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$ 2,100,000
Est. payment /mo
New
642 N DEARBORN ST Chicago, IL 60654
6,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,100 sqft
Price per Sqft $344
MLS Listing ID 12788702
Year Built 1872
Annual Tax Amount $36,329
Tax Year 2025
Lot Dimensions 25 X 130
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Cook
Area Chi - Near North Side
Zoning MULTI
Interior
Cooling Central Air, Central Individual
Flooring Carpet, Vinyl, Other
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
Roof Type Reflective Coating,Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick,Stone
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Listed by Oltita Brennan of Jameson Sotheby's Intl Realty
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