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$549,000 Just Listed
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Property Description
A truly one-of-a-kind loft offering an extraordinary blend of history, scale, and architectural character. Once home to the original hardware used by the Lyric Opera to construct production sets, this remarkable residence showcases breathtaking 27-foot ceilings at their highest point, creating an unforgettable sense of volume and light. Thoughtfully designed across three levels, the unique open-concept layout offers exceptional flexibility with three open bedrooms, two dedicated office spaces-including one that can easily serve as an expansive walk-in dressing room-and two full bathrooms. Designed for both everyday living and effortless entertaining, the dramatic main living area flows seamlessly into the dining space and spacious kitchen. The kitchen features a large island with breakfast bar seating, abundant cabinetry, granite countertops, and stainless steel appliances. The natural stone bathrooms provide a spa-like retreat, highlighted by a luxurious primary bath with a double vanity, separate shower, and oversized jetted soaking tub. Completing this exceptional home is a private balcony showcasing city and lake views to the east, in-unit laundry, impressive storage throughout, and an attached garage parking space included in the price. Ideally located with convenient access to Lake Shore Drive, I-55, I-90/94, the lakefront, downtown Chicago, and everything the city has to offer, this is a rare opportunity to own one of Chicago's most distinctive loft residences.
Full Property Details
Full Property Details for 2545 S Dearborn St #702
General
- Price: $549,000
- HOA FEE: $694/month
- Taxes: $10,381 (2024)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12698766
- Updated: 7/15/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: None
- Interior Features: Cathedral Ceiling(s), 1st-Floor Bedroom, 1st-Floor Bath, Storage, Open Floorplan, Granite Counters, Health Facilities, Lobby
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom Features: Whirlpool, Separate Shower, Double Sink, Soaking Tub
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Sundeck, Security Door Lock(s), Ceiling Fan
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony, Roof Deck
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Garage Door Opener, Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: CHI - Near South Side
- County: Cook
- Township: South Chicago
- Subdivision: Opera Lofts
- Driving Directions: STATE TO 26TH, W TO DEARBORN, N TO BUILDING
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Drake Elementary School
- High School: Phillips Academy High School
- Private School: Phillips Academy High School
Community
- Assoc. Fees Include: Water, Parking, Insurance, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Mgmt. Company: .
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Condo, Condo/Loft, Penthouse
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Windows: Drapes
- Sub-Flooring: Hardwood
- Entry Floor Number: 7
- Stories/Levels: 7
- Square Feet: 2,000
- Sq. Ft. Source: Estimated
- Year Built: 1909
- Built Before 1978: Yes
- Remodeled/Updated: 2010
Unit Information
- Units in Building: 93
Lot Features
- Lot Dimensions: COMMON
Financial Considerations
- Association Fee: $694
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1909
- Tax Amount: $10,381.08
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 17282370391114
Listed by Berkshire Hathaway HomeServices Chicago
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Price & Sales History for 2545 S Dearborn St #702
Date
Details
Price
Change
Source
7/09/2026
Listed
$549,000
19.87%
MLS
3/29/2018
Sold
$458,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2545 S Dearborn St #702
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,722
—
$49,177
-3%
2023
$10,722
3%
$50,652
—
2022
$10,451
2%
$50,652
—
2021
$10,216
61%
$50,652
78%
2020
$6,339
11%
$28,454
—
2019
$5,717
2%
$28,454
—
2018
$5,621
74%
$28,454
90%
2017
$3,226
7%
$14,988
—
2016
$3,002
-27%
$14,988
-33%
2015
$4,118
—
$22,474
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2545 S Dearborn St #702
2545 S Dearborn Street #702, Chicago, IL 60616 (MLS# 12698766) is a Condo property with 3 bedrooms and 2 full bathrooms. 2545 S Dearborn Street #702 is currently listed for $549,000 and was received on July 09, 2026. Want to learn more about 2545 S Dearborn Street #702? Do you have questions about finding other Condo real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.
