$315,000
$25K PRICE DROP

The Opera Lofts 2545 S Dearborn St Unit 405 Floor 4 Chicago, IL 60616

Dearborn Neighborhood

Estimated payment $2,726/month

Total Views 21,915
2 Beds
2 Baths
1,133 Sq Ft
$278 Price per Sq Ft

Highlights

  • Fitness Center
  • Wood Flooring
  • Elevator
  • Lock-and-Leave Community
  • Sundeck
  • 5-minute walk to Williams Park

About This Home

Check out the 3D tour. The unit has fresh paint and updated floors. The first few images show the updates. Welcome to Opera Lofts. Originally designed as the workshop and warehouse for the Lyric Opera in 1907 these unique lofts enjoy common areas full of historical props from the opera stages, making it a one of a kind building full of Chicago history. This lovely 2 bedroom/2 bath loft has an eastern view for morning sunshine. Experience timeless architectural charm paired with contemporary high-end finishes, lofty ceilings, and a Juliet balcony. The price includes one heated garage parking spot and a spacious private storage unit. Building features also include a fitness center and a rooftop deck. 24 hours notice for showing please.

Listing Agent

Molly Heyen

Coldwell Banker Realty License #475113005 Listed on: 07/05/2025

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,080

Year Built

  • Built in 1909 | Remodeled in 2006

Lot Details

  • Additional Parcels

HOA Fees

  • $460 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Included in Price

Home Design

  • Entry on the 4th floor
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,133 Sq Ft Home
  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service

Community Details

Overview

  • Association fees include water, insurance, exercise facilities, exterior maintenance, scavenger, snow removal
  • 93 Units
  • Mid-Rise Condominium
  • Opera Lofts Subdivision
  • Property managed by Weatward360
  • Lock-and-Leave Community
  • 7-Story Property

Amenities

  • Sundeck
  • Elevator
  • Service Elevator

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,080

Year Built

Built in 1909 | Remodeled in 2006

Lot Details

0

HOA Fees

$460 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Condo-Loft,Mid Rise (4-6 Stories)
  • Ownership: Condo
  • EntryLevel: 4
  • New Construction: No
  • Property Sub-Type: Condo,Condo-Loft,Mid Rise (4-6 Stories)
  • Subdivision Name: Opera Lofts
  • Year Built: 1909
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2006
  • MRD_WaterViewYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 7
  • Year Renovated: 2006

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Interior Amenities: Cathedral Ceiling(s)
  • LivingArea: 1133
  • Room Type: No additional rooms
  • Stories Total: 7
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 460
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Sundeck, Security Door Lock(s), Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Weatward360
  • Management Contact Name: N/A
  • Management Phone: 888-888-8888

Fee Information

  • Association Fee Includes: Water, Insurance, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7080.39
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 93

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $6,535 $30,731 $1,856 $28,875
2023 $6,369 $30,872 $1,502 $29,370
2022 $6,369 $30,872 $1,502 $29,370
2021 $6,226 $30,870 $1,501 $29,369
2020 $3,961 $17,781 $2,554 $15,227
2019 $3,572 $17,781 $2,554 $15,227
2018 $3,512 $17,781 $2,554 $15,227
2017 $2,016 $9,365 $1,191 $8,174
2016 $1,876 $9,365 $1,191 $8,174
2015 $1,716 $9,365 $1,191 $8,174
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2025 09/26/25 Price Changed $315,000 0.0% $278 / Sq Ft
09/25/2025 09/25/25 Price Changed $2,750 -6.8% $2 / Sq Ft
09/24/2025 09/24/25 For Rent $2,950 0.0% --
09/17/2025 09/17/25 Price Changed $325,000 -1.5% $287 / Sq Ft
09/08/2025 09/08/25 For Sale $330,000 0.0% $291 / Sq Ft
08/26/2025 08/26/25 Off Market $330,000 -- --
08/05/2025 08/05/25 Price Changed $330,000 -2.9% $291 / Sq Ft
07/05/2025 07/05/25 For Sale $340,000 +21.4% $300 / Sq Ft
12/20/2018 12/20/18 Sold $280,000 +12.0% $247 / Sq Ft View Prior Sale
11/19/2018 11/19/18 Pending -- -- --
11/08/2018 11/08/18 Price Changed $249,900 -10.1% $221 / Sq Ft
10/19/2018 10/19/18 Price Changed $277,900 -0.4% $245 / Sq Ft
09/20/2018 09/20/18 For Sale $278,900 0.0% $246 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $278,900 -- $246 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Special Warranty Deed $280,000 Stewart Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $210,000 New Conventional
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12382607

Midwest Real Estate Data (MRED)

APN: 17-28-237-039-1139