1547 N Dearborn Pkwy – vintage Chicago mansion for sale

Here’s my report on the vintage mansion for sale at 1547 N Dearborn Parkway in Chicago’s Gold Coast neighborhood. Request a showing online!

1547 North Dearborn Parkway, Chicago, IL 60610 Photo

1547 North Dearborn Parkway, Chicago, IL 60610


1547 N Dearborn Pkwy was built in 1891, just 20 years after the Great Chicago Fire and before the neighborhood was even called the Gold Coast.

According to an article in the Chicago Tribune in 1992 the French Renaissance limestone mansion was built for Dr. Otto L. Schmidt, a noted physician. For more details on the history of the home see N. Dearborn Mansion Goes On The Block.

It is the second largest home currently on the market in Chicago. It has 18,590 square feet of space. Only 1955 N Burling in Lincoln Park is larger with 20,000 square feet.

There are 4 levels including a basement. All levels are connected by an elevator and back stairway. A front stairway connects all levels except the top floor. There is a spiral staircase on the exterior as a fire escape.

The home has much of the original woodwork. One of the most notable features of the home are the original stained glass windows along the front stairway.

1547 N Dearborn Pkwy has 11 above ground bedrooms, 12 full bathrooms and 1 half bathroom. There are 9 fireplaces.

The main living area has a living room, dining room, library, solarium and kitchen. The kitchen is large with a stained glass skylight and fireplace.

The second floor has the master suite and one other bedroom. The third floor has the 9 other bedrooms. The lower level has it’s own entrace, bedroom and kitchen, so it can be used an an in-law apartment.

For more details and photos see
1547 N Dearborn

Showings require a minimum of 24 hours notice.



1547 N Dearborn Pkwy sits on nearly half an acre which is more than 3 standard Chicago lots. The yard space is mostly on the sides of the home and is beautifully landscaped. An 8 car garage is immediately behind the home. One of the buildings for the Latin School is adjacent to the south side of the lot. A high rise residential buildings is adjacent to the north side of the lot. There is an alley east of the lot with more high rise residential buildings on the other side of it.


1955 N BurlingLincoln Park$18,750,000
1516 N Lake Shore DriveGold Coast$17,000,000
924 N ClarkOld Town$15,000,000
1336 N StateGold Coast$14,500,000
1905 N OrchardLincoln Park$11,550,000
1547 N DearbornGold Coast$11,000,000
1879 N BurlingLincoln Park$9,975,000
1508 N StateGold Coast$8,950,000
2466 N LakeviewLincoln Park$8,695,000
1944 N HoweLincoln Park$8,600,000
542 W GrantLincoln Park$8,500,000
1322 N AstorGold Coast$7,200,000
2137 N KenmoreLincoln Park$6,195,000
1400 N AstorGold Coast$5,900,000
2141 N KenmoreLincoln Park$5,295,000
4151 N GreenviewLakeview$3,900,000
1352 N LaSalleOld Town$3,499,000
800 W BuenaUptown$3,299,000
338 W OakdaleLakeview$2,993,500
5820 N PaulinaEdgewater$2,200,000
6317 N KirkwoodSauganash$1,999,000
3214 S CanalBridgeport$1,874,999
4901 S KimbarkKenwood$1,350,000
4512 S DrexelKenwood$1,085,000
4805 S DrexelKenwood$945,000
7515 S ColesSouth Shore$150,000


Call us at 773-793-4516 or email us.


1547 N Dearborn Parkway is just south of North Avenue and Lincoln Park in the Near North Side. It’s 3 blocks west of Lake Shore Drive.

The home is located in the northernmost part of the Gold Coast. It’s just north and east of the buildings for the Latin School. It’s 7 blocks north of Ogden Elementary.

It’s 5 blocks from the fine dining restaurant, Pump Room. There’s a Potash Market 2 blocks away and a Treasure Island 4 blocks away.

1547 N Dearborn Pkwy has a Walk Score of 97, a Transit Score of 83 and a Bike Score of 77. There are multiple bus stops 2 blocks to the west and 3 blocks to the east. Multiple care sharing services are within 2 blocks. Both Red Line and Brown Line L stops are half a mile away. A Divvy bike sharing station is just 2 blocks away.


Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773-793-4516. Learn More