431 Dearborn Street, Loop, Chicago, Illinois 60605
$384,900
|
For Sale
|
|
| Status: | Active |
| Sqft: | 1,800 |
| Cost/Sqft: | $214 |
| Beds: | 3 |
| Baths: | 2 |
| Year Built: | 1896 |
| Property Taxes: | $7,799 |
| Days On Market: | 13 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Condos/Townhomes | |
| 16 | |
| — | |
| 1896 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| 1395 / Monthly | |
| — | |
| — | |
| — | |
| 12704193 | |
| 17162460181089 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
South Loop Elementary School |
299 | — | |
|
Middle School
South Loop Elementary School |
299 | Not in DB | |
|
High School
Phillips Academy High School |
299 | Not in DB | |
|
Alternate High School
Jones College Prep High School |
— | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 8 Mar, 2019 | Sold | $357,000 | MRED MLS |
| 13 Jan, 2019 | Under contract | $350,000 | MRED MLS |
| 13 Jan, 2019 | Listed for sale | $350,000 | MRED MLS |
| 1 Apr, 2022 | Sold | $365,000 | MRED MLS |
| 15 Feb, 2022 | Under contract | $359,900 | MRED MLS |
| 8 Feb, 2022 | Listed for sale | $359,900 | MRED MLS |
| 14 Jul, 2026 | Listed for sale | $384,900 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 1 | |
| — | |
| — | |
| — | |
| — | |
| CONDO | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $6,778 |
| 2022 | $7,500 |
| 2026 | $7,799 |
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Listing Provided By
THE NAV AGENCY
