Lives Like a Single Family Residence in the Sky: A 3-Bedroom at 545 N. Dearborn in River North
This 3-bedroom duplex penthouse in Grand Plaza at 545 N. Dearborn in River North came on the market in June 2024.
Built in 2003, Grand Plaza has 283 units and attached garage rental parking.
It’s a full amenity building with 24-hour door staff, on-site management, a party room, an exercise room, a basketball court and an outdoor pool and sundeck.
The listing says this unit “lives like a single family residence in the sky.”
At 2465 square feet, the living room, dining room, kitchen and one bedroom are on the main floor with the primary suite and second bedroom on the second floor.
The listing says “no expense was spared” in customization and upgrades.
It has 26-foot ceilings in the great room with two floors of windows, a custom brick fireplace, and a crystal chandelier.
The unit has a “state-of-the-art” kitchen with white cabinets a macauba quartzite island with seating for two, a custom tile backsplash and stainless steel appliances including a 5-burner gas range.
It has an additional wet/dry bar/kitchenette with 2 beverage refrigerators and custom Italian cabinetry.
The primary suite, on the second floor, has a walk-in-closet with Italian cabinetry and an en suite bath with dual sink vanity and walk-in-shower.
There are several private outdoor balconies on each floor.
This unit has the features that buyers look for including central air, washer/dryer in the unit and garage parking is available to rent.
This building is in the heart of east River North, near the Bally’s temporary casino, the Trader Joe’s and it’s just a block from the Eataly. There are restaurants and stores, the Red line subway and many bus lines nearby.
Listed in June 2024 for $1.38 million, it has been reduced $185,000 to $1.195 million.
The unit last sold in 2017 for $1.125 million.
Is this a deal for the size of the unit?
Benjamin Lissner at Baird & Warner has the listing. See the pictures here (sorry, no floor plan).
Unit #W3601: 3 bedrooms, 2 baths, 2465 square feet, duplex penthouse
- Couldn’t find the original sales price
- Sold in March 2017 for $1.125 million
- Originally listed in June 2024 for $1.38 million
- Reduced several times
- Currently listed at $1.195 million
- Assessments of $2555 a month (includes heat, a/c, gas, doorman, cable, clubhouse, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $23,447
- Central Air
- Washer/dryer in the unit
- Rental parking available in the building
- Fireplace (gas)
- Bedroom #1: 12×17 (second floor)
- Bedroom #2: 12×14 (main floor)
- Bedroom #3: 16×14 (second floor)
- Living room: 22×18 (main floor)
- Dining room: 13×14 (main floor)
- Kitchen: 8×13 (main floor)
- Balconies (main and second floor)