Dearborn Portfolio - 1430 & 1504 N Dearborn — Sale in Chicago, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Chicago, IL
- Size: 56,590 SF
- Year built: 1928
Photos
Description
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to present for purchase 1430 N. Dearborn (“1430”), a 68-home mid-rise apartment community, and 1504 N. Dearborn (“1504”), a 49-home mid-rise apartment community. Located less than a block apart on North Dearborn Street in Chicago’s Gold Coast neighborhood, this portfolio represents a very rare opportunity to acquire two boutique assets in one of Chicago’s most affluent and desirable neighborhoods. The communities appeal to young professionals and higher-income renters drawn to the area’s vibrant atmosphere, lakefront proximity and walkability. Both properties are currently 95%+ occupied, consistent with the broader North Lakefront submarket’s tight operating conditions.
Market Context
This multifamily in Chicago, IL is listed for sale across 56,590 SF. The building dates to 1928. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.
As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Contact
- Bill Baumann · 3123007287 · bill.baumann@jll.com
- Sam Grohe · 6307284553 · sam.grohe@jll.com
Explore this market
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