The Residences At Grand Plaza 545 N Dearborn St Unit W1602 Chicago, IL 60654
River North Neighborhood
1
Bed
1
Bath
850
Sq Ft
$740/mo
HOA Fee
Highlights
- Doorman
- 1-minute walk to Grand Avenue Station (Red Line)
- Open Floorplan
- Steam Room
- Fitness Center
- Wood Flooring
About This Home
As of August 2025Attention investors and owner-occupants-welcome to Dearborn Plaza at 545 N Dearborn St, Unit W1602. This spacious one-bedroom, one-bathroom condo features a private balcony and is move-in ready after an upgrade in May 2025. The unit includes brand new stainless steel kitchen appliances-refrigerator, stove, microwave-and a newer dishwasher. The modern, open-concept kitchen with white cabinetry offers ample storage and is perfect for entertaining. Enjoy in-unit laundry, an oversized bathroom with a soaking tub, and flooring throughout, including brand new flooring in the bedroom as of May 2025. The large bedroom that fits a king size bed includes a walk-in closet with built in shelving. Residents enjoy access to 50,000 square feet of resort-style amenities, including a 24/7 door staff, dry cleaner, bike storage, outdoor pool and sundeck with grills, running track, dog run, sauna, fitness center, indoor basketball court, party room, game room, business center, and a library with coffee and computer access. Monthly assessments cover cable, internet, air conditioning, heat, gas, and water-leaving only electricity for the owner. Building reserves was over $2 millions as of December 2024, with no special assessments planned. Rentals are allowed with a minimum 30-day lease, no rental cap, and no Airbnb permitted. On-site parking is available for rent at $350/month through third-party management on the third floor (not owned by the association). The building is pet-friendly with a limit of two pets per unit, up to 25 lbs each. Experience the best of modern, convenient city living-schedule your private tour today.
Last Agent to Sell the Property
Fulton Grace Realty License #471021199 Listed on: 06/17/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,618
Year Built
- Built in 2005 | Remodeled in 2025
HOA Fees
- $740 Monthly HOA Fees
Parking
- 1 Car Garage
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 850 Sq Ft Home
- Open Floorplan
- Living Room
- Dining Room
- Home Gym
- Wood Flooring
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, insurance, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 284 Units
- Grandplazamgr@Sudlerchicago.Com Association, Phone Number (312) 222-9466
- High-Rise Condominium
- 1Br
- Property managed by Sudler Property Management
- 37-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Steam Room
- Sauna
- Business Center
- Party Room
- Laundry Facilities
- Elevator
- Service Elevator
- Package Room
Recreation
- Community Spa
- Bike Trail
Pet Policy
- Pets up to 25 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 27, 2005
Sold by
Grand Plaza Tower Llc
Bought by
Worley Donald E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,500
Interest Rate
5.98%
Mortgage Type
Fannie Mae Freddie Mac
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Corporate Deed | $306,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $230,625 | New Conventional | |
| Closed | $204,455 | New Conventional | |
| Closed | $225,500 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $290,000 | -0.7% | $341 / Sq Ft |
| 06/28/2025 06/28/25 | Pending | -- | -- | -- |
| 06/17/2025 06/17/25 | For Sale | $292,000 | 0.0% | $344 / Sq Ft |
| 09/24/2018 09/24/18 | For Rent | $2,100 | +11.7% | -- |
| 09/23/2018 09/23/18 | Rented | $1,880 | -10.5% | -- |
| 09/19/2018 09/19/18 | Off Market | $2,100 | -- | -- |
| 08/27/2018 08/27/18 | Price Changed | $2,100 | -9.9% | $3 / Sq Ft |
| 08/08/2018 08/08/18 | Price Changed | $2,330 | -2.1% | $3 / Sq Ft |
| 07/21/2018 07/21/18 | For Rent | $2,380 | 0.0% | -- |
| 06/03/2016 06/03/16 | Sold | $307,500 | -2.4% | $373 / Sq Ft |
| 04/21/2016 04/21/16 | Pending | -- | -- | -- |
| 04/06/2016 04/06/16 | For Sale | $315,000 | -- | $382 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,618 | $25,828 | $4,406 | $21,422 |
| 2023 | $5,553 | $26,628 | $3,559 | $23,069 |
| 2022 | $5,553 | $27,000 | $3,559 | $23,441 |
| 2021 | $5,429 | $26,999 | $3,559 | $23,440 |
| 2020 | $5,323 | $23,894 | $2,741 | $21,153 |
| 2019 | $5,212 | $25,942 | $2,741 | $23,201 |
| 2018 | $5,124 | $25,942 | $2,741 | $23,201 |
| 2017 | $4,947 | $22,982 | $2,335 | $20,647 |
| 2016 | $4,103 | $22,982 | $2,335 | $20,647 |
| 2015 | $3,731 | $22,982 | $2,335 | $20,647 |
| 2014 | $3,196 | $19,793 | $1,827 | $17,966 |
| 2013 | $3,122 | $19,793 | $1,827 | $17,966 |
Source: Public Records
Agents Affiliated with this Home
-
Chih-Hao Yang
Seller's Agent in 2025
Chih-Hao Yang
Fulton Grace
(217) 819-8009
16 in this area
137 Total Sales
-
Alexandre Stoykov
Buyer's Agent in 2025
Alexandre Stoykov
Compass
(312) 593-3110
74 in this area
1,081 Total Sales
-
Giancarlo Chavez
Seller's Agent in 2018
Giancarlo Chavez
Keller Williams ONEChicago
(312) 869-1888
4 in this area
58 Total Sales
-
Leslie McGinty
Seller Co-Listing Agent in 2018
Leslie McGinty
Corcoran Urban Real Estate
(312) 550-0333
6 in this area
24 Total Sales
-
Andre Peloquin
Buyer's Agent in 2018
Andre Peloquin
@ Properties
(312) 682-8500
2 in this area
23 Total Sales
-
Joseph Kotoch
Seller's Agent in 2016
Joseph Kotoch
Compass
(773) 727-1093
5 in this area
211 Total Sales
About The Residences At Grand Plaza
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12395755
APN: 17-09-241-036-1076
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