The Terraces at Dearborn Park stands as a prominent fixture in Chicago's vibrant South Loop neighborhood. Completed in 1982, this 12-story condominium building houses 220 units, offering residents a blend of urban convenience and community living. Situated at the edge of Printer's Row, the building provides easy access to the cultural and commercial offerings of downtown Chicago while maintaining a sense of neighborhood charm. The Terraces at Dearborn Park caters to those seeking a central location with a variety of living spaces, from cozy one-bedrooms to spacious four-bedroom units.
Versatile layouts with modern touches and city views
The Terraces at Dearborn Park offers a diverse range of floor plans to suit various lifestyles. Units range from compact 715-square-foot one-bedrooms to expansive 2,000-square-foot four-bedroom homes. One-bedroom units, priced from $165,000 to $260,000, feature updated kitchens with granite countertops and stainless steel appliances. Many of these units boast large windows that flood the living spaces with natural light, some offering views of Grant Park and Lake Michigan.
Two-bedroom units, spanning 750 to 1,691 square feet, are available with one to two and a half bathrooms, priced between $250,000 and $415,000. These homes often include split floor plans for added privacy, spacious walk-in closets, and updated bathrooms with modern fixtures. Some two-bedroom units feature private terraces, perfect for enjoying the Chicago skyline or relaxing outdoors.
For those requiring more space, three-bedroom units offer approximately 1,600 square feet of living area with two bathrooms. The rare four-bedroom units, around 2,000 square feet with three bathrooms, are priced at about $420,000, providing ample room for larger families or those who desire extra space for home offices or guest accommodations.
Many units throughout the building have been thoughtfully renovated, featuring hardwood or engineered wood flooring, updated lighting fixtures, and modern finishes. Kitchens in renovated units often showcase quartz or granite countertops, custom cabinetry, and high-end appliances. Bathrooms have been updated with elegant tile work, glass shower enclosures, and contemporary vanities.
Large windows are a common feature across all unit types, with some offering breathtaking views of the Chicago skyline, Dearborn Park, or Lake Michigan. Many units also include in-unit washers and dryers for added convenience.
Monthly HOA fees range from $500 to $1,000, covering water, insurance, exterior maintenance, lawn care, scavenger services, and snow removal. This comprehensive fee structure ensures that residents can enjoy a well-maintained living environment without the hassle of managing these essential services themselves.
Comfort and convenience in a well-managed community
The Terraces at Dearborn Park offers a range of amenities designed to enhance residents' daily lives. The building features a welcoming lobby, recently renovated to provide a modern and inviting entrance. A community room serves as a gathering space for residents, perfect for social events or meetings. For those who enjoy outdoor relaxation, a beautifully landscaped courtyard provides a tranquil retreat within the urban setting.
The building includes a bike room, catering to the needs of cycling commuters and recreational riders alike. For added convenience, a laundry room is available for residents who prefer not to have in-unit laundry facilities.
Security is a priority at The Terraces, with a part-time door person on duty during evening hours and a 24/7 security camera system in place. The building is further secured with keyed entry access. On-site management and maintenance staff ensure that the property is well-maintained and that residents' needs are promptly addressed.
Storage solutions are plentiful, with each unit assigned a storage locker on the first floor. Additional storage options are available for residents who require extra space. The building also features a party room, ideal for hosting gatherings or celebrations without the constraints of individual unit sizes.
For those with vehicles, the building offers garage parking spaces available for rent or purchase. This is a valuable amenity in an area where street parking can be challenging.
The Terraces at Dearborn Park maintains a pet-friendly policy, allowing residents to share their homes with their furry companions. This, combined with the building's proximity to nearby parks, makes it an attractive option for pet owners.
A vibrant urban locale rich in culture and convenience
The Terraces at Dearborn Park is situated in the heart of Chicago's South Loop, a neighborhood known for its perfect blend of historic charm and modern urban living. This area, which includes the famous Printer's Row, is characterized by its tree-lined streets, well-maintained sidewalks, and an abundance of green spaces unusual for such a central urban location.
Residents of The Terraces enjoy easy access to some of Chicago's most iconic attractions. Grant Park, often referred to as "Chicago's front yard," is just a short walk away, offering vast green spaces, walking paths, and hosting major city events like the Taste of Chicago and Lollapalooza. The park is also home to Buckingham Fountain, a magnificent centerpiece and popular tourist attraction.
Culture enthusiasts will appreciate the proximity to world-class museums. The Art Institute of Chicago, one of the oldest and largest art museums in the United States, is within walking distance. The Field Museum, Shedd Aquarium, and Adler Planetarium, all part of the Museum Campus, are also nearby, providing endless opportunities for learning and exploration.
