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642 N Dearborn Street Chicago, IL 60654

$2,100,000
New / MLS# 12788702 / Commercial - Business / Chicago
0 Beds
6100 SqFt

Rare opportunity to own a distinctive historic mixed-use property in the heart of Chicago's vibrant River North neighborhood. Offering approximately 6,100 square feet and DX-5 zoning (Downtown Mixed-Use District), this unique property blends classic architectural charm with modern updates and exceptional investment potential. Previously configured as five units, the property features a versatile combination of commercial and residential spaces, including upper-level accommodations currently utilized for short-term rentals, a separate coach house, and a private courtyard. Significant recent improvements include a completely renovated third floor (2025), featuring new flooring, kitchenette, countertops, appliances, cabinetry, and bathroom. The fourth floor underwent similar renovations in 2021. The coach house has also been refreshed with new vinyl flooring, freshly painted kitchen cabinets, and newer appliances. Additional upgrades include newer water heaters. Multiple potential income streams, flexible use options, and potential rooftop advertising revenue add to the property's appeal, subject to applicable approvals. Ideally located near River North's renowned restaurants, shopping, galleries, nightlife, and downtown attractions. An exceptional opportunity for investors, entrepreneurs, or owner-users seeking a unique property with character, versatility, and long-term potential.

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Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email

Property Details

Property Type: Commercial - Business
Cooling: Central Air, Central Individual
Lot Size: 0.06 Acres
Roof Type: Reflective Coating, Rubber
Stories: 4.0
Taxes: $36,329
Year Built: 1872

Feature Descriptions

Electric: Circuit Breakers, Separate Meters, Service - 201 to 600 Amps
Exterior: Brick, Stone
Fire Protection: Other
Flooring: Carpet, Vinyl, Other
Foundation: Stone
HVAC: Forced Air, Gas
Location: Central Business District, Mixed Use Area, Public Transport Avail
Lot Dimensions: 25 X 130
Number of Tenant(s): 5
Parcel#: 17092260070000
Tenant Pays: Common Area Maintenance, Electricity, Insurance, Repairs
Units: 5
Utilities: Electric to Site, Natural Gas Available

Location

See details and scored characteristics about this location.

Listing Office: Jameson Sotheby's Intl Realty

Listing Office Phone: 312-751-0300



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