720 S Dearborn Street # 501 Chicago, IL
$ 310,000
Property Attributes
  • MLS#10961491
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Loop
  • NeighborhoodPrinters Row
  • Zip60605
  • StyleCondo,Condo-Loft,Flat
  • Year Built1916
  • Taxes6092
  • Price$ 310,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage1400
Listing Provided Courtesy Of:
The Margie Smigel Group, LLC
Data Source:
Midwest Real Estate Data LLC
Property Description

Big price reduction! Don't wait! After the slumbering in the city caused by the pandemic of 2020, the Loop will be reawakening soon with a new vigor. With virus tamed, people will be returning in droves to the downtown of Chicago to theaters, museums, nightlife, restaurants and shops. Workers will return to offices, and festivals will return to Millennium and Grant Parks. Some call it the premier loft building in Printer's Row. Tourists and architecture buffs can be found outside admiring the beautiful decorative polychrome terra cotta ornamental tile murals inlaid in the decorative brick of the facade. Built at the turn of the last century when Chicago was entering a new bold era, the Franklin Building was built to house printing presses and did so until the mid 1980's. The thick concrete floors that separate the units were built for the pounding of the presses, so now the residents can sleep soundly with no noise from above or below. There are 8 tall and wide windows spanning the length of the home, flooding it with morning sunshine. The views are unique to this neighborhood. Tall powerful vintage buildings tower over the street creating a cityscape all its own. That's why so many TV shows & films use the street as a location. This unit clears the tree tops so there is great light and vistas. Exposed brick and unique multiple sided pillars create a muscular feel to the unit. A poured concrete countertop creates a bar at the kitchen reaching out to the dining room. The master bedroom is surprisingly wide and deep with 2 good size closets. The 2nd bedroom easily accommodates a queen size bed. The tiled main bath has a deep and wide whirlpool bath (jets not currently working), sliding glass doors and a double sink vanity. The washer and dryer are in a closet in the bathroom. The half bath is off the entrance foyer. The kitchen is an efficient galley with an opening to the dining room. The ceilings are high, the space feels vast, and there are endless ways to make it your own. For those who live on this special block of the city, there is no where else they'd rather be. It is in the center of the transportation hub of the metropolis. All of the CTA train lines have stops within 2 blocks of the building. There is a Red Line stop right outside on Polk. It's easy access to all of the highways from Ida B Wells Drive just 2 blocks north including easy access to Lake Shore Dr. Buses stop across the street. The neighborhood is brimming with restaurants, bars & shops. It's an easy walk or roll to Grant Park, Buckingham Fountain, Millennium Park, the museums, theaters, universities, and all of the shopping and eating in the Loop. You can head south and be at the University of Chicago and its hospitals in minutes. Big box shopping is available just south on Roosevelt Road as are movie theaters and more places to stroll and eat. Walk Score says it's a walker's and public transportation rider's paradise. The vaunted 2-way protected bike path that runs all the way through the Loop and over the river begins outside the front door for easy commuting on 2 wheels. A charming farmers market brings the neighborhood together on Saturday mornings, but you can easily bike to the major downtown farmer's markets at the Federal and Daley Plazas. There is a bike room in the basement next to the coin laundry which is available to use if you have bulky items. The janitor is competent, and the management company is miraculously accessible. There is a large service elevator that opens to the street for easy move-in and out that recalls its days of hauling heavy loads of paper. This building is carefully run by an attentive board and management. They have so successfully completed the most recent improvements to the building that they were able to LOWER the assessments for 2020 & 2021. EVERYTHING included in the assessment except electric. We have a rental garage space ($230/mo) available nearby, but you'll rarely have to use a car.

Price History
1/2/2021 Listed $330,000
2/11/2021 7% - $310,000

General Features

Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Association Amenities Bike Room/Bike Trails, Coin Laundry, Elevator(s), On Site Manager/Engineer, Security Door Lock(s), Service Elevator(s)
Association Fee Includes Heat, Air Conditioning, Water, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
Contingency Financing
Cooling Central Air
Electric Circuit Breakers, 100 Amp Service
Elementary School District 299
Exterior Features Storms/Screens, End Unit, Cable Access
Garage Spaces 1
HOA Fee 805
HOA Fee Frequency Monthly
Heating Natural Gas, Forced Air, Indv Controls
High School District 299
Interior Features Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Laundry Hook-Up in Unit
Middle/Junior School District 299
New Construction No
Ownership Condo
Pets Allowed Cats OK, Dogs OK
Property Type Residential
Property Type Attached Single
Roof Rubber
Sewer Public Sewer, Sewer-Storm
Standard Status Active Under Contract
Subdivision Name Printers Row
Tax Annual Amount 6092.07
Total Rooms 5
Township South Chicago

Interior Features

Basement None
Basement None
Bathrooom Whirlpool, Double Sink
Bedroomspossible 2
Full Baths 1
Half Baths 1
Kitchen Eating Area-Breakfast Bar, Galley
Laundry Features Electric Dryer Hookup, In Unit, In Bathroom, Laundry Closet
Room Type No additional rooms
Total Baths 2
Total Bedrooms 2
Window Features Double Pane Windows, Shades

Exterior Features

Door Features 36 Minimum Entry Door
Exterior Brick, Stone, Other
Garage Onsite No
Garage Ownership Fee/Leased
Garage Type Detached
Lot Dimensions COMMON
Water Source Lake Michigan, Public
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Dining Room COMBO Main Level Hardwood
Family Room Not Applicable
Living Room 16X33 Main Level Hardwood
Master Bedroom 12X16 Main Level Hardwood


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60605

AVG $400K
AVG $7,565
AVG 71
Year Built
AVG 1977
AVG 93
Data Provided by Walkscore ® not using MLS data

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