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642 N Dearborn St
Chicago, IL 60654 River North

$2,050,000 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 1880
  • Zoning DX-5
100 Transit Score
100 Walk Score

Highlights

Highly desirable historical River North property adjacent to Tao. | Income producing, mixed-use opportunity with projected $148,318 NOI
Property consists of a total of 5-units, billboard income and a shared outdoor garden patio.
YTD total performance for STR (March, April, May, June) is significantly higher than the stated income, averaging $9,704 per month.
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.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Millennium Station (Metra Electric - Metra) 3 min 18 min 1.0 mi
Chicago Otc (Union Pacific North - Metra, Union Pacific Northwest - Metra, Union Pacific West - Metra) 5 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Grand Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 4 min 0.2 mi
Chicago Avenue Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 5 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")) 1 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 10 min 0.6 mi
AirportDriveWalkDistance
Chicago Midway International 21 min - 12.1 mi
Chicago O'Hare International 27 min - 17.3 mi
Adam Thomas 847-219-6383 SVN | Chicago Commercial
Adam Thomas 847-219-6383 SVN | Chicago Commercial