720 Dearborn Street, Loop, Chicago, Illinois 60605
$320,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 1,400 |
| Cost/Sqft: | $232 |
| Beds: | 1 |
| Baths: | 2 |
| Year Built: | 1916 |
| Property Taxes: | $6,638 |
| Days On Market: | 847 |
| Lot Size: | 0,00 |
Description
Beautiful finished 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, so they will still have many years of life in them. A massive built-in open shelved bookcase extends from floor to ceiling on the north wall. The open kitchen is contemporary with wood cabinets, granite countertops and full appliances. Both the half bath and the full bath have been updated and ceramic tiled. The full bath has a glass enclosed shower with a tiled seat and a double undermounted sink vanity with granite countertop. The toilet is in a separate compartment which also includes the front loading laundry machines and storage shelving. Between the kitchen and the full bath is a hallway lined with closets on both sides. One of the double closets has extensive closet built-in cabinetry with drawers, open shelves and hanging rods. There is a large walk-in closet with one wall lined with built-in cabinetry with drawers. Opposite the cabinet is the door to a private bedroom with 3 large windows. The 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. The walls and ceilings have just been carefully skimcoated and painted and all the trim and doors have been repainted so it is in move-in condition just the way it is. 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. 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 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 beginning in 2020. 2023 assessments are 8.38% LESS than last year's. EVERYTHING is included in the assessment except electric. That includes high speed internet and basic cable from RCN. Please note that the virtual tour includes unit 206 which is on the market as a separate listing or can be purchase with this unit 204 for a different price.
Property Specifics
| Condos/Townhomes | |
| 13 | |
| — | |
| 1916 | |
| — | |
| LOFT | |
| No | |
| — |
| Cook | |
| Franklin Lofts | |
| 713 / Monthly | |
| — | |
| — | |
| — | |
| 11822530 | |
| 17164060321063 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
South Loop Elementary School |
299 | — | |
|
Middle School
South Loop Elementary School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 31 Jul, 2023 | Sold | $320,000 | MRED MLS |
| 8 Jul, 2023 | Under contract | $325,000 | MRED MLS |
| 3 Jul, 2023 | Listed for sale | $325,000 | MRED MLS |
| 20 Oct, 2025 | Sold | $385,000 | MRED MLS |
| 26 Sep, 2025 | Under contract | $399,000 | MRED MLS |
| 17 Sep, 2025 | Listed for sale | $399,000 | MRED MLS |
Room Specifics
Total Bedrooms: 1
Bedrooms Above Ground: 1
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: Separate Shower,Double Sink,No Tub
Bathroom in Basement: 0
Rooms: —
Basement Description: Partially Finished
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| COMMON | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $6,638 |
| 2025 | $6,965 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
The Margie Smigel Group, LLC
