720 S Dearborn Street #504, Chicago IL 60605
$399,000

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Property Description

Lovingly designed loft space in the heart of Printer's Row in the historic Franklin Building. 9 tall windows (3 of them in the bedroom) flood the place with afternoon sunshine. Wide open traditional loft space with high ceilings, exposed brick, concrete pillars and beams and genuine oak floors dating from the condo conversion in 1989. Because the building was created for printing presses, the subfloors are thick concrete so you will never hear anyone from above or below. The loft has been fitted out with an amazing amount of storage. Massive built-in open shelved bookcases extend from floor to ceiling on the entire south wall of the living room. There is another floor to ceiling bookcase on the east wall as well as two floor to ceiling storage closets. Along the north wall are closets for coats and shelving. A wonderful banquette with room for baskets beneath is tucked into the window wall on the northwest corner of the room creating a cozy spot for eating or curling up in the afternoon sunshine with a book. Remote controlled shades and lighting installed in 2023. The contemporary open kitchen has wood cabinets, granite countertops, distinctive backsplash tiles and SS appliances including a new (2025) range and dishwasher. Both the half bath and the full bath have been updated. The full bath has a glass enclosed shower with a pebble stone wall and a double vanity with 2 Mexican handcrafted sinks. The toilet is in a separate compartment which also includes the front loading laundry machines. The fully private bedroom has 3 large windows, floor to ceiling closets and more bookshelves. The powder room has a full wall and backsplash of hand crafted Mexican tiles and a Mexican sink set in a unique wood slab counter. Possibilities are endless in this airy condominium. Because there are so many windows with frontage on the street, more rooms could be created or reconfigured. There are no structural walls because of the concrete pillars and beams. For those who live on this special block of the city, there is nowhere 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 DuSable 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 or head west and be at the UIC campus and its nearby hospitals even sooner. 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. Parking garages and a parking lot surround this building. The parking offered would be offsite and leased separately, but you'll rarely have to use a car. There is a bike room in the basement next to the coin laundry which is available to use if you have bulky items. The building engineer is competent and friendly, 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. The reserve is at $1,100,000 and there hasn't been a special assessment in over 25 years. EVERYTHING is included in the assessment except electric. That includes high speed internet and basic cable from Astound. The building is about to embark on a renovation of the hallways and foyer to address its modern needs (larger package room for post-pandemic deliveries) while enhancing its very special vintage character

Features & Information

Key Details

  • List Price $399,000
  • Property Taxes $5,333
  • Assessments/HOA $720
  • Assessments/HOA frequency Monthly
  • Assessments/HOA Fee Includes Heat, Air Conditioning, Water, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
  • Square Feet 1287
  • Year Built 1916
  • Listing Market Time 6
  • Status Contingent

Rooms

  • Total Rooms 4
  • Number of Bedrooms 1
  • Number of Bathrooms 1.1
  • Primary Bedroom

  • Room Size 10X15
  • Floor Level Main
  • Flooring Hardwood
  • Primary Bathroom Full,Double Sink,Shower Only
  • Living Room

  • Room Size 20X28
  • Floor Level Main
  • Flooring Hardwood
  • Dining Room

  • Room Size 13X17
  • Floor Level Main
  • Flooring Hardwood
  • Kitchen

  • Room Size 8X10
  • Floor Level Main
  • Flooring Hardwood

Additional Rooms

  • Foyer

  • Room Size 4X10
  • Floor Level Main
  • Flooring Hardwood
  • Laundry

  • Room Size 3X3
  • Floor Level Main
  • Flooring Ceramic Tile

Interior Features

  • Appliances

  • Appliances Included Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Electric Cooktop, Electric Oven
  • Heating & Cooling

  • Heating Type Forced Air, Baseboard
  • Air Conditioning Central Air, Electric
  • Fireplace

  • # of Fireplaces 0

Exterior Features

  • Parking

  • # of Cars 4

Building Information

  • Number of Units 59
  • Age of Building 100+ Years
  • Common Area Amenities Sidewalks, Street Lights
  • Exposure West
  • Pets

  • Pets Allowed? Cats OK, Dogs OK, Number Limit, Size Limit

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property Dearborn Is Between State And Clark And Runs One-way North From Polk (800 South). The Building Is On The West Side Of The Street Just North Of The Two Story Restaurant On The Corner. There Are Flasher 15 Minute Parking Spaces Out Front And Across The Street
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District 299
  • Property Taxes

  • Tax 5332.76
  • Tax Year 2025
  • Tax Exemptions Homeowner,Senior
  • Parcel Identification Number 17164060321047

Listed by Margie Smigel for The Margie Smigel Group, LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/20/2026 6:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Printers Row

A quiet, chic urban area with zero pretentiousness, Printers Row has seen new lofts, condos, bars, restaurants and shops pop up over the years, yet nothing seems to take away from the literary vibe that was and will always beat the heart of this historic Chicago neighborhood. As you might imagine, book dealers are abundant in this section of town. Rare works, university texts, literary classics and everything in between can be found at these long-established storefronts that epitomize the underlying foothold of Printers Row. Each year, shop owners and residents take it up a notch when the annual book fair closes off the neighborhood streets to welcome booksellers, small presses and literary organizations from across the country.

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