Chicago, IL 60610,1505-1507 N Dearborn Pkwy
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Chicago, IL 60610,1505-1507 N Dearborn Pkwy
Chicago, IL 60610,1505-1507 N Dearborn Pkwy
Chicago, IL 60610,1505-1507 N Dearborn Pkwy
Chicago, IL 60610,1505-1507 N Dearborn Pkwy
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Kevin Wagan

Kevin Wagan

+1(630) 518-5042
$ 4,895,000
Est. payment /mo
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1505-1507 N Dearborn Pkwy Chicago, IL 60610

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12557284

Maintenance Fees $3,750

Year Built 1888

Annual Tax Amount $125,366

Tax Year 2024

Lot Dimensions 25.1 X 132.4 X 41 X 132.4

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Cook

Area Chi - Near North Side

Zoning MULTI

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jeffrey Lowe of  Compass 
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    STEM Magnet Academy Elementary School

    Public | KG - 5

  • 10

    Skinner Elementary School

    Public | PK - 5

  • 10

    Hawthorne Elementary Scholastic Academy

    Public | KG - 8

  • 10

    Skinner North Elementary School

    Public | KG - 6

  • 10

    Lincoln Elementary School

    Public | KG - 8

  • 9

    Burley Elementary School

    Public | KG - 8

  • 9

    Prescott Elementary School

    Public | PK - 8

  • 9

    Jackson a Elementary Language Academy

    Public | KG - 8

  • 9

    Galileo Elementary Math & Science Schol Acd

    Public | KG - 8

  • 9

    Alcott Elementary School

    Public | KG - 8

  • 8

    Lasalle II Lang Academy Elementary School

    Public | PK - 8

  • 8

    Burr Elementary School

    Public | PK - 8

  • 8

    Mayer Elementary School

    Public | PK - 8

  • 8

    Greeley Elementary School

    Public | PK - 8

  • 8

    Lasalle Elementary Language Academy

    Public | KG - 8

  • 7

    Blaine Elementary School

    Public | PK - 8

  • 7

    Nettelhorst Elementary School

    Public | PK - 8

  • 7

    Ogden Elementary School

    Public | KG - 8

  • 7

    South Loop Elementary School

    Public | PK - 8

  • 6

    Hamilton Elementary School

    Public | PK - 8

Middle Schools 3
  • 10

    Young Magnet High School

    Public | 7 - 12

  • 7

    Ogden Intermediate High School

    Public | 6 - 12

  • 7

    Noble Street Charter Schools

    Public | 6 - 12

High Schools 14
  • 10

    Payton College Preparatory High School

    Public | 9 - 12

  • 9

    Lincoln Park High School

    Public | 9 - 12

  • 9

    Jones College Preparatory High School

    Public | 9 - 12

  • 6

    Intrinsic Charter High School

    Public | 9 - 9

  • 4

    Wells Community Academy High School

    Public | 9 - 12

  • 1

    Legal Preparatory Academy Charter High School

    Public | 9 - 10

  • 0

    Simpson Academy High School for Young Women

    Public | 9 - 12

  • 0

    Holy Trinity High School

    Private | 9 - 12

  • 0

    Prologue Early College High School

    Public | 9 - 12

  • 0

    Prologue Early College

    Private | 9 - 12

  • 0

    St Ignatius College Preparatory

    Private | 9 - 12

  • 0

    The Chicago Academy for the Arts

    Private | 9 - 12

  • 0

    Lake View Academy

    Private | 10 - 12

  • 0

    Cornerstone Academy

    Private | 9 - 12

School and business data provided by Attom Data.
Kevin Wagan

Kevin Wagan

Agent

+1(630) 518-5042

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1505-1507 N Dearborn Pkwy