Property Overview
1447 N Dearborn is a courtyard-style value-add opportunity in the highly desirable Gold Coast neighborhood of Chicago. The roughly 45,918 SF building (including basement) features large units with the potential to finish into condos or divide the units further to create a luxury rental building. The property is ideally situated within close proximity to Lake Michigan, Gold Coast shopping &
entertainment, as well as walking distance to all Old Town has to offer.
This property offers significant value-add potential via renovation and reconfiguration of units, which are in white-box condition. The current layouts include (4) Duplex Units on the first and fourth floors, (2) units on both the second and third floors, and (1) one bedroom/1 bath on the lower level. There are 4 garage parking spots which allow for parking of up to 18 tandem spots. The gated front entrance has a curb cut which allows for additional parking and/or private pickup/drop-off. The elevators are set up to open directly into each unit.
Highlights
- Incredible Value Add Gold Coast Opportunity
- Large Units
- Garage Parking
- Elevator direct to Units
- Private Gated Access
- Units Unfinished Allowing for Optionality with Layouts