$300,000
545 N Dearborn Street #W1602
Chicago, IL, 60654
Attention investors and owner-occupants-welcome to Dearborn Plaza at 545 N Dearborn St, Unit W1602. This spacious one-bedroom, one-bathroom condo features a private balcony and is move-in ready after an upgrade in May 2025. The unit includes brand new stainless steel kitchen appliances-refrigerator, stove, microwave-and a newer dishwasher. The modern, open-concept kitchen with white cabinetry offers ample storage and is perfect for entertaining. Enjoy in-unit laundry, an oversized bathroom with a soaking tub, and flooring throughout, including brand new flooring in the bedroom as of May 2025. The large bedroom that fits a king size bed includes a walk-in closet with built in shelving. Residents enjoy access to 50,000 square feet of resort-style amenities, including a 24/7 door staff, dry cleaner, bike storage, outdoor pool and sundeck with grills, running track, dog run, sauna, fitness center, indoor basketball court, party room, game room, business center, and a library with coffee and computer access. Monthly assessments cover cable, internet, air conditioning, heat, gas, and water-leaving only electricity for the owner. Building reserves was over $2 millions as of December 2024, with no special assessments planned. Rentals are allowed with a minimum 30-day lease, no rental cap, and no Airbnb permitted. On-site parking is available for rent at $350/month through third-party management on the third floor (not owned by the association). The building is pet-friendly with a limit of two pets per unit, up to 25 lbs each. Experience the best of modern, convenient city living-schedule your private tour today.
Property Details
Price:
$300,000
MLS #:
MRD12352671
Status:
Active Under Contract
Beds:
1
Baths:
1
Address:
545 N Dearborn Street #W1602
Type:
Condo
Neighborhood:
CHI – Near North Side
City:
Chicago
Listed Date:
May 7, 2025
State:
IL
Finished Sq Ft:
850
ZIP:
60654
Year Built:
2005
Schools
School District:
299
Interior
Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Gas Cooktop, Gas Oven
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Hardwood
Heating
Natural Gas
Laundry Features
Washer Hookup, In Unit
Exterior
Association Amenities
Bike Room/ Bike Trails, Door Person, Elevator(s), Exercise Room, Health Club, On Site Manager/ Engineer, Party Room, Sundeck, Pool, Receiving Room, Sauna, Service Elevator(s), Steam Room, Valet/ Cleaner, Spa/ Hot Tub, Business Center, Laundry
Construction Materials
Concrete
Exterior Features
Balcony
Parking Features
On Site, Leased, Attached, Garage
Parking Spots
1
Financial
HOA Fee
$740
HOA Frequency
Monthly
HOA Includes
Heat, Air Conditioning, Water, Gas, Insurance, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
Tax Year
2023
Taxes
$5,618
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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545 N Dearborn Street #W1602
Chicago, IL
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