NOT LISTED FOR SALE

1244 N Dearborn St Chicago, IL 60610

Gold Coast Neighborhood

Estimated Value: $18,530,299

Studio
-- Bath
72,633 Sq Ft
$255/Sq Ft Est. Value

About This Home

Welcome to your urban oasis in the vibrant city of Chicago! This charming and budget-friendly studio rental offers the perfect blend of comfort, convenience, and leisure, making it an ideal choice for both the solo traveler and the busy professional. Key Features:

Cozy Living Space: Step into a well-designed studio space that makes the most of its compact layout. The studio is thoughtfully furnished to provide all the essentials for a comfortable stay.

Great Price: Enjoy all the benefits of city living without breaking the bank. This studio offers unbeatable value, allowing you to experience Chicago without compromising your budget.

Pool and Gym Access: Beat the summer heat and stay active with exclusive access to the building's pristine swimming pool and fully-equipped gym. Whether you're looking to relax by the poolside or maintain your fitness routine, these amenities are at your disposal.

Convenient Kitchenette: The studio features a functional kitchenette equipped with basic appliances, making it easy to prepare quick meals and snacks. You'll have all the essentials to satisfy your culinary cravings.

Central Location: Situated in the heart of Chicago, you'll have access to a plethora of attractions, dining options, shopping districts, and entertainment venues. Whether you're a foodie, an art enthusiast, or a nature lover, the city has something for everyone.

Public Transit Access: Enjoy the convenience of excellent public transportation options nearby. Easily navigate the city and explore its diverse neighborhoods without the hassle of parking.

Friendly Community: The building fosters a welcoming community of residents, creating a comfortable and secure living environment.

Don't miss out on this fantastic opportunity to experience Chicago's urban charm while staying within your budget. Book your stay at this cozy studio today and take advantage of the pool and gym amenities for an unforgettable city experience. Contact us to secure your reservation and make this studio your home away from home!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Reit 1244 Llc
Bought by
1244 Hospitality Llc
Current Estimated Value
$18,530,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,250,000
Outstanding Balance
$12,383,345
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$6,146,954

Purchase Details

Closed on
Sep 7, 2016
Sold by
Jpmcc 2007 Cibc19 Dearborn Lodging Llc
Bought by
Interwest Chicago Hotel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000,000
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 3, 2012
Sold by
144 Dearborn Llc
Bought by
Jpmcc 2007 & Cibc19 Dearborn Lodging Llc

Purchase Details

Closed on
Jun 14, 2004
Sold by
Klok Anthony and Kornota Eugene
Bought by
1244 Dearborn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,120,000
Interest Rate
6.46%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1244 Hospitality Llc $19,500,000 None Listed On Document
Reit 1244 Llc $15,500,000 None Listed On Document
Interwest Chicago Hotel Llc $24,074,500 Fidelity National Title
Jpmcc 2007 & Cibc19 Dearborn Lodging Llc -- None Available
1244 Dearborn Llc -- Ticor Title Insurance
Kornota Eugene $7,194,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1244 Hospitality Llc $17,250,000
Previous Owner Interwest Chicago Hotel Llc $18,000,000
Previous Owner 1244 Dearborn Llc $12,120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market $1,670 -- --
01/10/2025 01/10/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $1,670 -- --
06/11/2024 06/11/24 For Rent $1,670 -- --

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $583,642 $4,201,251 $277,613 $3,923,638
2024 $583,642 $3,638,344 $277,613 $3,360,731
2023 $568,959 $2,766,205 $416,419 $2,349,786
2022 $568,959 $2,766,205 $416,419 $2,349,786
2021 $414,750 $2,062,500 $416,418 $1,646,082
2020 $401,282 $1,801,336 $416,418 $1,384,918
2019 $521,498 $2,595,648 $416,418 $2,179,230
2018 $512,728 $2,595,648 $416,418 $2,179,230
2017 $429,715 $1,996,168 $323,881 $1,672,287
2016 $399,810 $1,996,168 $323,881 $1,672,287
2015 $365,790 $1,996,168 $323,881 $1,672,287
2014 $335,607 $1,808,826 $277,612 $1,531,214
2013 $328,980 $1,808,826 $277,612 $1,531,214
Source: Public Records

Map

Illinois Cook County Chicago 60610 Gold Coast

1244 N Dearborn St, Chicago, IL

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 to be accurate and should be independently verified.

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