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Updated Condo with City Views

200 N Dearborn Street #1007 Chicago, IL 60601

200 N Dearborn Street #1007, Chicago, IL, 60601
$321,000
For Sale
Claim this Listing
$321,000

Updated 2 bed, 1 bath condo in downtown Chicago.

Property Size1,060 SF
Price / SF$302.83
AddedJul 17, 2025
Days on Market364
Last RefreshMay 19 at 10:16 pm

Property Features for 200 N Dearborn Street #1007

General Information

Standard status
Active
Size
1,060 SF
Property subtype
Condominium

Building Details

Year Built
1989

Listing office Berkshire Hathaway HomeServices Chicago

Listing date Jul 17, 2025

Source Kw

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Chicago


Investment Insights

Based on property information with market context.

This updated 2-bedroom, 1-bath condo offers 1,060 square feet of living space and includes parking. The open-concept layout features a spacious kitchen equipped with stainless steel appliances and granite countertops, along with a breakfast bar that seamlessly connects to the dining and living areas. Updated hardwood floors extend throughout the unit, complemented by modern sputnik light fixtures. The condo includes spacious bedrooms, generous closet space, and a private balcony providing sweeping city views. A rare feature is the in-unit laundry, supplemented by a building laundry room. Residents benefit from full-service amenities, including a 24-hour fitness center, an indoor pool, a sundeck with grilling stations, a bike room, and storage. The location is steps from the new Google HQ, Chicago Riverwalk, Millennium Park, Grant Park, the Art Institute, and the vibrant Theatre District. A 7-Eleven is connected to the building, and an Amazon drop box is onsite. Every CTA line is just outside the door. There are no restrictions on pets or rentals.

Key Highlights

  • Prime location: Steps from Google HQ, Chicago Riverwalk, Millennium Park, Grant Park, and the Art Institute.
  • Full‑amenity building: Enjoy a 24‑hour fitness center, indoor pool, sundeck with grilling stations, bike room, and storage.
  • Parking included: One garage parking spot included in the price.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $31.2k $29.40
− Vacancy −$1.6k −$1.53
EGI $29.5k $27.87
− OpEx −$13.3k −$12.54
NOI $16.2k $15.33
1,060 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$232.1K
$203.1K – $270.8K (±1% cap)
NOI $16,249 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.8K
$437.3K – $583.1K (±1% cap)
NOI $34,985 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

7-Eleven Grocery & Convenience Store Turano & Associates Law Firm Voice of the Retarded Inc Social Service Agency 200 North Dearborn ... Condominium Complex Western Union Bank

Suggested Use

(Bike/Boat/Book/etc) Store Butcher Buffet Pet Grooming Service Adult Day Care Clothing & Fashion Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Restaurant Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Updated 2 bed, 1 bath condo in downtown Chicago.
Where is this apartment building located?
The property is located at 200 N Dearborn Street #1007 Chicago, IL.
What is the asking price?
The asking price for this property is $321,000.
What are key features of this property?
This property features: Prime location: Steps from Google HQ, Chicago Riverwalk, Millennium Park, Grant Park, and the Art Institute.; Full‑amenity building: Enjoy a 24‑hour fitness center, indoor pool, sundeck with grilling stations, bike room, and storage.; Parking included: One garage parking spot included in the price.
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