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Updated 8 hours ago

545 N Dearborn

VERIFIED

Chicago, IL

1 Bed
1 Bath

760 Sq. Ft.

Available Now
1 Bed • 1 Bath
$2,600
760 ft2
1 Available
-
$2,600
Available Now
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Where you'll live
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Map View
Satellite View
Amenities
In-unit Laundry
Pool
Cable Included
Internet Included
Hardwood Floors
Water Included
Dishwasher
Central A / C
Elevator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Property details
Description

This 1-bedroom convertible, 1-bath condo is perfectly located in the heart of River North. The spacious living room opens to a private balcony with city views. The kitchen features white cabinetry and stainless steel appliances. With updated flooring, JUST PAINTED, and an in-unit stackable washer and dryer, this home is move-in ready and designed for convenience. Building amenities include a rooftop running track, dog run, expansive gym with a basketball court and fitness studio, and a refreshing outdoor pool with cabanas. Host gatherings in one of two party rooms, unwind in the sauna or club room, and take advantage of the library, business center, and 24/7 door staff. On-site conveniences also include dry cleaners and a package room. All within walking distance to Whole Foods, Trader Joe’s, Jewel, and the Red Line. (Property Management firm requires mandatory Resident Benefits Package for an additional $40.00 per month; includes renters insurance, positive credit reporting for on-time rental payments, identity fraud protection and more.)

Additional Details
Contact Name: Angelos Goudis
Total Unit Count: 1
Last Updated: Updated 8 hours ago
Contact Number: (630) 518-1894
Property manager information
Fulton Grace Realty
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Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Radiate Holdings, LP 1000.0 20.0
Radiate Holdings, LP 500.0 20.0
Access Media Holdings, LLC 200.0 10.0
ViaSat, Inc. 35.0 3.0
Radiate Holdings, LP 25.0 4.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
Neighborhood
River North
Experience the Magnificent Mile & Michigan Avenue in Chicago’s River North

Chicago was incorporated in 1837 on waterways--for trading--and was re-built in 1871 after the Chicago Fire. The area known today as River North contained warehouses, shipping facilities, railroad tracks, worker’s housing, factories and forges. Because of the number of factories--and the smoke they produced--the area was referred to as Smokey Hollow. When the port was closed the area fell into disrepair as the warehouses and factories vacated and residents moved to the suburbs. From the 1920s through the 1960s it was almost deserted and became known as a red-light district. As artists began to reclaim the large vacated buildings for relatively little money, they turned the old warehouses and factories into galleries, studios, offices and apartments. Real estate developer Albert Friedman coined the name River North to help the area lose its reputation as a derelict district.

River North now has the largest concentration of art galleries outside of Manhattan and a revitalized entertainment industry. It is also home to international corporations such as ConAgra, Groupon and Motorola. The eastern border is Michigan Avenue; the northern edge is Chicago Avenue and the Chicago River is on the south and west perimeters.
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 545 N Dearborn by bedroom type below.
1 Bedroom
Suggested income:
$93,600
per year
Rent report

545 N Dearborn Rent vs. Chicago Average

 545 N Dearborn      Chicago Average
1BR
$2,600
$2,034
$0
$850
$1,700
$2,550
$3,400

545 N Dearborn is asking 28% more than the average 1 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 2 bedroom apartment, you would pay 19% more per month.

If you downsized to an average priced Chicago studio apartment, you would pay 28% less per month.

545 N Dearborn provides 9% more square footage than the average Chicago 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
545 N Dearborn
1BR $2,600 $3.40 $7,800
Chicago Average
Studio $1,594 $3.40 $4,782
1BR $2,034 $2.90 $6,101
2BR $2,509 $2.50 $7,527
3BR $3,033 $2.40 $9,100
4BR $3,527 $2.20 $10,580

Availability in Chicago

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 3,861 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
22% 36% 30% 9% 2%
Available Units in Chicago
Studio 2,359
1BR 3,861
2BR 3,241
3BR 1,008
4BR 213
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Harold Washington Library Center 1.2 mi 25 min 8 min 2 min
Columbia College Library 1.5 mi 29 min 10 min 2 min
Fitness Center 1.5 mi 31 min 9 min 3 min
(Future) Student Center 1.6 mi 31 min 10 min 3 min
Nearby Hospitals
Name Distance
Northwestern Memorial Hospital 0.47 mi.
Ann & Robert H Lurie Children's Hospital Of Chicago 0.5 mi.
Rehabilitation Institute Of Chicago 0.62 mi.
Nearby Fire Stations
Name Distance
Leyden Fire Protection District 0.32 mi.
Franklin Park Fire Department 0.32 mi.
Franklin Grove Fire Protection District 0.32 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 760 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
545 N Dearborn has a 1 bedroom unit starting at $2,600.
Where is this property located?
This property is at 545 N Dearborn in Chicago, IL. It's 4.1 miles southeast from the center of Chicago.
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