BEDS0
BATHS
MLS#12557284
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
Property Description
Welcome to 1505-07 N. Dearborn Parkway, a pair of adjacent vintage greystone apartment buildings located in the heart of the Gold Coast, one of Chicago's most prestigious and supply-constrained residential neighborhoods. The properties represent a rare value-add opportunity within a premier submarket where renovated rental inventory is limited and long-term demand remains exceptionally strong. Both buildings feature striking curb appeal, classic greystone architecture, and well-preserved vintage details that resonate with Gold Coast renters. A new investor could modernize apartment interiors, enhance finishes, and capitalize on the unique and desirable floor plans to achieve meaningfully higher rent levels, while preserving the historic character that defines the neighborhood. The properties are offered individually or as a portfolio. In addition, available are adjacent properties at 1511 & 1515 N. Dearborn Parkway, which are currently gutted and present optional upside for a value-add investor or developer. Multiple offers received - Highest and best offers are due by 2/7 and will be presented to sellers on 2/9
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Lot Size: 25.1 X 132.4 X 41 X 132.4
Stories: 3.0
Year Built: 1888
Feature Descriptions
Current Use: Multi-Family
HVAC: Radiators
Lot Dimensions: 25.1 X 132.4 X 41 X 132.4
Parcel#: 17042100130000
Tenant Pays: Electricity
Units: 16
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 312-319-1168
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 12,321.86 per month $10,894.15 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,427.71 Homeowner's InsuranceChange Payment Information
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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1505-1507 N Dearborn Parkway | MLS# 12557284
This multi-family property located at 1505-1507 N Dearborn Parkway, Chicago, IL 60610 is currently listed for sale with an asking price of $4,895,000. Search Chicago real estate on www.bhhscrosby.com today.