431 S Dearborn Street # 1204
Chicago, IL, 60605 $ 384,900
Bedrooms3 Baths2.0 Sq 1,800 Monthly Estimate*
$ 2,430
for $384,900 with 3 bedrooms and 2 full baths. This 1,800 square foot condo was built in 1896.
Welcome to the iconic Manhattan Building, a designated Chicago Landmark, where timeless architectural character meets modern comfort. This expansive 3-bedroom, 2-bath residence offers exceptional space, abundant natural light, and the rare flexibility of a live/work designation. Designed with versatility in mind, the home can be easily converted into a 4-bedroom layout, creating an excellent opportunity for additional roommates or increased rental income. A welcoming foyer sets the tone with room for a bench and a generous double-wide coat closet. Beyond, the open living and dining area is filled with natural light from oversized north- and east-facing windows, while soaring 8'9" ceilings and a wood-burning fireplace create a warm, inviting atmosphere perfect for relaxing or entertaining. The updated kitchen features freshly painted cabinetry, granite countertops, stainless steel appliances, and a breakfast bar for casual dining or gathering with guests. A conveniently located closet houses a full-size washer and dryer. The spacious dining room offers outstanding flexibility and can remain an elegant entertaining space or be easily enclosed to create a fourth bedroom-an ideal option for maximizing rental potential or accommodating a growing household. The primary suite serves as a peaceful retreat with a wall of east-facing windows, new mirrored sliding closet doors, and a private ensuite bath. The second and third bedrooms are generously sized, each with ample room for a bed, desk, and sitting area, making them perfect for roommates, guests, or today's work-from-home lifestyle. Elegant French doors add architectural charm to one of the bedrooms, while the recently renovated second bath features a new shower, modern vanity, and updated tile flooring. A rare live/work designation offers unmatched flexibility for professionals, creatives, and entrepreneurs, while the option to convert the home into a four-bedroom residence makes this property equally appealing as a primary home or investment. Residents enjoy weekday door staff (9 a.m.-5 p.m.), on-site management, and the distinctive character of one of Chicago's most celebrated historic buildings. Perfectly situated in the heart of the city, you're just moments from the Loop, the lakefront, shopping, acclaimed restaurants, nightlife, and public transportation. Located within the sought-after South Loop School boundaries and offering convenient access to major expressways, this home combines historic elegance, modern updates, and exceptional versatility in one remarkable residence. Whether you're looking for a spacious city home or an investment with strong income potential, this adaptable residence at the Manhattan Building offers the best of both worlds.
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FeaturesGeneralLiving Area 1800
Sewer Public Sewer
Heating Electric Forced Air
Cooling Central Air
Possession Closing
Appliances Range Microwave Dishwasher Refrigerator
HOA Fee 1395
Garage Spaces 1
Association Fee Includes Water Insurance Doorman Exterior Maintenance Scavenger Snow Removal
Construction Materials Brick Marble/Granite
Pets Allowed Cats OK
Year Built 1896
Township South Chicago
Unit Number 1204
Tax Year 2023
Ownership Condo
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Bike Room/Bike Trails Elevator in Residence Storage On Site Manager/Engineer Receiving Room
Total Rooms 6
Full Baths 2
Status New
Directions Just north of the intersection of Congress (Ida B Wells ) and Dearborn.
High School Phillips Academy High School
City Chicago
High School District 299
MLS Area CHI - Loop
Elementary School South Loop Elementary School
Tax Annual Amount 7799.29
Middle/Junior High School South Loop Elementary School
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo
Leasehold Rent $/Mo 245
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InteriorInterior Amenities Storage Built-in Features Walk-In Closet(s) High Ceilings
Basement None
Flooring Hardwood
Total Fireplaces 1
Total Stories 16
Half Baths 0
Laundry Features Main Level Washer Hookup In Unit Laundry Closet
Total Bedrooms 3
Room Type Walk In Closet Foyer
Total Baths 2
Bedrooms Possible 3
Total Number of Units 105
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ExteriorParking Features Off Site Leased Detached Garage
Water Source Lake Michigan
Total Parking 1
Lot Dimensions CONDO
Waterfront Y/N N
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* Excluded FeaturesList Bychris@thenavagency.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,430
- Monthly Property Taxes
- $650
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $634,777
Percent of Sale Price 65%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
567169 Elementary School
567169 Middle School
Phillips Academy High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/14/2026 | $384,900 | | Listed Price |