Dearborn Tower, 1530 S. State Street, Chicago, IL 60605 Market Report
Dearborn Tower, at 1530 S. State Street, is 18 stories with 317 units. Floor plans range fro
m 1 bedroom to 4 bedroom units.
Building amenities include a doorman, bike room, exercise room, package receiving room, dry cleaners, hospitality room, and a large sundeck offering sweeping, unobstructed views of the south loop and the downtown Chicago skyline.
Dearborn Tower been recognized by local community groups for it's commitment to creating a green living environment. The building took first place in The Alliance For A Greener South Loop's Greener Awards in both 2010 and 2012. The building took second place in 2009. The Green Initiatives described in Dearborn Tower's 2010 application were so impressive that they were incorporated into a Green Symposium hosted at Dearborn Tower several months after it's win.
In 2012 there were 20 sales. Prices of the units sold in 2012 ranged from $167,000, (a 1 bedroom unit), to $624,000, (for a 2 bedroom unit.)
As this report goes to print, there have been 14 sales in 2013. The sales prices ranged from $210,000 for a 1 bedroom unit to $730,000 for a 4 bedroom unit. There are currently 6 active listings and 8 units under contract.
Soldier Field, Museums and the Lakefront are nearby. Dearborn Tower has easy access to expressways, public transportation, restaurants, shopping, and recreational venues.
Sales information is from MRED LLC and deemed reliable, but not guaranteed.
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