new - 7 days on rocket

2545 S Dearborn St Unit 506, Chicago, IL, 60616

$315,000

Home List Price

$3,741*

Closing Credit

2 Bedrooms
2 Full Baths
1,185 SqFt
$266/SqFt
Condo

Location

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2545 S Dearborn St Unit 506, Chicago$315,000

Buyer Closing Credits

$3,741*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
HeatingNatural Gas, Forced Air
CoolingCentral Air
MLS #12205447
StatusActive

About 2545 S Dearborn St Unit 506

Experience the epitome of Chicago loft living in this expansive 2BR/2BTH condo located in the prestigious historic Opera Lofts, the former design workshop for the Chicago Lyric Opera. This exceptional residence offers an east-facing balcony with breathtaking views of downtown, 19-foot soaring ceilings, exposed brick, and a gas fireplace, creating an ambiance of grandeur and sophistication. The gourmet kitchen is equipped with high-end stainless steel appliances, granite countertops, 42" custom maple cabinetry, and hardwood floors throughout. Convenience is key with an in-unit washer/dryer all on one level. Indulge in the master bath featuring marble slab flooring, a spa-like separate tub and shower, and a double vanity. The second bathroom is adorned with travertine tile, offering a refined touch to the space. The Opera Lofts provides unmatched building amenities, including a state-of-the-art fitness center with sweeping skyline views, a spacious rooftop deck complete with dog run, and museum-style hallways that elegantly showcase historical artifacts from Chicago's Lyric Opera, blending timeless heritage with modern elegance. Located in the South Loop, this residence is just minutes from dining, entertainment, and cultural landmarks such as McCormick Place, US Cellular field and the lakefront. With easy access to the Loop, expressways, IIT campus, Chinatown, and shopping, this home represents the ultimate in refined urban living. Heated garage parking is available for an additional 25,000

Property Details

Property Features

Property Information:

  • Stories: 1
  • Living Area: 1,185 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (773) 466-7150
  • Listing Agent: Elias Masud

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: No
  • Interior: Vaulted/Cathedral Ceilings, Hardwood Floors, Laundry Hook-Up in Unit, Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Balcony, Deck, Storms/Screens

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: STATE TO 26TH ST, W TO DEARBORN-SALES CTR AT 2545

Price Information

Listing Price Info

Price Summary:

  • List Price: $315,000
  • Price Per SqFt: $266/SqFt

HOA Fees:

  • Amount: $397
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

2545 S Dearborn St Unit 506 vs Chicago

7 DAYS ON ROCKET

-25 Days

$315,000

-$45.3K Less

$266/SqFt

+$6 More

KEY TAKEAWAY

This property is $45.3K less than the Median Sold Price and $6/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12205447

Listing Office:

  • Office Name: Compass
  • Office Phone: (773) 466-7150
  • Listing Agent: Elias Masud

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 11:45:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-367385
5
/10

  • Univ of Chicago Charter-Donoghue

  • 707 E 37th St

  • 1.64 miles

  • Public Charter Grades PK-5

school-card-donut-367386
10
/10

  • Bronzeville Classical Elementary School

  • 8 W Root St

  • 1.82 miles

  • Public District Grades KG-4

school-card-donut-367387
4
/10

  • Cooper Elementary Academy

  • 1624 W 19th St

  • 2.15 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,095. Residents of Chicago, IL typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2545 S Dearborn St Unit 506

What is the listing price of this property?

The listing price of 2545 S Dearborn St Unit 506 property is $315,000.

What type of property is this?

The property 2545 S Dearborn St Unit 506 is a condo located in Chicago, Illinois, 60616.

Is this property for sale now?

Active Listing: 2545 S Dearborn St Unit 506 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 2545 S Dearborn St Unit 506 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2545 S Dearborn St Unit 506 is 1,185 SqFt (source: MLS/tax record).

Rocket Homes›Illinois›Cook County›Chicago›60616›2545 S Dearborn St Unit 506

This home is located at 2545 S Dearborn St Unit 506 in Chicago, IL and zip code 60616 in the Near South Side neighborhood. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $315,000.

While more than 539 listings in Chicago, IL in October 2024 were sold above asking price, there were more than 337 listings sold at asking price, and more than 919 were sold below. In October 2024 in Chicago, IL there were 14.5% more homes for sale than in September 2024. In October 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $360,336.

From Rocket Homes Real Estate and based on county public records data.

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