431 S Dearborn Street #1204

in The Manhattan Building
$384,900 Active · 2 days on market
3
beds
2
baths
1,800
sq ft
$214
per sq ft

About this unit

Welcome to the iconic Manhattan Building, a designated Chicago Landmark, where timeless architectural character meets modern comfort. This expansive 3-bedroom, 2-bath residence offers exceptional space, abundant natural light, and the rare flexibility of a live/work designation. Designed with versatility in mind, the home can be easily converted into a 4-bedroom layout, creating an excellent opportunity for additional roommates or increased rental income. A welcoming foyer sets the tone with room for a bench and a generous double-wide coat closet. Beyond, the open living and dining area is filled with natural light from oversized north- and east-facing windows, while soaring 8'9" ceilings and a wood-burning fireplace create a warm, inviting atmosphere perfect for relaxing or entertaining. The updated kitchen features freshly painted cabinetry, granite countertops, stainless steel appliances, and a breakfast bar for casual dining or gathering with guests. A conveniently located closet houses a full-size washer and dryer. The spacious dining room offers outstanding flexibility and can remain an elegant entertaining space or be easily enclosed to create a fourth bedroom-an ideal option for maximizing rental potential or accommodating a growing household. The primary suite serves as a peaceful retreat with a wall of east-facing windows, new mirrored sliding closet doors, and a private ensuite bath. The second and third bedrooms are generously sized, each with ample room for a bed, desk, and sitting area, making them perfect for roommates, guests, or today's work-from-home lifestyle. Elegant French doors add architectural charm to one of the bedrooms, while the recently renovated second bath features a new shower, modern vanity, and updated tile flooring. A rare live/work designation offers unmatched flexibility for professionals, creatives, and entrepreneurs, while the option to convert the home into a four-bedroom residence makes this property equally appealing as a primary home or investment. Residents enjoy weekday door staff (9 a.m.-5 p.m.), on-site management, and the distinctive character of one of Chicago's most celebrated historic buildings. Perfectly situated in the heart of the city, you're just moments from the Loop, the lakefront, shopping, acclaimed restaurants, nightlife, and public transportation. Located within the sought-after South Loop School boundaries and offering convenient access to major expressways, this home combines historic elegance, modern updates, and exceptional versatility in one remarkable residence. Whether you're looking for a spacious city home or an investment with strong income potential, this adaptable residence at the Manhattan Building offers the best of both worlds.

Amenities

Shared amenities included with the building.

  • Parking

Property details

The facts that decide a tour — straight from MRED.

Monthly costs
HOA$1,395 / mo
HOA includesWater, Insurance, Doorman, Exterior Maintenance, Scavenger, Snow Removal
Annual tax$7,799 (2023)
Rules & parking
ParkingOff Site, Leased, Detached, Garage
PetsCats OK

What it costs each month

Live estimate. Tax based on Cook County 2024 effective rate. HOA pulled from the listing.

$384,900
$
20%$76,980
6.85%
30 years
Principal & interest$2,018 / mo
HOA$1,395 / mo
Property tax (est.)$650 / mo
All-in monthly$4,063

Estimate. Real rate depends on your lender, credit, and reserves. We'll connect you to a Chicago-based broker once you tour.

Listing history

The MLS trail for this unit — list events and price changes only.

Jul 14, 2026 Listed for sale $384,900current

About 431 S Dearborn Street

A look at the building this unit is in.

431 S Dearborn Street— The Manhattan Building

Loop condo · 16 floors · built 1891
2 for sale · 1 for rent
For sale from $340K · rent from $2,200/mo
View the building

Where it is

FAQ

Where do these listings come from?

Straight from the Midwest Real Estate Data (MRED) MLS, refreshed regularly — the same listings your buyer's agent sees, no curated subset.

Can I work with Dibze to buy?

Yes. A licensed Chicago buyer's agent lines up tours, writes offers, and handles the close. The seller pays the commission, so it's free to you — and we rebate part of it back at closing.

Can I rent in this building?

If owners are leasing units, the For Rent tab shows them. These are individual condo owners listing through the MLS, so lease terms and pet rules vary by unit.

How is this different from Redfin or Zillow?

Same MLS feed, different model — we don't sell your contact info or turn every click into a lead. One Dibze condo expert handles your whole search and represents you, not the seller.

Similar units in this building

Other listings on the same line, same floor, or close in size.

Recently sold in this building

Last 12 months of closed sales at 431 S Dearborn Street — straight from MRED. For pricing context, not for tour.

Listed by Christopher Katsulis · THE NAV AGENCY · MLS #MRD12704193 · MRED
Mino Conenna
Mino Conenna
Licensed IL broker · Chicago condo specialist
Online now · replies in minutes

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