Chicago · Cook County · IL
Homes for sale in
River Plaza.
- Active listings
- 1
- Median list
- $260K
- Avg time on market
- 140 days
- Sold · last year
- 10
Active listings
1 home on the market
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About the community
A full-service condominium tower in the heart of River North.
River Plaza is a residential condominium tower at 405 North Wabash Avenue in Chicago's River North neighborhood, on the block between Kinzie and Hubbard just north of the main branch of the Chicago River and a block west of Michigan Avenue. Completed in 1977 and converted from rental apartments to condominiums in 1994, it is a classic late-1970s Chicago high-rise of mostly studios and one-bedrooms, with a smaller number of two-bedroom and larger top-floor homes. Its character is urban, full-amenity, and attainable relative to River North's newer luxury glass towers, and it is one of the more service-heavy addresses in the immediate area, steps from the Magnificent Mile, the Riverwalk, and the Loop.
At a glance
24-hour door staff
Full-service door staff and security, with on-site professional management (Community Specialists).
Indoor pool and health club
An indoor heated pool and whirlpool, a fitness center, and a common sun deck with city and river views.
River North high-rise
A 1977 tower of roughly 56 floors, with residences above the lower levels and six elevators.
Studios to two-bedrooms
Approximately 680 to 700 condominium units, from studios near 545 sq ft to two-bedrooms around 1,200 sq ft, plus a few larger top-floor homes.
Walk to the Mag Mile
One block from Michigan Avenue, two blocks from the Riverwalk, and steps from River North dining and galleries.
Chicago Public Schools
Served by CPS, with Ogden International commonly cited for K-8 and Wells Community Academy at the high school level. Confirm the attendance boundary with the CPS locator by address.
What’s close
River Plaza sits in River North at 405 N Wabash, one block from the Magnificent Mile and two blocks from the Chicago River and Riverwalk.
- Building amenities
- 24-hour door staff, an indoor heated pool and whirlpool, a fitness center, a common sun deck, and on-site management.
- Dining and shopping
- Steps to the Magnificent Mile and River North's restaurants, galleries, and nightlife, with the Riverwalk two blocks south.
- The Loop
- Just across the river from the Loop, the theater district, and Millennium Park.
- Schools
- Chicago Public Schools, with Ogden International commonly cited for K-8 and Wells Community Academy at the high school level. Confirm by address with the CPS locator.
- Transit
- Close to the CTA Red Line Grand station and numerous bus routes, with the Merchandise Mart a short walk west.
- Parking
- An attached heated indoor garage, with a mix of deeded and rental spaces, generally arranged separately from the residence.
What it’s actually like to live here
Living at River Plaza is about trading square footage for location and services. For the price of a modest condo, an owner steps out the door into one of the densest concentrations of restaurants, galleries, and nightlife in the city, with Michigan Avenue shopping one block away and the Loop a short walk across the river. The building's full-service package, 24-hour door staff, an indoor pool and whirlpool, a sun deck, and a fitness center, plus an assessment that bundles most utilities, makes it an easy lock-and-leave home. That mix suits first-time downtown buyers, busy professionals who want a doorman building without a luxury-tower price, pied-a-terre owners, and investors who value the walk-to-everything address.
The building lives like a full-service address should. Residents can swim year-round in the indoor pool, use the fitness center and sun deck, and count on door staff and on-site management, all a short walk from the CTA Red Line, the Riverwalk, and the Merchandise Mart. High floors deliver real river and skyline views, and because units have been individually owned and renovated since the 1994 conversion, many have updated kitchens and baths and large windows.
The honest tradeoffs are the tradeoffs of a large 1970s high-rise. Most homes are studios and one-bedrooms, so this is not a building for buyers who need three bedrooms or a yard, and floor plans and finishes vary widely by unit. As an older concrete tower with several hundred units, it carries the usual big-building realities: monthly assessments that reflect the amenity and utility load, periodic capital projects on facade, elevators, and mechanical systems, and the possibility of special assessments, all of which a buyer should review through the reserve study and budget. Parking is not automatically included with every unit. For buyers who prioritize location, walkability, and a full-service lifestyle over new construction and large floor plans, River Plaza is a durable, attainable foothold in one of Chicago's best-connected neighborhoods.
The questions buyers actually ask
River Plaza FAQ
The questions I get most from buyers shopping River Plaza. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- River Plaza is a full-service condominium tower, so the monthly assessment is a central part of ownership and tends to look higher at first glance because it absorbs utilities an owner would otherwise pay separately. Per listing summaries the assessment commonly bundles heat, air conditioning, water, cable and internet, common insurance, door staff and security, the pool and fitness center, exterior maintenance, snow removal, and trash. Exact figures vary by unit size and floor and change over time, so confirm the current assessment for a specific unit, and review the reserve study and any special-assessment history for this older building. Parking is a mix of deeded and rental, so confirm the parking arrangement per unit.
- What are property taxes like?
- Roughly $3,500 – $6,000 per year, depending on home size and value. Cook County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was River Plaza built?
- Gordon and Levin (architect); completed 1977, converted to condominiums in 1994 built the community between 1977 and 1977. Gordon and Levin (architect); completed 1977, converted to condominiums in 1994 stopped new construction in 1977, so every sale today is a resale.
- What's the typical closing timeline?
- 45 to 90 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 90.
- Is River Plaza a condo building?
- Yes. River Plaza at 405 N Wabash was completed in 1977 and converted from rental apartments to condominiums in 1994. Because many units are individually owned, you will see both for-sale condos and for-rent listings in the building.
- What kinds of units does it have, and how big are they?
- Mostly studios and one-bedrooms, with a smaller number of two-bedroom units and a few larger top-floor homes. Studios generally run around 545 to 725 sq ft, one-bedrooms around 725 to 950 sq ft, and two-bedrooms around 1,200 sq ft. Confirm the exact size on any specific listing.
- What do the monthly assessments cover?
- Assessments are full-service and, per listing summaries, typically include heat, air conditioning, water, cable and internet, door staff and security, the pool and fitness center, common insurance, exterior maintenance, snow removal, and trash. The exact amount varies by unit and changes over time, so confirm it on the specific listing.
- Is parking included, and is it deeded or rented?
- It varies by unit. The building has an attached heated garage with a mix of deeded and rental spaces, so confirm for a specific unit whether parking is included, available to buy, or rental only.
- What schools serve the building?
- River North is served by Chicago Public Schools, with Ogden International commonly cited for K-8 and Wells Community Academy at the high school level, plus citywide magnet and selective-enrollment options. Attendance boundaries change, so confirm your exact unit's assignment with the CPS school locator by address.
- What do units cost and how is the market right now?
- River Plaza is one of the more attainable ownership options in River North, especially for studios and one-bedrooms. For current, accurate numbers, see the live Market snapshot on this page rather than any fixed figure.
- Who is the real estate agent for River Plaza?
- Joe Keegan is the local licensed Illinois real estate broker who covers River Plaza in Chicago, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for River Plaza specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows River Plaza
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Chicago specialist
- Honest local market take
- Brokerocity
Market snapshot
River Plaza, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$260,000
Typical sale price · last 90 days
$275,000
Homes for sale right now
1
Avg time on market
140 days
Sold in the last year
10
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 10, 2025 through August 10, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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Schools serving River Plaza
Where River Plaza homes go to school
Homes in River Plaza are most often zoned to Wells HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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