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$359,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,100 Sq. Ft.
  • 1 Car Garage
  • Updated 3 days ago
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Set within the iconic Opera Lofts, once the workshop and warehouse for the Chicago Lyric Opera, this top-floor condo combines authentic loft character with exceptional flexibility and style. Soaring 16' concrete ceilings and oversized east-facing windows flood the space with natural light. Hardwood floors run throughout the expansive open-concept layout, anchored by a welcoming living room with a gas fireplace and ample space for both lounging and dining. Sliding glass doors open to a private balcony with views of downtown and the Lake Michigan! The kitchen is designed for entertaining and everyday living alike, featuring an island, stainless steel appliances, tiled backsplash, and abundant storage and prep space. The spacious primary suite includes two large closets and an en suite bath with a double vanity, while the second bedroom offers flexibility for guests, a home office, or creative space. Additional conveniences include central air, in-unit laundry, and generous closet space. The dramatic ceiling height within this unit also provides a rare opportunity to create additional living, workspace, or sleeping areas tailored to your needs. One parking space in attached heated garage included in price! Residents of this elevator building enjoy an impressive collection of amenities, including a beautifully landscaped rooftop deck, fitness center, dog run, and the chance to live in one of Chicago's most distinctive loft conversions.

Full Property Details for 2545 S Dearborn St #705

General

  • Price: $359,000
  • HOA FEE: $502/month
  • Taxes: $6,513 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12608580

Interior

  • Basement: None
  • Interior Features: Cathedral Ceiling(s), Storage, Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room, Attached Fireplace Doors/Screen, Gas Log, Gas Starter
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom Features: Whirlpool, Double Sink, Soaking Tub

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Bike Room/Bike Trails, Elevator in Residence, Exercise Room, Sundeck, Security Door Lock(s), Service Elevator(s)
  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s)
  • Other Features: Commuter Bus

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
  • Driving Directions: State Street, West on W 26th Street to S Dearborn, turn right to front door

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Drake Elementary School
  • Middle 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, Scavenger, Snow Removal
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK, Number Limit, Size Limit
  • Pet Restrictions: Cats OK, Dogs OK, Number Limit, Size Limit, / 999lbs.
  • Mgmt. Company: Westward 360

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Structure Type: Condo/Loft, High-Rise (7 or More Stories)
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Roof: Tar/Gravel
  • Doors: Sliding Glass Door(s)
  • Sub-Flooring: Hardwood
  • Entry Floor Number: 7
  • Stories/Levels: 7
  • Square Feet: 1,100
  • Sq. Ft. Source: Estimated
  • Year Built: 1909
  • Built Before 1978: Yes
  • Remodeled/Updated: 2007

Unit Information

  • Units in Building: 93

Lot Features

  • Lot Dimensions: CONDO

Animals

  • Animals Allowed: Cats OK, Dogs OK, Number Limit, Size Limit

Financial Considerations

  • Association Fee: $502
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Assessment Year: 1909
  • Tax Amount: $6,513.87
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Floor Plans: Yes
  • Property ID: 17282370391117

Listed by Baird & Warner

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— 2545 S Dearborn St #705 —

  • Baird & Warner

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2545 S Dearborn St #705

School District:Chicago Public School District 299
NameGradesDistance
Drake Elementary School
2710 South Dearborn Street, Chicago, IL 60616
PK-80.2 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-111.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 2545 S Dearborn St #705

Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
$25,925
—
2022
-100%
$25,925
—
2021
$4,557
13%
$25,925
23%
2020
$4,019
-16%
$21,143
-11%
2019
$4,757
2%
$23,676
—
2018
$4,677
63%
$23,676
77%
2017
$2,877
7%
$13,364
—
2016
$2,677
9%
$13,364
—
2015
$2,449
-31%
$13,364
-31%
2014
$3,569
2%
$19,237
—
2013
$3,499
1%
$19,237
—
2012
$3,452
—
$19,237
—
View All
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 for 2545 S Dearborn St #705

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Listed by Baird & Warner

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2545 S Dearborn Street #705, Chicago, IL 60616 (MLS# 12608580) is a Condo property with 2 bedrooms and 2 full bathrooms. 2545 S Dearborn Street #705 is currently listed for $359,000 and was received on May 14, 2026. Want to learn more about 2545 S Dearborn Street #705? 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.

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