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The Caravel

The Caravel

The Caravel
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

635 N Dearborn St
Chicago, IL 60654
128 Units
29 Stories
2003 Year Built
$31K - $956K Value Range

Available Units

For Sale
No Units Available
For Rent

Highlights

  • Doorman
  • Laundry Service
  • Fitness Center
  • Elevator
  • Guest Suites
  • Party Room

Modern Living in the Heart of River North

The Caravel, designed by Loewenberg Architects, is a 29-story condominium building completed in 2003. Located at 635 North Dearborn Street, this high-rise offers 128 units in the vibrant River North neighborhood of Chicago. The building provides a contemporary urban living experience with a range of amenities and services that cater to the needs of its residents.

Spacious Units with Modern Finishes and Stunning Views

The Caravel offers a variety of floor plans, including 2-bedroom and 3-bedroom layouts. The 2-bedroom units range from 991 to 2,200 square feet and feature 2 bathrooms, with sale prices from $380,000 to $483,750. These units often include hardwood floors, stainless steel appliances, and granite countertops. Many units also have floor-to-ceiling windows that provide breathtaking views of the city skyline. The 3-bedroom units range from 1,600 to 2,600 square feet and include 2 to 2 full and 2 half bathrooms, with sale prices from $580,000 to $849,900. These larger units often feature additional amenities such as private terraces, balconies, and luxurious primary suites with walk-in closets and spa-like bathrooms. The open-concept living and dining areas are perfect for entertaining, and the modern kitchens are equipped with high-end appliances and elegant finishes. Monthly HOA fees range from $700 to $1,500 and cover a variety of services, including heat, air conditioning, water, gas, parking, insurance, doorman, TV/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, and internet.

Comprehensive Amenities and Services for Comfortable Living

The Caravel offers a range of amenities and services designed to enhance the living experience of its residents. The building features a newly renovated fitness center, a guest suite for visitors, a bike room, and a storage room. Residents can also enjoy the convenience of 24-hour door staff, secure parking in the garage, and additional storage lockers. The building is pet-friendly, with a weight limit of 25 lbs and a maximum of 2 pets per unit. On-site management and an engineer team ensure that the building is well-maintained and that residents' needs are promptly addressed. The Caravel also offers a party room and a community room for social gatherings and events.

Vibrant River North Neighborhood with Endless Attractions

The Caravel is located in the bustling River North neighborhood, known for its cosmopolitan flair and vibrant atmosphere. Residents can easily walk to a variety of dining spots, bars, and cafes, including popular destinations like Bavette's, Eataly, and True Food Kitchen. The neighborhood is also home to numerous late-night venues, making it an ideal location for those who enjoy an active nightlife. For grocery shopping, residents have convenient access to Whole Foods, Trader Joe's, and Jewel Osco, all within walking distance. The area is also known for its upscale shopping options, with Michigan Avenue and the Mag Mile offering a wide range of designer stores and boutiques. River North is not just about urban living; it also offers several parks and outdoor spaces for relaxation and recreation. Seward Park, with its gyms and playgrounds, is a great spot for sports and family activities. The Chicago Riverwalk provides a scenic route for walking, jogging, or kayaking, and the nearly century-old art deco Mart building offers a unique backdrop for digital art displays. The neighborhood is well-served by public and private schools, including the highly-rated Walter Payton College Preparatory High School. Events like the Taste of River North add to the community's lively atmosphere, making it a desirable place to live for people of all ages.

Excellent Transportation Options for Easy Commuting

The Caravel's location in River North provides residents with a variety of convenient transportation options. The building is within walking distance of several bus stops, including State & Ontario, State & Huron, and Ontario & Wabash, which are served by the Broadway and Water Tower Express lines. The Grand Avenue Station on the Red Line is just a five-minute walk away, offering quick access to other parts of the city. For those who prefer to drive, the building is close to major highways, including U.S. Highway 41 and Interstate 90, providing easy routes to suburban destinations and Chicago O'Hare International Airport, which is about 30 minutes away by car. Chicago Midway International Airport is also accessible, located approximately 20 minutes away by car. The neighborhood's high walkability, excellent public transit options, and bike-friendly streets make it easy for residents to get around without relying on a car. The Caravel's secure parking garage and additional parking spaces available for purchase add to the convenience for those who do drive.

Available Condos

No units matching this criteria are available right now.

Building Details

Recreation

  • Fitness Center
  • Bike Trail

Outdoor Features

  • Common Area

Amenities

  • Doorman
  • Laundry Service
  • Party Room
  • Recreation Room
  • Guest Suites
  • Package Room
  • Community Storage Space
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • 1 - 2 Garage Spaces Per Unit
  • 1 Car Attached Garage
  • On-Site Parking
  • Valet Parking

Pet Policy

  • Pets up to 25 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Condo Association

  • $762 Monthly HOA Fees
  • Monthly HOA Fees Range from $762 - $1,450
  • Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
  • Diane Smith Association, Phone Number (312) 654-1622
  • Caravel Subdivision
  • Property managed by First Service residential

Building Design

  • Elevator
  • Fire Sprinkler System
  • High-Rise Condominium
  • Lobby

Unit Features

  • Laundry Room
  • Washer and Dryer Hookup
  • Balcony

Unit Information

Unit
Beds
2 Beds
Baths
2 Baths
Sq Ft
1,000
Rent
$3,450
Availability
03/12/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$31,107 - $956,000
2 Bedroom Units
Sq Ft Range
952 - 1,326
Est. Values
$77,000 - $899,966
3 Bedroom Units
Sq Ft Range
1,621 - 2,000
Est. Values
$91,000 - $928,213
All Units
Sq Ft Range
952 - 2,000
Est. Values
$31,107 - $956,000

Map

Area Factors

High Crime

Crime Score®

8 / 10

Very Bikeable

Bike Score®

83 / 100

Walker's Paradise

Walk Score®

100 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

62 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$1.6K - $96K
Range of Taxes in Building
$475 - $20,877
Range of Taxes per Sq Ft
$0.24 - $9.36

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Website

Building Team

Developer
Magellan Development Group, Llc
Architect
Loewenberg Architects
Property Management
Caravel Condominium Association
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.