1505 N Dearborn Parkway, Chicago, IL 60610
Listed by Jeffrey Loweof Compass
Bought with Allon Skidelsky of Allon Skidelsky

$2,250,000

$2,250,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

SOLD DATE : 04/29/2026

Key Details

Sold Price $2,250,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12633712

Sold Date 04/29/26

Year Built 1890

Annual Tax Amount $42,190

Tax Year 2024

Lot Dimensions 25.1 X 132.4

Property Sub-Type Multi Family 5+

Property Description

Welcome to 1505 N. Dearborn Parkway, a vintage greystone apartment building with consisting of 7 units located in the heart of the Gold Coast, one of Chicago's most prestigious and supply-constrained residential neighborhoods. With 1507 N Dearborn, 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

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Exterior

View Y/N true

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Midwest Real Estate Data (MRED) VOW
NEARBY SCHOOLS & BUSINESSES

Learn More About LPT Realty

Tim Zielonka
Tim Zielonka

Managing Broker / Realtor | License ID: 471.004901

+1(773) 789-7349 | realty@agenttimz.com

Name
Phone*
Message

Free Account Required

  • Instant access to listing photos & details
  • Save listings and searches
  • Access details for this property