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$4,895,000
1 Day On Site

1505-1507 N Dearborn Parkway
Chicago, IL 60610

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1888
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Compass
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(773) 998-2401
1505-1507 N Dearborn Parkway1505-1507 N Dearborn Parkway1505-1507 N Dearborn Parkway1505-1507 N Dearborn Parkway
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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.

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Listing Snapshot
Price 
$4,895,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1888
MLS® Number 
12557284
Status 
Active
Property Tax 
$125,366.4
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Additional Property Use 
Multi-Family
Number Of Stories 
3
Property Sub Type 
Multi Family
Zoning 
MULTI
Interior Features
Cooling 
Central AirWindow Unit(s)
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Community Features
MLS Area 
CHI - Near North Side
Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2026-01-31 07:18 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-01-31 07:18 PM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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