642 N DEARBORN Street Chicago, IL $ 2,100,000
642 N DEARBORN Street
$ 2,100,000
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642 N DEARBORN Street

Chicago, IL, 60654
$ 2,100,000
Bedrooms-- Baths-- Sq 6,100
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Property for Rent in Chicago, IL

for $2,100,000. This 6,100 square foot property was built in 1872 on a lot size of 0.060009.

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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Rental Active

Price

$ 2,100,000

Taxes

$ 36,329

Style

Lot Size

0.060009

Year Built

1872

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12788702

Features
General
Cooling Central Air Central Individual
Utilities Electric to Site Natural Gas Available
Possession Closing Negotiable
Roof Reflective Coating Rubber
Zoning MULTI
Construction Materials Brick Stone
Year Built 1872
Electric Circuit Breakers Separate Meters Service - 201 to 600 Amps
Tenant Pays Common Area Maintenance Electricity Insurance Repairs
Stories Count 4
Township North Chicago
Property Subtype Mixed Use
Tax Year 2025
Gross Income 16483
County Cook
Net Operating Income 148318
Operating Expense 49483
Insurance Expense 2056
Property Type Commercial Sale Mixed Use
Status New
Directions Ontario east to Dearborn North
City Chicago
Number Of Units Total 5
MLS Area CHI - Near North Side
Lot Size Square Feet 2614
Tax Annual Amount 36329.74
Electric Expense 330
Fuel Expense 1080
Trash Expense 2880
Water Sewer Expense 1200
Additional Parcels Y/N N
Lease Type Net
Standard Status Active
Cap Rate 7.06
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Interior
Flooring Carpet Vinyl Other
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Exterior
Foundation Details Stone
Building Area Total 6100
Lot Dimensions 25 X 130
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* Excluded Features
List By
Jameson Sotheby's Intl Realty

Broker

omotofelea@jamesonsir.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/26/2026$2,100,000 Listed Price

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642 N DEARBORN Street, Chicago, IL, 60654 is a Property for Rent at $2,100,000 with 6,100 sqft and a lot size of 0.060009. 642 N DEARBORN Street was built in 1872. The property's zip code is 60654 which is in Chicago, IL