1505-1507 North Dearborn, Chicago IL 60610
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.
Features & Information
Key Details
- List Price $4,895,000
- Property Taxes $125,366.40
- Price/ Sq. Ft. Unavailable
- Year Built 1888
- Status New
Building Information
- Age of Building Older
- Heating & Cooling Radiators
Location
- County Cook
- Directions to Property North Ave South On Dearborn
-
Property Taxes
- Tax 125366.4
- Parcel Identification Number 17042100130000
Listed by: Compass | Phone: 312.319.1168
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 1/31/2026 12:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Gold Coast
Undoubtedly one of Chicago’s most affluent neighborhoods, the Gold Coast is a mix of grand 19th century mansions, luxury high-rise condominiums and renovated gray and brownstone walkups. Here, old and new seamlessly blend together with the connecting thread of wealth and status. Shaded avenues, landscaped walkways and prim wrought-iron fences add to the neighborhood’s refined appeal. A stroll among the massive stone structures that once housed many of Chicago’s wealthiest and most influential families is breathtaking.
Sharing the block with lofty, contemporary condos are majestic, symmetrical Georgian Revival mansions and impressive, stone-turreted Richardsonian Romanesque townhouses that unquestionably suit the elite, but welcome the attention of any passerby. In fact, Gold Coast neighborhood architecture and history is celebrated by annual walking tours sponsored by various architectural foundations.
Mortgage Calculator
- List Price${ formatCurrency(listPrice) }
- Taxes${ formatCurrency(propertyTaxes) }
- Assessments${ formatCurrency(assessments) }
- List Price
- Taxes
- Assessments
Estimated Monthly Payment
${ formatCurrency(monthlyTotal) } / month
- Principal & Interest${ formatCurrency(monthlyPrincipal) }
- Taxes${ formatCurrency(monthlyTaxes) }
- Assessments${ formatCurrency(monthlyAssessments) }
All calculations are estimates for informational purposes only. Actual amounts may vary.
