642 N Dearborn Street Chicago, IL 60654

Building Details

Year Built

1890

Listing agency SPERRY VAN NESS s***@svn.com Show Phone

Listed by SCOTT MAESEL · License #BK3436826

Source Corcoran

Added: Dec 8, 2025 Updated: Jul 6 at 10:01AM Checked: Jul 22 at 7:55AM

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Investment Insights

Based on property information with market context.

This income-producing, mixed-use investment opportunity is located in the historical 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 favorable DX-5 zoning permitting a variety of uses. There is an opportunity for short-term rental management for additional income. Recent upgrades include a completely updated 3rd floor completed in 2025 and an updated 4th floor completed in 2021. The property is adjacent to the Tao restaurant, offering exceptional walkability, immediate access to amenities, and easy access to major transport options, including the CTA Red, Brown, and Purple lines and 90/94 Expressway. The projected NOI is $135,514.

Key Highlights

• High income potential with a projected NOI of $135,514.
• Prime location in the heart of River North, offering exceptional walkability and access to amenities.
• Mixed‑use property with five units and billboard income.

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FAQs

What type of property is this?

Mixed-use property - Income-producing property in River North with development potential.

Where is this mixed-use property located?

The property is located at 642 N Dearborn Street Chicago, IL.

What is the asking price?

The asking price for this property is $2,050,000.

What are key features of this property?

This property features: High income potential with a projected NOI of $135,514.; Prime location in the heart of River North, offering exceptional walkability and access to amenities.; Mixed‑use property with five units and billboard income.