Beautifully Renovated Corner 2/2 in the Gold Coast for $700,000: 1122 N. Dearborn
This corner 2-bedroom at 1122 N. Dearborn in the Gold Coast came on the market in April 2025.
Built in 2000, 1122 N. Dearborn has 105 units and attached garage parking.
It has 24/7 door staff, a fitness center, party room and a large rooftop deck.
This unit is a southeast corner with a split floor plan at 1520 square feet.
The listing says it has been “beautifully renovated.”
It has what looks like dark hardwood floors throughout, including the bedrooms.
There is an open concept with a living room/dining room combo. There is a gas fireplace in the living room.
The kitchen has been “updated” and has custom white cabinets, stone countertops, a peninsula island with seating for 3, an extra built-in desk, stainless steel appliances and a wine fridge.
There is a south facing balcony off the kitchen.
The primary suite has a walk-in-closet and an en suite bath with dual sinks, built-in storage and a walk-in-shower.
There is a second full bath.
The unit has the features that buyers look for including central air, full-size side by side washer/dryer in the unit, and one garage parking space is included.
The listing says dogs up to 60 pounds are allowed but there are no rentals permitted.
The building is in a “prime” Gold Coast location near some of the most popular restaurants in the city including Gibsons, Maple and Ash, and the newly reopened Foxtrot.
Originally listed in April 2025 at $725,000, it has reduced $25,000 to $700,000.
Is $700,000 the new entry point for larger renovated 2/2s in the Gold Coast?
Deborah Ballis Hirt and Elizabeth Ballis at Compass have the listing. See the pictures and floor plan here.
Unit #10A: 2 bedrooms, 2 baths, 1520 square feet
- Sold in February 2000 for $295,000
- Sold in February 2017 for $525,000
- Originally listed in April 2025 for $725,000
- Withdrawn
- Re-listed in May 2025 reduced to $700,000
- Assessments of $1664 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, scavenger, snow removal, Internet)
- Taxes of $12,732
- Central Air
- Side-by-Side washer/dryer in the unit
- Garage parking space included
- Gas fireplace
- Bedroom #1: 16×12
- Bedroom #2: 12×12
- Living/dining room: 24×17
- Kitchen: 12×8
- Eating area: 8×8 (has the built-in desk and wine fridge)
- Balcony
This is a rare Gold Coast building that has both w/d and garage parking.
HOAs are higher because just 105 units and it has 24/7 door staff. Building is now 25 years old so have to keep up with maintenance.
It has a great location. It’s near the shops/restaurants of Rush/State and is near Washington Square Park.
Only the 4th time this building has been on the CC, and first since 2014:
2014: #21I-3/2.5, $725k ask in Aug-14; sold Oct-14 for $680k; sold in Oct-21 for $850k
2012: #27J-3/2.5, $799k ask in May-12; sold Oct-12 for $777k
2011: #6B-2/2 (+sad terrace), $599k ask in Sep-11; Sold Dec-11 for $540k; sold in Nov-16 for $745k.
Here’s the current competition at $625k:
https://www.redfin.com/IL/Chicago/1122-N-Dearborn-St-60610/unit-7A/home/12753267
Not 1500sf
What’s the draw and who’s the target?
Cookie cutter 2/2
All cash buyer is paying $2600/mo
Is Rush/State a thing for anyone under 65?
Finishes are not on trend for anywhere but Chicago
This is a good building for the GC, nice unit, seems priced about right.
@JohnnyU – target is folks in their 40s + (single or married) with decent jobs that love the GC. I know quite a few that are actively looking in the area
“Is Rush/State a thing for anyone under 65?”
Yes. Neighborhoods are changing. Lots of young people in the old Viagra Triangle shopping at the Abercrombie. They are building new apartment buildings which is attracting new blood.
Older boomers still going to move away though. The neighborhood is seeing turnover to the next generation. Much needed, in my opinion.
This building is prized because it’s newer construction, has the parking and washer/dryer in the units.
“ target is folks in their 40s + (single or married) with decent jobs that love the GC. I know quite a few that are actively looking in the area”
Interesting.
What the draw for them living in the GC?
“What the draw for them living in the GC?”
It’s beautiful with historic homes and large, mature trees. It’s near Lincoln Park and Oak Street Beach. Can get on buses which will take you into the Loop for work (bit of a bummer if you work in Fulton Market however.)
There’s a Potash and Jewel and you can still get to a Whole Foods. Lots of restaurants nearby.
It feels “safe.”
Absolutely right Sabrina! JohnnyU you are right too in terms of demographics. I was just at Gibson/Tavern/Bellevue the other night and shocked by how many late 30-early 50s out and about with friends enjoying themselves – Things change over time I guess
I see I din’t finish my thought–
Feature v 7A: Feature is clearly 10%+ nicer, but question is does a given buyer like the finishes like the choices that much?
I think that if one is neutral bt the two (how could you be??) still worth it to have–in 5 or 10 years when you sell–the better appliances and the 15 year old finishes rather than the actually vintage finishes.