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1505-1507 N Dearborn Parkway
Chicago IL 60610 US

$4,895,000

Active Listing ID 12557284
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15 bed
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17.00 Bath (17 Full)
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Other

$4,895,000

Active Listing ID 12557284
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1505-1507 N Dearborn Parkway 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. Multiple offers received - Highest and best offers are due by 2/7 and will be presented to sellers on 2/9

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 17
  • Cooling System: Window Unit(s), Central Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 4895000
  • unparsedaddress: 1505-1507 N Dearborn Parkway
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60610
  • bathroomsfull: 17
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.909748
  • longitude: -87.629852
  • listagentfullname: Jeffrey Lowe
  • listagentemail: jeff@lowegroupchicago.com
  • listagentkey: 3yd-MREDIL-128393
  • listagentmlsid: 128393
  • listagentofficephone: 3128833030
  • listofficekey: 3yd-MREDIL-87291
  • listofficemlsid: 87291
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1888
  • listingcontractdate: 2026-01-29
  • listagenturl: https://www.compass.com/
  • countyorparish: Cook
  • parcelnumber: 17042100130000
  • cooling: Window Unit(s), Central Air
  • numberofunitstotal: 16
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 17, Bathroom 8, Bedroom 10, Bedroom 7, Bedroom 12, Bathroom 16, Bathroom 10, Bathroom 11, Bedroom 8, Bathroom 1, Bathroom 15, Bathroom 6, Bathroom 7, Bathroom 13, Bathroom 2, Bedroom 15, Bedroom 2, Bedroom 14, Bathroom 14, Bathroom 3, Bathroom 9, Bathroom 12, Bedroom 13, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 9, Bedroom 3, Bedroom 11, Bedroom 1
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.62985, 41.909748
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jeff@lowegroupchicago.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"60657", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3033 N Clark St", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"2350 N. Lincoln Ave ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"87291", "ListOfficeCity":"Chicago", "ListOfficeCountry":"USA", "ListOfficeEmail":null, "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1505-1507-N-Dearborn-Pkwy_Chicago_IL_60610_M97556-88471?f=listhub&s=MREDIL&m=12557284&c=rexren", "MLSModificationTimestamp":"2026-02-04 06:06:17", "Neighborhoods":[{"Description":null, "Name":"CHI - Near North Side"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":125366, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/4/2026 6:07:09 AM GMT
Source Updated Date: 2/4/2026 6:48:34 PM GMT

Courtesy of: Jeffrey Lowe, Compass, jeff@lowegroupchicago.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.