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MLS #10778093

720 S Dearborn Street 501, Chicago IL, 60605
printers row Loft

Bed: 2 | Bath: 1.1 | Tax: $6,092 | HOA: $955

For Sale: $345,000


Mortgage Starting At: $0/month Estimate Payment

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    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 charming, 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 in and out. 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. There are parking garages and lots abundantly available nearby. But you'll rarely have to use a car unless you commute out to the burbs. Gyms of all stripes are all around. It's great to live where the snow is cleared immediately during the winter and blossoms cascade from hanging planters on the light posts. You get a chance to see your tax dollars at work. Wonderful neighborhood. EVERYTHING included in the assessment except electric. Healthy reserves over $1,100,000. Wonderful building. Wonderful condo.

    Features and Information

    Property Information

    • List Price: $345,000
    • Tax: 6092.07
    • Assessments: 955
    • Square Feet: 1400
    • Market Time: 35
    • Status: Active
    • Property: -
    • Type: Loft
    • Built: 1916
    • Garage Spaces: -
    • Dimensions: COMMON

    Property Location

    • Address: 720 S Dearborn Street 501
    • Unit: 501
    • Unit Floor Level: 5
    • City/State: Chicago
    • ZIP: 60605
    • MLS Area: CHI - Loop
    • County: Cook
    • PIN #: 17164060321044


    • Heat: Gas,Forced Air,Indv Controls
    • Air Conditioning: Central Air
    • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
    • Amenities: -
    • Features: -
    • Parking: None
    • Age: 100+ Years
    • Style: -
    • Exterior: Brick,Stone,Other
    • Exposure: E (East),City
    • Assessments Include: Heat, Air Conditioning, Water, Common Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet Access


    • Total Rooms: 5
    • Bedrooms: 2
    • Bathrooms: 1.1
    • Master Bedroom: 12X16
    • Bedroom 2: 10X10
    • Bedroom 3: -
    • Living Room: 16X33
    • Dining Room: COMBO
    • Kitchen: 10X10
    • Basement Bath: 8X14
    • Master Bath: N
    • Foyer Size: 10X10

    Copyright 2020 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Map of 720 S Dearborn Street 501, Chicago IL, 60605

    Sales History For 720 S Dearborn Street 501

    Date Event Price
    Sep 06, 2018 Closed MRED #08871695 $285,000
    May 29, 2013 Closed MRED #08312969 $245,103

    Learn More About Printers Row

    Listed by Margie Smigel - The Margie Smigel Group, LLC Realtors Source: MRED

    Properties Surrounding 720 S Dearborn Street 501

    Schools In The printers row Area

    See grade levels, address, and scores for schools in the printers row area.

    School Type Grade Rating

    Young Magnet High School

    211 South Laflin St - public

    Middle - High 7-12

    Salazar Elementary Bilingual Center

    160 West Wendell Street - public

    Preschool - Middle PK-8

    Galileo Elementary Math & Sci Schol Acd

    820 South Carpenter St - public

    Elementary - Middle K-8

    National Teachers Elementary Academy

    55 West Cermak Road - public

    Preschool - Middle PK-8

    Chicago International Charter School

    11 E Adams St Ste 600 - charter

    Preschool - High PK-12

    De La Salle Institute

    3455 S Wabash Ave - private

    High 9-12

    Daystar School

    1550 S. State Street - private

    Preschool - Middle PK-8

    Old St. Marys School

    1474 S. Michigan Ave - private

    Preschool - Middle PK-8

    Jane Addams High School

    1814 S Union Ave - private

    High 9-12

    Village Leadership Academy

    800 S Wells St Ste 90 - private

    Preschool - Middle PK-7

    British International School of Chicago, South Loop

    161 W. 9th Street - private

    Preschool - High PK-12

    Pilsen Elementary Community Academy

    1420 West 17th St - public

    Preschool - Middle PK-8

    Jungman Elementary School

    1746 South Miller St - public

    Preschool - Middle PK-8

    Jones College Prep High School

    700 South State Street - public

    High 9-12

    St Therese School

    247 West 23rd Street - private

    Preschool - Middle PK-8

    St Procopius School

    1625 South Allport Street - private

    Preschool - Middle PK-8

    Renaissance Preparatory School

    719-721 S State St - private

    Elementary, High 4, 10-12

    Bennett Day School

    955 W Grand Ave - private

    Preschool - High PK-12

    Lawrence Hall-Lakewood

    65 East Wacker Place - private

    Elementary - High n/a

    City Of Chicago School District 299

    125 South Clark St -

    Preschool - High PK-12

    School data provided by GreatSchools.School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. GreatSchools Ratings provided by GreatSchools.org.

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