$2,150,000
642 N Dearborn Street
Chicago, IL, 60654
This is an income-producing, mixed-use investment opportunity with a projected NOI of $135,514. The highly desirable historical River North property is adjacent to the highly acclaimed Tao restaurant and consists of five units, billboard income, and a shared outdoor garden patio. The property benefits from favorable remaining lease terms, an opportunity for short-term rental management for additional income, and favorable DX-5 zoning permitting a variety of uses. Recent upgrades include a completely updated 3rd floor completed in 2025 and an updated 4th floor completed in 2021. The property is located in the heart of River North, offering exceptional walkability, immediate access to amenities, and easy access to major transport options, including the CTA Red, Brown, and Purple lines and 90/94 Expressway.
Property Details
Price:
$2,150,000
MLS #:
MRD12528262
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chinearnorthside
Listed Date:
Dec 8, 2025
Year Built:
1890
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2024
Taxes
$36,329
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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Current real estate data for Commercial in Chicago as of Dec 08, 2025
1,057
Commercial Listed
181
Avg DOM
155
Avg $ / SqFt
$1,072,944
Avg List Price
Community
- Address642 N Dearborn Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60654
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Property Summary
- 642 N Dearborn Street Chicago IL is a Commercial for sale in Chicago, IL, 60654. It is listed for $2,150,000 To schedule a showing of MLS#mrd12528262 at 642 N Dearborn Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
642 N Dearborn Street
Chicago, IL
