1505-1507 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
- Peking Chinese Restaurant 950 ft
- LG’s Bar 0.2 mi
- BATSU! 0.2 mi
- Burton Place 0.2 mi
- Woodie’s Flat 0.2 mi
- The VIG Chicago 0.2 mi
- Potash Market 500 ft
- Shell 0.2 mi
- BP Shop 0.2 mi
- Jewel-Osco 0.4 mi
- Green Apple Mini Mart 0.4 mi
- Sherry's Food Mart 0.4 mi
- Goudy Square Park 0.3 mi
- Mariano Park 0.5 mi
- Hudson Chess Park 0.6 mi
- Seward Park 0.7 mi
- Lakefront Park 0.7 mi
- Washington Square 0.7 mi
- PiniPico empeñadas 650 ft
- North and Clark Café 900 ft
- Kanela Breakfast Club 0.2 mi
- Philz Coffee 0.3 mi
- Starbucks 0.3 mi
- Cocoa + Co. 0.3 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12557284