720 Dearborn Street, Loop, Chicago, Illinois 60605
$370,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 1,717 |
| Cost/Sqft: | $221 |
| Beds: | 2 |
| Baths: | 2 |
| Year Built: | 1916 |
| Property Taxes: | $8,506 |
| Days On Market: | 845 |
| Lot Size: | 0,00 |
Description
HUGE $20,000 PRICE DROP!!! This is an amazing price on a wonderful duplex loft in the heart of Printer's Row in the historic Franklin Building. It is ready for a quick close and immediate occupancy. At the southwest end of the building, it has 8 tall windows flooding 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. Entering through the small foyer is literally breathtaking because it opens to a two story loft space with double high ceilings. On the main floor is a full kitchen with white laminate cabinetry and stainless steel appliances. It is open to the main room with 4 tall windows. The end wall has exposed brick from floor to ceiling as do all the window walls in the unit. There is a bedroom with pocket doors off the main room. Flanking the opening to the bedroom are built-in floor to ceiling bookshelves. A half bath is near the front door as is a closet. Up the staircase is a huge open space with another 4 tall windows that could be the primary bedroom or an amazing office space or both. There is a hallway of double closets facing each other and a recently renovated porcelain tiled bathroom with a huge glassed-in shower stall with a tiled seat. The toilet here is in a separate compartment facing a newer front loading washer and dryer. The vanity has an under-mounted sink and a granite countertop and there is also a tall cabinet for extra bathroom storage. The possibilities are endless. 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 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 west to UIC and Rush. 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 2022's. EVERYTHING is included in the assessment except electric. That includes heat, endless hot water, air conditioning, high speed internet and basic cable from RCN.
Property Specifics
| Condos/Townhomes | |
| 13 | |
| — | |
| 1916 | |
| — | |
| DUPLEX LOFT | |
| No | |
| — |
| Cook | |
| Franklin Lofts | |
| 866 / Monthly | |
| — | |
| — | |
| — | |
| 11823625 | |
| 17164060321065 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
South Loop Elementary School |
299 | — | |
|
Middle School
South Loop Elementary School |
299 | Not in DB | |
|
Alternate High School
Jones College Prep High School |
— | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 2 Feb, 2024 | Sold | $370,000 | MRED MLS |
| 19 Dec, 2023 | Under contract | $380,000 | MRED MLS |
| — | Last price change | $400,000 | MRED MLS |
| 5 Jul, 2023 | Listed for sale | $400,000 | MRED MLS |
Room Specifics
Total Bedrooms: 2
Bedrooms Above Ground: 2
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: Separate Shower,No Tub
Bathroom in Basement: 0
Rooms: —
Basement Description: Partially Finished
Other Specifics
| 4 | |
| — | |
| — | |
| — | |
| — | |
| COMMON | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $8,506 |
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Listing Provided By
The Margie Smigel Group, LLC
