642 North Dearborn St Chicago, IL 60654
Income-producing property with five units, billboard income, and shared patio.
Building Details
- Year built
- 1871
Source:
Svnchicago
Listing Agent: Logan Parsons
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
River North Mixed-Use Investment Opportunity
This income-producing, mixed-use investment property is located in the River North neighborhood. The property consists of five units, billboard income, and a shared outdoor garden patio. It benefits from favorable remaining lease terms and the opportunity for short-term rental management for additional income. The property has favorable DX-5 zoning permitting a variety of uses. Recent upgrades include a completely updated 3rd floor completed in 2025 with new flooring, kitchenette, countertops, appliances, cabinetry, and bathroom. The 4th floor was updated in 2021, similar to the 3rd floor. The coach house features new vinyl flooring, newly painted kitchen cabinets, newly painted walls, and newer appliances. The property offers exceptional walkability and immediate access to amenities. It also provides easy access to major transport options, including the CTA Red, Brown, and Purple lines and 90/94 Expressway via Ontario and Ohio Streets. The property is adjacent to the Tao restaurant. The projected NOI is $135,514.
Location Intelligence
Current Use by Public Records
Psychic of Rivernorth
Spiritual Center
Napleton Law, Ltd.
Law Firm
Richele Brainin - State ...
Insurance Agency
Via Isabella Importers
Big Box & Wholesale Store
Spiritual Psychic Medium ...
Spiritual Center
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6300754
- Latitude
- 41.8937429
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Income-producing property with five units, billboard income, and shared patio.
Where is this mixed-use property located?
The property is located at 642 North Dearborn St Chicago, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: - Income-producing mixed-use property with a projected NOI of $135,514.; - Highly desirable historical River North location, adjacent to Tao restaurant.; - Opportunity for additional income through short-term rental management.
