River North Mixed-Use Investment
642 North Dearborn Street, Chicago, IL 60654
Income-producing property with five units, billboard income, and shared patio.
Type:Mixed-Use
- Added:
- Mar 6, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 6 at 12:24 am
Property Features for 642 North Dearborn Street
General Information
- Standard status
- Active
- Property subtype
- Mixed-Use
Building Details
- Year Built
- 1871
Listing agent Adam Thomas (847) 219-6383
Listing office (847) 219-6383
Listing date Mar 6, 2026
Source Svn
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All listing content including descriptions, pricing, images are the copyrighted material of Adam Thomas
HighLights
- Income‑producing, mixed‑use investment with a projected NOI of $135,514.
- Highly desirable historical River North location, adjacent to Tao restaurant.
- Property features 5 units, billboard income, and a shared outdoor garden patio.
- Favorable DX‑5 zoning permits a variety of uses.
- Recent upgrades include a completely updated 3rd floor (2025) and an updated 4th floor (2021).
- Exceptional walkability and easy access to CTA Red, Brown, and Purple lines and 90/94 Expressway.
Overview
This income-producing, mixed-use investment property is located in the historical River North neighborhood. The property, adjacent to Tao restaurant, 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, featuring new flooring, a new kitchenette, new countertops, new appliances, new cabinetry, and a new bathroom. The 4th floor was updated in 2021, similar to the 3rd floor. The Coach House has brand new vinyl flooring, newly painted kitchen cabinets, newly painted walls, and newer appliances. The property offers exceptional walkability in the heart of River North, with 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 has a projected NOI of $135,514. River North is a dynamic commercial district with a mix of office, retail, hospitality, and residential uses. The neighborhood has evolved from a former industrial and warehouse hub into a thriving mixed-use environment.
Property Profile
Insight Report
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
- -87.6301
- Latitude
- 41.8937
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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 Street 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 investment with a projected NOI of $135,514.; Highly desirable historical River North location, adjacent to Tao restaurant.; Property features 5 units, billboard income, and a shared outdoor garden patio.
