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Updated 18 hours ago

545 N Dearborn

VERIFIED

Chicago, IL

1 Bed
1 Bath

850 Sq. Ft.

Available Now
1 Bed • 1 Bath
$2,600
850 ft2
1 Available
-
$2,600
Available Now
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Amenities
In-unit Laundry
Pool
Cable Included
Internet Included
Hardwood Floors
Water Included
Dishwasher
Central A / C
Elevator
Fees & leasing info
Parking
Garage - Attached
Property details
Description

Available NOW. This spacious one-bedroom, one-bathroom unit features a private balcony and is move-in ready. The unit includes brand new stainless steel kitchen appliances—refrigerator, stove, microwave—and a newer dishwasher. The modern, open-concept kitchen with white cabinetry offers ample storage and is perfect for entertaining. Enjoy in-unit laundry, an oversized bathroom with a soaking tub, and flooring throughout, including brand new flooring in the bedroom as of May 2025. The large bedroom that fits a king size bed includes a walk-in closet with built-in shelving. Residents enjoy access to 50,000 square feet of resort-style amenities, including a 24/7 door staff, dry cleaner, bike storage, outdoor pool and sundeck with grills, running track, dog run, sauna, fitness center, indoor basketball court, party room, game room, business center, and a library with coffee and computer access. Monthly rent covers cable/ 1 GIG High-Speed Internet Service by Astound, air conditioning, heat, gas, and water—leaving only electricity for the tenant. On-site parking is available for rent at $323.50/month through third-party management on the third floor. The lease requires a $500 move fee (both in AND out) to the building, $150 refundable deposit to the building, a one-month refundable security deposit payable to the owner, and a $75 application fee per applicant over 18+ years old. To qualify, applicants must have a combined gross monthly income of at least three times the rent, a minimum credit score of 700, and no history of evictions or bankruptcies. Please note that pets are not allowed. Owner is looking to end the lease on April 30th, 2026 or April 30th, 2027.

Additional Details
Contact Name: Chih-Hao Yang
Total Unit Count: 1
Last Updated: Updated 18 hours ago
Contact Number: (217) 819-8009
Property manager information
Fulton Grace Realty
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Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Radiate Holdings, LP 1000.0 20.0
Radiate Holdings, LP 500.0 20.0
Access Media Holdings, LLC 200.0 10.0
ViaSat, Inc. 35.0 3.0
Radiate Holdings, LP 25.0 4.0
Data from June 2020 provided by the FCC
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Neighborhood
River North
Experience the Magnificent Mile & Michigan Avenue in Chicago’s River North

Chicago was incorporated in 1837 on waterways--for trading--and was re-built in 1871 after the Chicago Fire. The area known today as River North contained warehouses, shipping facilities, railroad tracks, worker’s housing, factories and forges. Because of the number of factories--and the smoke they produced--the area was referred to as Smokey Hollow. When the port was closed the area fell into disrepair as the warehouses and factories vacated and residents moved to the suburbs. From the 1920s through the 1960s it was almost deserted and became known as a red-light district. As artists began to reclaim the large vacated buildings for relatively little money, they turned the old warehouses and factories into galleries, studios, offices and apartments. Real estate developer Albert Friedman coined the name River North to help the area lose its reputation as a derelict district.

River North now has the largest concentration of art galleries outside of Manhattan and a revitalized entertainment industry. It is also home to international corporations such as ConAgra, Groupon and Motorola. The eastern border is Michigan Avenue; the northern edge is Chicago Avenue and the Chicago River is on the south and west perimeters.
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 545 N Dearborn by bedroom type below.
1 Bedroom
Suggested income:
$93,600
per year
Rent report

545 N Dearborn Rent vs. Chicago Average

 545 N Dearborn      Chicago Average
1BR
$2,600
$2,033
$0
$850
$1,700
$2,550
$3,400

545 N Dearborn is asking 28% more than the average 1 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 2 bedroom apartment, you would pay 20% more per month.

If you downsized to an average priced Chicago studio apartment, you would pay 27% less per month.

545 N Dearborn provides 23% more square footage than the average Chicago 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
545 N Dearborn
1BR $2,600 $3.10 $7,800
Chicago Average
Studio $1,597 $3.40 $4,792
1BR $2,033 $2.90 $6,100
2BR $2,531 $2.60 $7,593
3BR $3,026 $2.30 $9,078
4BR $3,244 $2.10 $9,732

Availability in Chicago

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 4,275 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
22% 36% 30% 9% 2%
Available Units in Chicago
Studio 2,632
1BR 4,275
2BR 3,523
3BR 1,108
4BR 288
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Harold Washington Library Center 1.2 mi 25 min 8 min 2 min
Columbia College Library 1.5 mi 29 min 10 min 2 min
Fitness Center 1.5 mi 32 min 9 min 3 min
(Future) Student Center 1.6 mi 31 min 10 min 3 min
Nearby Hospitals
Name Distance
Northwestern Memorial Hospital 0.47 mi.
Ann & Robert H Lurie Children's Hospital Of Chicago 0.5 mi.
Rehabilitation Institute Of Chicago 0.62 mi.
Nearby Fire Stations
Name Distance
Leyden Fire Protection District 0.32 mi.
Franklin Park Fire Department 0.32 mi.
Franklin Grove Fire Protection District 0.32 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 850 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
545 N Dearborn has a 1 bedroom unit starting at $2,600.
Where is this property located?
This property is at 545 N Dearborn in Chicago, IL. It's 4.1 miles southeast from the center of Chicago.
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