Attention investors and owner-occupants-welcome to Dearborn Plaza at 545 N Dearborn St, Unit W1602. This spacious one-bedroom, one-bathroom condo features a private balcony and is move-in ready after an upgrade in May 2025. The unit includes brand new stainless steel kitchen appliances-refrigerator, stove, microwave-and a newer dishwasher. The modern, open-concept kitchen with white cabinetry offers ample storage and is perfect for entertaining. Enjoy in-unit laundry, an oversized bathroom with a soaking tub, and flooring throughout, including brand new flooring in the bedroom as of May 2025. The large bedroom that fits a king size bed includes a walk-in closet with built in shelving. Residents enjoy access to 50, 000 square feet of resort-style amenities, including a 24/7 door staff, dry cleaner, bike storage, outdoor pool and sundeck with grills, running track, dog run, sauna, fitness center, indoor basketball court, party room, game room, business center, and a library with coffee and computer access. Monthly assessments cover cable, internet, air conditioning, heat, gas, and water-leaving only electricity for the owner. Building reserves was over $2 millions as of December 2024, with no special assessments planned. Rentals are allowed with a minimum 30-day lease, no rental cap, and no Airbnb permitted. On-site parking is available for rent at $350/month through third-party management on the third floor (not owned by the association). The building is pet-friendly with a limit of two pets per unit, up to 25 lbs each. Experience the best of modern, convenient city living-schedule your private tour today.
Property Features
Bedrooms
- Bedrooms: 1
- Bedrooms Possible: 1
- Primary Bedroom Dimensions: 11 x 16
- Primary Bedroom Level: Main
Other Rooms
- Total Rooms: 4
- Balcony/Porch/Lanai
- Balcony/Porch/Lanai: 8 x 10
- Balcony/Porch/Lanai Level: Main
- Living Room Dimensions: 14 x 18
- Living Room Level: Main
- Exercise Room: Yes
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Walk-In Closet(s)
- Open Floorplan
- Dining Combo
- Doorman
- Health Facilities
- Lobby
- Flooring: Hardwood
Appliances
- Yes
- Laundry Features: Washer Hookup, In Unit
- Washer Dryer Hookup: Yes
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Natural Gas
Kitchen and Dining
- Dining Area Level: Main
- Kitchen Dimensions: 11 x 8
- Kitchen Level: Main
Exterior and Lot Features
Manufactured and Mobile Info
Garage and Parking
- Garage Spaces: 1
- Parking Features: On Site, Leased, Attached, Garage
- Parking Total: 1
Homeowners Association
- Association: Yes
- Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Sauna, Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub, Business Center, Laundry
- Association Fee: 740
- Association Fee Frequency: Monthly
- Association Fee Includes: Heat, Air Conditioning, Water, Gas, Insurance, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
- Calculated Total Monthly Association Fees: 740
- Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
- Cats Allowed: Yes
- Dogs Allowed: Yes
School Information
- Elementary School District: 299
- High School District: 299
- Middle or Junior School District: 299
Amenities and Community Features
Other Property Info
- Annual Tax Amount: 5618.24
- Source Listing Status: Active
- County: Cook
- Directions: ON DEARBORN BETWEEN GRAND AND OHIO
- Tax Year: 2023
- Ownership: Condo
- Source Property Type: Residential
- Property Subtype: condo
- Parcel Number: 17092410361076
- Township: North Chicago
- Management Company: Sudler Property Management
- Property Subtype: Attached Single
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 850
- Year Built: 2005
- Construction Materials: Concrete
- Entry Level: 16
- Property Age: 20
- Levels or Stories: 37
- Structure Type: Condo, High Rise (7+ Stories)
Utilities
- Electric: Circuit Breakers, Fuses
- Sewer: Public Sewer
- Water Source: Lake Michigan