Updated Condo with City
For Sale
$321,000
200 N Dearborn Street #1007, Chicago, IL 60601
Updated 2 bed, 1 bath condo in downtown Chicago.
Property Size1,060 SF
Price / SF$302.83
Days on Market448
Property Features for 200 N Dearborn Street #1007
General Information
Standard status
Active
Size
1,060 SF
Property subtype
Condominium
Amenities
Forced Air
Central Air
Range
Dishwasher
Refrigerator
Washer
Dryer
Stainless Steel Appliance(s)
Electric Cooktop
Electric Oven
Deck
Building Details
Building Size
1,060 SF
Year Built
1989
Listing Agency:
Berkshire Hathaway HomeServices Chicago
Listed By:
Danielle Dowell · License #475125415
(312) 642-1400
Source:
Kw
Added: Jul 17, 2025
Changed: Oct 5
Last Checked: Oct 5 at 4:15PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,249
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,980
$325.0K
Cap Rate 7%
$232,129
$232.1K
Cap Rate 9%
$180,544
$180.5K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$31.2K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.5K $27.87/SF
− OpEx
−$13.3K −$12.54/SF
NOI
$16.2K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,980
Cap Rate 7%
$232,129
Cap Rate 9%
$180,544
Alternative Uses
Best Use
Apartment 5plus
$232.1K
$203.1K – $270.8K
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
NOI $34,985 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
44,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 60601, IL
15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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.
