Real Estate Agent Jim Blaser

Jim Blaser REALTOR®

(815) 621-2766
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1505-1507 N Dearborn Parkway, Chicago, IL 60610

$4,895,000
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  • 1505-1507 N Dearborn Parkway, Chicago, IL 60610 Main Photo

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Contingent
BEDS0 BATHS MLS#12557284
STATUSContingent PROPERTY TYPEMulti Unit - Multiple
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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. Multiple offers received - Highest and best offers are due by 2/7 and will be presented to sellers on 2/9

1505-1507 N Dearborn Parkway | MLS# 12557284

This multi-family property located at 1505-1507 N Dearborn Parkway, Chicago, IL 60610 is currently listed for sale with an asking price of $4,895,000. Search Chicago real estate on jim.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Lot Size: 25.1 X 132.4 X 41 X 132.4
Stories: 3.0
Year Built: 1888

Feature Descriptions

Current Use: Multi-Family
HVAC: Radiators
Lot Dimensions: 25.1 X 132.4 X 41 X 132.4
Parcel#: 17042100130000
Tenant Pays: Electricity
Units: 16

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 312-319-1168

Shown By

Agent Name: Jim Blaser
Agent Phone: (815) 621-2766
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 12,321.86 per month $10,894.15 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,427.71 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/09/2026. The listing information on this page last changed on 04/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/09/2026 1:04:12 AM EST) or MRED MLS (last updated Thu 04/09/2026 1:00:56 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 04/08/2026 10:16:05 PM EST) or Northern Illinois Commercial Association Realtors (last updated Wed 04/08/2026 2:10:06 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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