenities
Bike Room/Bike Trails, Elevator in Residence, Storage, On Site Manager/Engineer, Receiving Room
Construction Materials
Brick, Marble/Granite
Garage Spaces
1
Parking Features
Off Site, Leased, Detached, Garage
Parking Spots
1
Parking Total
1

Financial

HOA Fee
$1,395
HOA Fee Frequency
Monthly
HOA Includes
Water, Insurance, Doorman, Exterior Maintenance, Scavenger, Snow Removal
Tax Year
2023
Taxes
$7,799
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Condo in Chicago as of Jul 24, 2026
3,159
Condo Listed
63
Avg DOM
381
Avg $ / SqFt
$636,242
Avg List Price

Community

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Property Summary

    431 S Dearborn Street #1204 Chicago IL is a Condo for sale in Chicago, IL, 60605. It is listed for $384,900 and features 3 beds, 2 baths, and has approximately 1,800 square feet of living space, and was originally constructed in 1896. The current price per square foot is $214. The average price per square foot for Condo listings in Chicago is $381. The average listing price for Condo in Chicago is $636,242. To schedule a showing of MLS#mrd12704193 at 431 S Dearborn Street #1204 in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
431 S Dearborn Street #1204
Chicago, IL