For everyday needs, the neighborhood is well-served by a variety of shopping options. Grocery stores such as Trader Joe's, Jewel-Osco, and Mariano's are all within easy reach, ensuring residents have multiple choices for their food shopping. The Roosevelt Collection Shops, a modern open-air mall, is just a short walk away, featuring popular retailers, a movie theater, and a variety of dining options.
Food lovers will find themselves spoiled for choice in the South Loop. The area boasts an eclectic mix of dining establishments, from casual eateries to fine dining restaurants. Local favorites include Yolk for brunch, Flacos Tacos for quick Mexican bites, and Tapas Valencia for Spanish cuisine. For those who enjoy a good cup of coffee, Hero Coffee Bar is a neighborhood staple.
The South Loop is also home to several higher education institutions, including Columbia College Chicago and Roosevelt University, contributing to the area's youthful and dynamic atmosphere. This educational presence adds to the neighborhood's cultural vibrancy and provides opportunities for lifelong learning.
For outdoor enthusiasts, in addition to Grant Park, the neighborhood offers several smaller green spaces. Dearborn Park, the building's namesake, provides a tranquil spot for relaxation or a quick game of frisbee. Nearby Printer's Row Park, with its circular lawn and water feature, offers a charming urban oasis.
The historic character of the area is preserved in landmarks like Dearborn Station, one of the oldest train stations in the United States, now repurposed for commercial use. This blend of old and new gives the South Loop its unique character, making it an attractive place to call home for those who appreciate urban living with a sense of history.
Unparalleled connectivity in a transit-rich environment
The Terraces at Dearborn Park boasts an enviable location when it comes to transportation options, making it an ideal choice for commuters and those who prefer to explore the city without a car. The building's central position in the South Loop provides residents with easy access to multiple modes of public transit, as well as major roadways for those who drive.
For rail commuters, the Chicago Transit Authority (CTA) "L" train system is readily accessible. The Harrison Station on the Red Line is just a short walk from the building, providing quick access to the Loop, North Side, and South Side. The Roosevelt Station, serving the Green and Orange Lines, is also within walking distance, offering additional routes and connections. For those needing to access O'Hare International Airport, the Blue Line's LaSalle Station is a brief walk away.
Bus transportation is equally convenient, with several major routes stopping near the building. The State & 9th Street bus stop, served by multiple lines including the Archer, Inner Lake Shore/Michigan Express, and State Street buses, is just steps away. This provides easy access to various parts of the city, including the Loop, Magnificent Mile, and Museum Campus.
For those traveling beyond the city, Metra commuter rail service is available at the nearby LaSalle Street Station, offering routes to Chicago's south suburbs. This station is particularly convenient for residents who work in the financial district or need to travel to the southern parts of the metropolitan area.
Cyclists will appreciate the building's bike-friendly amenities, including a secure bike room for storage. The neighborhood's flat terrain and dedicated bike lanes make cycling a viable option for both commuting and leisure. The nearby Lakefront Trail offers miles of scenic biking along Lake Michigan.
For car owners, The Terraces at Dearborn Park offers the convenience of on-site garage parking, available for rent or purchase. This is a significant advantage in an area where street parking can be challenging. The building's location also provides easy access to major thoroughfares like Lake Shore Drive, offering quick routes to other parts of the city and the suburbs.
When it comes to air travel, both of Chicago's major airports are easily accessible. Midway International Airport is about a 20-minute drive away, while O'Hare International Airport can be reached in approximately 30 minutes by car or via the Blue Line "L" train.
The neighborhood's high walkability means that many daily errands and activities can be accomplished on foot, reducing the need for transportation altogether. From grocery shopping to dining out, many amenities are just a short stroll away, making The Terraces at Dearborn Park an excellent choice for those who prefer an active, urban lifestyle.
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Quantarium
Current List Price
Sold Price
Area Factors
High Crime
Crime Score®
9/ 10
Biker's Paradise
Bike Score®
90/ 100
Walker's Paradise
Walk Score®
99/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Dearborn Park
3 min walk
Trails
Playground
Multi-Purpose Field
Printers Row Park
3 min walk
Trails
Roosevelt Park
7 min walk
Picnic Area
Tennis
Trails
Pritzker Park
7 min walk
Picnic Area
Trails
Multi-Purpose Field
Mary Richardson Jones Park
8 min walk
Playground
Multi-Purpose Field
Southbank Riverwalk
11 min walk
Picnic Area
Trails
River
Buckingham Fountain
13 min walk
Grant Park
13 min walk
Bike Trails
Picnic Area
Trails
Daniel Webster Park
14 min walk
Trails
Multi-Purpose Field
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Disclaimer: Please note that this building may not be in these schools' attendance zones.
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