Properties

Features
: Central Air , Window Unit(s)
Address Map
US
IL
Cook
Chicago
60610
Dearborn
1505-1507
Parkway
W88° 22' 11.5''
N41° 54' 30.6''
North Ave south on Dearborn
CHI - Near North Side
CHI - Near North Side
N
N
MULTI
Additional Information
: Multi-Family
25.1 X 132.4 X 41 X 132.4
16
16
3
Compass
Jeffrey Lowe
Financial
125366.4
Listing Information
128393
87291
MRED
Listing Information
Contingent
2026-02-13T21:19:02Z
2026-02-13T21:16:09Z
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

Commercial Sale For Sale

1505-1507 N Dearborn Parkway, Chicago, Illinois 60610

$4,895,000
Listing ID#12557284
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12557284
Price : $4,895,000
Year Built : 1888
Listing Status : Active Under Contract
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