635 N Dearborn St APT 902

River North, Chicago, IL · View on Zillow

635 N Dearborn St APT 902

$450K somewhere else buys…

2 bedrooms · 2 baths · 1,250 sqft

Built 2003 · 1 Attached Garage space · $360/sqft (city median $240)

Welcome to this corner, southwest-facing condo at the Caravel! This bright and spacious home brings the best of city living indoors with floor-to-ceiling windows, a wraparound balcony, and beautiful southwestern views of the Chicago skyline. The split-bedroom floor plan offers excellent functionality and privacy.

What this place offers

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air
  • 1 Attached Garage space
  • Garage
  • HOA $944 monthly

The numbers

$9K/yr

Property tax (actual rate)

$2K/yr

Insurance (quoted)

Price history

2020$3,000
2023$3,500
2024$3,500
2026 (asking)$450,000

Up 14900% since 2020

$450,000

Down payment20% · $90,000
%
Mortgage (principal + interest)$2,252
Property tax$746
Home insurance$135
HOA / maintenance$944
All-in monthly$4,077/mo

You'd need about $174,732/yr in household income (28% rule) plus $90,000 in cash.

Would rent for ~$2,250/mo · 6.0% gross yield

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