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642 N Dearborn St
Chicago, IL 60654 River North

$2,150,000 USD

Apartments For Sale  •  6,353 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,100 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1871
  • Tenancy Multiple
  • Zoning DX-5
100 Transit Score
99 Walk Score

Highlights

Highly desirable historical River North property adjacent to highly acclaimed Tao. | Income-producing, mixed-use investment opportunity.
Property consists of a total of 5-units, billboard income and a shared outdoor garden patio.
Favorable remaining lease terms and the opportunity for short-term rental management for additional income.
Recent upgrades include newer water heaters, completely updated 3rd fl, including new flooring, new kitchenette, new countertops, new appliances, etc.
Exceptional walkability in the heart of River North, with immediate access to everyday conveniences and high-end lifestyle amenities.
Easy access to major transport, including the CTA Red, Brown, and Purple lines and 90/94 Expressway via Ontario and Ohio Streets.

Public Transportation

Commuter RailDriveWalkDistance
Chicago Millennium Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 4 min 19 min 1.0 mi
Chicago Ogilvie Transportation Center (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.6 mi
Transit/SubwayDriveWalkDistance
Grand Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 4 min 0.2 mi
Chicago Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 6 min 0.3 mi
Chicago Avenue Station (Brown, Purple Lines) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 8 min 0.4 mi
Merchandise Mart Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 11 min 0.6 mi
Clark/Lake Station (Downtown Loop) (Blue Line - Chicago Transit Authority "L" Trains (The "L"), Brown Line - Chicago Transit Authority "L" Trains (The "L"), Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 12 min 0.6 mi
AirportDriveWalkDistance
Chicago Midway International 25 min - 12.2 mi
Chicago O'Hare International 52 min - 20.6 mi
Adam Thomas 847-219-6383 SVN | Chicago Commercial
Adam Thomas 847-219-6383 SVN | Chicago Commercial