431 South Dearborn #1204, Chicago IL 60605
$384,900

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Property Description

Welcome to the iconic Manhattan Building, a designated Chicago Landmark, where timeless architectural character meets modern comfort. This expansive 3-bedroom, 2-bath residence offers exceptional space, abundant natural light, and the rare flexibility of a live/work designation. Designed with versatility in mind, the home can be easily converted into a 4-bedroom layout, creating an excellent opportunity for additional roommates or increased rental income. A welcoming foyer sets the tone with room for a bench and a generous double-wide coat closet. Beyond, the open living and dining area is filled with natural light from oversized north- and east-facing windows, while soaring 8'9" ceilings and a wood-burning fireplace create a warm, inviting atmosphere perfect for relaxing or entertaining. The updated kitchen features freshly painted cabinetry, granite countertops, stainless steel appliances, and a breakfast bar for casual dining or gathering with guests. A conveniently located closet houses a full-size washer and dryer. The spacious dining room offers outstanding flexibility and can remain an elegant entertaining space or be easily enclosed to create a fourth bedroom-an ideal option for maximizing rental potential or accommodating a growing household. The primary suite serves as a peaceful retreat with a wall of east-facing windows, new mirrored sliding closet doors, and a private ensuite bath. The second and third bedrooms are generously sized, each with ample room for a bed, desk, and sitting area, making them perfect for roommates, guests, or today's work-from-home lifestyle. Elegant French doors add architectural charm to one of the bedrooms, while the recently renovated second bath features a new shower, modern vanity, and updated tile flooring. A rare live/work designation offers unmatched flexibility for professionals, creatives, and entrepreneurs, while the option to convert the home into a four-bedroom residence makes this property equally appealing as a primary home or investment. Residents enjoy weekday door staff (9 a.m.-5 p.m.), on-site management, and the distinctive character of one of Chicago's most celebrated historic buildings. Perfectly situated in the heart of the city, you're just moments from the Loop, the lakefront, shopping, acclaimed restaurants, nightlife, and public transportation. Located within the sought-after South Loop School boundaries and offering convenient access to major expressways, this home combines historic elegance, modern updates, and exceptional versatility in one remarkable residence. Whether you're looking for a spacious city home or an investment with strong income potential, this adaptable residence at the Manhattan Building offers the best of both worlds.

Features & Information

Key Details

  • List Price $384,900
  • Property Taxes 7799.29
  • Unit Floor Level 12
  • Square Feet 1800
  • Price/ Sq. Ft. $213.83
  • Year Built 1896
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 6
  • Master Bedroom

  • Master Bath F
  • Room Size 18X14
  • Bedroom 2

  • Room Size 11X15
  • Floor Level Main Level
  • Flooring Carpet
  • Bedroom 3

  • Room Size 15X13
  • Floor Level Main Level
  • Flooring Hardwood
  • Living Room

  • Room Size 22X23
  • Floor Level Main Level
  • Flooring Hardwood
  • Dining Room

  • Room Size 17X12
  • Floor Level Main Level
  • Flooring Hardwood
  • Kitchen

  • Room Size 14X11
  • Kitchen Type Eating Area-Breakfast Bar
  • Floor Level Main Level
  • Flooring Other

Additional Rooms

  • Additional Room 1

  • Additional Room 1 Name Walk in Closet
  • Additional Room Size 10X5
  • Additional Room Level Main Level
  • Additional Room 2

  • Additional Room 2 Name Foyer
  • Additional Room Size 6X8
  • Additional Room Level Main Level
  • Additional Room Flooring Hardwood

Interior Features

  • Appliances

  • Appliances Included Oven/Range, Microwave, Dishwasher, Refrigerator
  • Heating & Cooling

  • Heating Type Electric, Forced Air
  • Fireplace

  • # of Fireplaces 1

Exterior Features

  • Parking

  • Parking Garage
  • # of Cars 1

Building Information

  • Number of Units 105
  • Age of Building 100+ Years
  • Exterior Construction Brick,Marble/Granite
  • Common Area Amenities Bike Room/Bike Trails, Elevator, Storage, On Site Manager/Engineer, Receiving Room
  • Exposure E (East)
  • Pets

  • Pets Allowed? Y
  • Pet Types Cats OK

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property Just North Of The Intersection Of Congress (ida B Wells ) And Dearborn.
  • Schools

  • Elementary School District 299
  • School Name South Loop Elementary Sch
  • Junior High District 299
  • School Name South Loop Elementary Sch
  • High School District 299
  • School Name Phillips Academy High Sch
  • Property Taxes

  • Tax 7799.29
  • Tax Year 2023
  • Tax Exemptions Homeowner
  • Parcel Identification Number 17162460181089

Utilities

  • Sewer Sewer-Publ

Listed by: THE NAV AGENCY | Phone: 650.740.9437
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/28/2026 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 The Loop

As Chicago's hub for finance, transportation, government, retail, tourism and culture, the Loop is the city center and the point from which all other destinations in Chicago are measured. The city's most recognizable landmark (the Sears Tower) is located in this section of town, as is the Art Institute of Chicago and the Chicago Board of Trade. Despite its density and towering skyscrapers, Loop residents have plenty of open air and outdoor space at Millennium Park. Occupying a nearly 25-acre plot of land, the park is a great spot to stroll through gardens, have a picnic on the grass, see live concerts and enjoy a breathtaking view of the city skyline. Heading back into the midst of high-rises and busy avenues, the Loop boasts the best theater district and the second best shopping scene (it's hard to beat the Magnificent Mile) in Chicago. The dining options are nothing to scoff at either with coffee shops and delis on almost every corner and an impressive roster of acclaimed restaurants to its name. The Loop is where the energy of downtown excitement merges with the spirit of urban living. Not just a commuter spot for Chicago workers anymore, the Loop is a bona fide residential neighborhood with thousands of condos and lofts mixed in among the office buildings and hotels.

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