Chicago, IL 60654,642 N Dearborn ST
Chicago, IL 60654,642 N Dearborn ST
Chicago, IL 60654,642 N Dearborn ST
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$2,150,000
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642 N Dearborn ST Chicago, IL 60654

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Sajeena Jayaprakash

Sajeena Jayaprakash

+1(224) 445-2414

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12528262

Year Built 1890

Annual Tax Amount $36,329

Tax Year 2024

Lot Dimensions 50X100

Property Sub-Type Mixed Use

Property Description

This is an income-producing, mixed-use investment opportunity with a projected NOI of $135,514. The highly desirable historical River North property is adjacent to the highly acclaimed Tao restaurant and consists of five units, billboard income, and a shared outdoor garden patio. The property benefits from favorable remaining lease terms, an opportunity for short-term rental management for additional income, and favorable DX-5 zoning permitting a variety of uses. Recent upgrades include a completely updated 3rd floor completed in 2025 and an updated 4th floor completed in 2021. The property is located in the heart of River North, offering exceptional walkability, immediate access to amenities, and easy access to major transport options, including the CTA Red, Brown, and Purple lines and 90/94 Expressway.

Location

State IL

County Cook

Area Chi - Near North Side

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Scott Maesel of  Sperry Van Ness 

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    STEM Magnet Academy Elementary School

    Public | KG - 5

  • 10

    Skinner Elementary School

    Public | PK - 5

  • 10

    Skinner North Elementary School

    Public | KG - 6

  • 10

    Lincoln Elementary School

    Public | KG - 8

  • 9

    Burley Elementary School

    Public | KG - 8

  • 9

    Prescott Elementary School

    Public | PK - 8

  • 9

    Jackson a Elementary Language Academy

    Public | KG - 8

  • 9

    Galileo Elementary Math & Science Schol Acd

    Public | KG - 8

  • 9

    Alcott Elementary School

    Public | KG - 8

  • 9

    Haines Elementary School

    Public | PK - 8

  • 8

    Lasalle II Lang Academy Elementary School

    Public | PK - 8

  • 8

    Burr Elementary School

    Public | PK - 8

  • 8

    Perez Elementary School

    Public | PK - 8

  • 8

    Mayer Elementary School

    Public | PK - 8

  • 8

    Lasalle Elementary Language Academy

    Public | KG - 8

  • 7

    Ogden Elementary School

    Public | KG - 8

  • 7

    South Loop Elementary School

    Public | PK - 8

  • 6

    Jahn Elementary School

    Public | KG - 8

  • 6

    Agassiz Elementary School

    Public | PK - 8

  • 6

    Newberry Elementary Math & Science Academy

    Public | PK - 8

Middle Schools 5
  • 10

    Young Magnet High School

    Public | 7 - 12

  • 7

    Orozco Elementary School

    Public | 6 - 8

  • 7

    Ogden Intermediate High School

    Public | 6 - 12

  • 7

    Noble Street Charter Schools

    Public | 6 - 12

  • 1

    Perspectives Charter High School

    Public | 6 - 12

High Schools 18
  • 10

    Payton College Preparatory High School

    Public | 9 - 12

  • 9

    Lincoln Park High School

    Public | 9 - 12

  • 9

    Jones College Preparatory High School

    Public | 9 - 12

  • 6

    Intrinsic Charter High School

    Public | 9 - 9

  • 4

    Wells Community Academy High School

    Public | 9 - 12

  • 3

    Juarez Community Academy High School

    Public | 9 - 12

  • 2

    Chicago Technology Academy High School

    Public | 9 - 12

  • 1

    Legal Preparatory Academy Charter High School

    Public | 9 - 10

  • 1

    Urban Preparatory Charter Academy West Campus High School

    Public | 9 - 12

  • 0

    Cristo Rey Jesuit High School

    Private | 9 - 12

  • 0

    Simpson Academy High School for Young Women

    Public | 9 - 12

  • 0

    Holy Trinity High School

    Private | 9 - 12

  • 0

    Prologue Early College High School

    Public | 9 - 12

  • 0

    Prologue Early College

    Private | 9 - 12

  • 0

    St Ignatius College Preparatory

    Private | 9 - 12

  • 0

    The Chicago Academy for the Arts

    Private | 9 - 12

  • 0

    Cornerstone Academy

    Private | 9 - 12

  • 0

    Graham R Training Center

    Public | 9 - 12

School and business data provided by Attom Data.

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Sajeena Jayaprakash

Sajeena Jayaprakash

Real Estate Broker | License ID: 475.217670

+1(224) 445-2414

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642 N Dearborn ST