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$384,900 Just Listed
Property Description
Welcome to the iconic Manhattan Building, a designated Chicago Landmark, where timeless architectural character meets modern comfort. This expansive 3-bedroom, 2-bath residence offers exceptional space, abundant natural light, and the rare flexibility of a live/work designation. Designed with versatility in mind, the home can be easily converted into a 4-bedroom layout, creating an excellent opportunity for additional roommates or increased rental income. A welcoming foyer sets the tone with room for a bench and a generous double-wide coat closet. Beyond, the open living and dining area is filled with natural light from oversized north- and east-facing windows, while soaring 8'9" ceilings and a wood-burning fireplace create a warm, inviting atmosphere perfect for relaxing or entertaining. The updated kitchen features freshly painted cabinetry, granite countertops, stainless steel appliances, and a breakfast bar for casual dining or gathering with guests. A conveniently located closet houses a full-size washer and dryer. The spacious dining room offers outstanding flexibility and can remain an elegant entertaining space or be easily enclosed to create a fourth bedroom-an ideal option for maximizing rental potential or accommodating a growing household. The primary suite serves as a peaceful retreat with a wall of east-facing windows, new mirrored sliding closet doors, and a private ensuite bath. The second and third bedrooms are generously sized, each with ample room for a bed, desk, and sitting area, making them perfect for roommates, guests, or today's work-from-home lifestyle. Elegant French doors add architectural charm to one of the bedrooms, while the recently renovated second bath features a new shower, modern vanity, and updated tile flooring. A rare live/work designation offers unmatched flexibility for professionals, creatives, and entrepreneurs, while the option to convert the home into a four-bedroom residence makes this property equally appealing as a primary home or investment. Residents enjoy weekday door staff (9 a.m.-5 p.m.), on-site management, and the distinctive character of one of Chicago's most celebrated historic buildings. Perfectly situated in the heart of the city, you're just moments from the Loop, the lakefront, shopping, acclaimed restaurants, nightlife, and public transportation. Located within the sought-after South Loop School boundaries and offering convenient access to major expressways, this home combines historic elegance, modern updates, and exceptional versatility in one remarkable residence. Whether you're looking for a spacious city home or an investment with strong income potential, this adaptable residence at the Manhattan Building offers the best of both worlds.
Full Property Details
Full Property Details for 431 S Dearborn St #1204
General
- Price: $384,900
- HOA FEE: $1,395/month
- Taxes: $7,799 (2023)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12704193
- Updated: Today (7/14/2026)
- Added to Site: Today
Interior
- Basement: None
- Interior Features: Storage, Built-in Features, Walk-In Closet(s), High Ceilings
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Appliances: Range, Microwave, Dishwasher, Refrigerator
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Elevator in Residence, Storage, On-Site Manager/Engineer, Receiving Room
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Off Site, Leased, Detached, Garage
Location
- Area: CHI - Loop
- County: Cook
- Township: South Chicago
- Driving Directions: Just north of the intersection of Congress (Ida B Wells ) and Dearborn.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: South Loop Elementary School
- Middle School: South Loop Elementary School
- High School: Phillips Academy High School
- Private School: Phillips Academy High School
Community
- Assoc. Fees Include: Water, Insurance, Doorman, Exterior Maintenance, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pets: Cats OK
- Pet Restrictions: Cats OK
- Mgmt. Company: Associa of Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo
- Construction: Brick, Marble/Granite
- Exterior Const.: Brick, Marble/Granite
- Basement Desc.: None
- Sub-Flooring: Hardwood
- Entry Floor Number: 12
- Stories/Levels: 16
- Square Feet: 1,800
- Sq. Ft. Source: Landlord/Tenant/Seller
- Year Built: 1896
- Built Before 1978: Yes
Unit Information
- Units in Building: 105
Lot Features
- Lot Dimensions: CONDO
Animals
- Animals Allowed: Cats OK
Financial Considerations
- Lease Price: $245
- Association Fee: $1,395
- Assoc Fee Freq.: Monthly
- Assessment Year: 1896
- Tax Amount: $7,799.29
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Special Conditions: List Broker Must Accompany
- Property ID: 17162460181089
Listed by The Nav Agency
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Schools
Schools serving 431 S Dearborn St #1204
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 0.7 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 431 S Dearborn St #1204
Date
Details
Price
Change
Source
7/14/2026
Listed
$384,900
5.45%
MLS
4/01/2022
Sold
$365,000
—
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 431 S Dearborn St #1204
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,799
—
$37,689
2%
2023
$7,799
3%
$36,965
—
2022
$7,603
2%
$36,965
—
2021
$7,433
-1%
$36,965
10%
2020
$7,501
2%
$33,670
-8%
2019
$7,367
2%
$36,670
—
2018
$7,244
7%
$36,670
16%
2017
$6,778
7%
$31,488
—
2016
$6,307
9%
$31,488
—
2015
$5,770
18%
$31,488
19%
2014
$4,901
2%
$26,415
—
2013
$4,804
-7%
$26,415
-8%
2012
$5,174
—
$28,832
—
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 431 S Dearborn St #1204
431 S Dearborn Street #1204, Chicago, IL 60605 (MLS# 12704193) is a Condo property with 3 bedrooms and 2 full bathrooms. 431 S Dearborn Street #1204 is currently listed for $384,900 and was received on July 14, 2026. Want to learn more about 431 S Dearborn Street #1204? Do you have questions about finding other Condo real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.
