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BEDS0
BATHS
MLS#12557284
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property DescriptionWelcome 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 FeaturesProperty 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 DescriptionsCurrent 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 ByListed By
Agency Name: Compass Shown By
Agent Name: Teresa Shreve 
Estimate Your PaymentEstimated Payment $ 23,662.33 per month $22,234.62 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,427.71 Homeowner's InsuranceChange Payment 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 tshreve.gogambino.com today.