Residences At Grand Plaza

About the Building

This beautifully-constructed high-rise condo development was completed as recently as 2003 and offers all the modern amenities you need to live in comfort and style in the big city. The building, which is located at 545 N Dearborn in Chicago's popular River North neighborhood, has 283 separate units that are spread out over 39 floors. In addition to the well-maintained craftsmanship of the building, this attractive new building offers several different layouts with varying numbers of bedrooms and unit size.

On average, the residences in this building provide 694 square feet of living space. The choice of floorplans include anywhere from studio to 2 bedrooms, which can range in area from 132 square feet to 200+ square feet. But home isn't only about where you lay your head at night-the rest of the place is just as essential when looking for that perfect abode. The cook in the household will find the kitchens here are divine, covering 80 square feet of the entire unit. That's enough room to whip up a delicious five-course meal for the occasional dinner party, which can be hosted in the 243 square-foot dining room.

In addition to the unit basics, you'd probably like to know some of the figures behind the fundamentals - more specifically, what a place like this in the River North is going to cost. Of course, the numbers change depending on the particular unit, but the average listing price in the building is $286,900. The latest studio residence in the Residences at Grand Plaza to sell went for $275,193 in July of 2007. Now, on top of the asking price, it's important to think about the added expenses residents need to pay in taxes every year. For property in this building, the taxes generally cost between $1,500 and $4,000 annually, so factor that in when calculating that mortgage rate.