See Home Value
$6,133,356*
House - Off Market

1401 N Dearborn Street

Chicago, IL 60610
bedrooms
5 Beds
bathrooms
9 Baths, 3 Half Baths
square feet
8650 Sqft
$5,396,000 - $6,594,000
Reference Base Price*
2.31%
Since May 1, 2023
IL-Chicago
Primary Model
Sold Apr 12, 2023
$5,650,000

About This Property

Once in a lifetime opportunity to own an architecturally significant, 8,650-square-foot historic mansion in the heart of the Gold Coast. Located on an amazing, 30'x132' corner lot with spectacular southern exposure for natural light, the McConnell House was originally constructed in 1877 by architect Asa Lyon and, later, meticulously renovated for modern living. From the Queen Anne flourishes across its two stone porches to the carved, terracotta plaques that adorn the brick, this 5 bed/9 bath home's exterior masonry is beyond exquisite. Inside, an unsurpassed level of material selection and finish detail is evident across every room, beginning with a foyer that flaunts marble floors, tall ceiling heights and flawlessly restored original millwork. The main level's front-of-the-house living/entertaining footprint continues with a grand staircase, a large receiving salon and parlor with herringbone hardwood floors and a fireplace, a French Rococo-style formal dining room with crystal chandelier and statement gilding, and a presentation-worthy chef's kitchen with solid wood cabinets, hammered copper sinks, marble countertops, professional-grade appliances and a built-in breakfast nook. But there's more: in recent times, Chicago architect Richard Nelson was commissioned for an epic remodel of the home's back addition which was originally added in the 1920s. Taking his cues from the S.S. Normandie (a swank, French liner that made its maiden voyage in 1935), this section of the house features art deco lines and moderne motifs, and encompasses a massive great room with high ceilings, a burlwood-and-marble-fronted fireplace and gilt wrought-iron window gates from the Normandie, not to mention a handsome library/media room and a deco-inspired back staircase that forms an ante chamber to the salon. Upstairs, the second level presents 3 spacious, secondary bedrooms with en suites, including a fabulously private guest suite, plus a luxurious primary suite with a custom, walk-in closet and an absolutely stunning, marble-clad, en-suite bath with a glass, walk-in shower and an oversize soaking tub that's set by the windows. The top floor reveals a stained-glass skylight above the stairs that affords endless natural light, an expansive office with tall dormers, a marble-topped wet bar, a conservatory, a sun room, and a formidable roof deck. Additional living spaces and amenities include a lower-level wine cellar with tasting/dining room, a game room, a home gym, a rear foyer/mudroom, an all-floors elevator, 4 statement fireplaces throughout, and an attached 2-car garage. Further design details include custom millwork, restored stained glass, period-specific pendants and sconces, custom window treatments and professional landscaping. Walking distance to Lincoln Park, Oak Street Beach, Division Street Farmers Market and world-class shopping and dining along the Mag Mile, 1401 N. Dearborn St. is a true Chicago treasure for the homeowner who wants nothing but the best.

The manager has listed the unit size as 8650 square feet.
Unit Size
8,650Ft²
Days on Market
-
Land Size
-
Price per sqft
$693
Property Type
House
Property Taxes
$7,660
HOA Dues
-
Year Built
1910

Price History

Date / Event Date Event Price
Apr 12, 2023 No longer available -
No longer available
Apr 12, 2023 Sold $5,650,000
Sold
Nov 8, 2022 In contract -
In contract
Sep 12, 2022 Listed $5,995,000
Listed

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Slate
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,960
  • Total Building Area: 5,808
  • Gross Building Area: 5,808
  • Building Area: 5,808
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 5,808
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CATHOLIC BISHOP OF CHICAGOS
  • Land Acres: 0.091
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE (CATHOLIC)(BISHOP) OF (CHICAGOS) SUB OF LT13 IN B RONSONS ADD TO CHGO IN NE SEC 04-39-14

Ownership

  • Current Owner : ROSEWOOD RESIDENTIAL LLC
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 080201

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 02S-31-02
  • District: 74
  • Parcel: 17-04-211-017-0000
  • Lot: 13
  • Meridian: SEC 04 TWN 39N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.9079
  • Longitude: -87.6297

    Address

  • Full Address: 1401 N Dearborn St
  • Address - House Number: 1401
  • Street Direction: N
  • Address - Street Name: Dearborn
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C089
  • 4-Digit Zip Code: 1505
  • Zip Code: 60610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $83,622
  • Tax Rate Code Area: 74002

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 3,253,862
  • High Value: 3,744,984
  • Low Value: 2,762,739

    Market Valuation

  • Market Total Value: $4,065,600
  • Market Land Value: $990,000
  • Market Improvement Value: $3,075,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $406,560
  • Assessed Land Value: $99,000
  • Assessed Improvements Value: $307,560

    Sales

  • Current Sale Contract Date: Apr 10, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Transaction ID: 11904976482
  • Current Sale Price: $5,650,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 55042



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
7 Baths
9,672 ft²
$723/ft²
$6,990,000 Apr 8, 2023
-
$13,547/mo
House
4 Beds
6 Baths
8,100 ft²
$802/ft²
$6,495,000 Apr 12, 2023
-
$18,360/mo

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Frequently Asked Questions

When was property at 1401 North Dearborn Street built and last sold?
The property at 1401 North Dearborn Street was built in 1910 and last sold on Apr 10, 2023 for $5,650,000.
How much is this home worth?
The estimated value of the home located at 1401 North Dearborn Street is $6,054,950.
What are some comparable homes to 1401 North Dearborn Street?
There are currently no comparable homes to 1401 North Dearborn Street.

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