720 Dearborn Street, Loop, Chicago, Illinois 60605
$801,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 2,020 |
| Cost/Sqft: | $347 |
| Beds: | 2 |
| Baths: | 2 |
| Year Built: | 1916 |
| Property Taxes: | $13,163 |
| Days On Market: | 60 |
| Lot Size: | 0,00 |
Description
This breathtaking duplex penthouse loft in the famed Franklin Lofts is a once-in-a-generation opportunity, offering the only penthouse in the building with a direct north-facing view from its walled terrace. With soaring ceilings supported by iron buttresses, exposed brick walls, hardwood floors, and rooms flooded with light, it exemplifies loft living at its most elegant and unique. The first floor features a huge open layout flowing seamlessly from living room to dining room to kitchen, distinguished as the only unit in the building with a genuine woodburning stove and gas cooking range. The kitchen boasts a double row of windows overlooking the terrace and city, generous counterspace, a desk area, a beverage fridge, and a peninsula with a bar sink facing the dining room, while a stackable washer and dryer add convenience; the building also offers a newly renovated laundry room for larger items. The primary suite on this level includes east-facing windows, hardwood floors, exposed brick, a long walk-in closet, and a private bathroom with a double vanity, deep soaking tub, and separate shower. Upstairs, the open second bedroom, currently used as a family room and study, features abundant built-ins with shelving, cabinets, and bookcases, along with a second bathroom offering a separate sink area and shower. The HVAC system was completely replaced this summer by the building for quiet, efficient comfort. Perfectly located in the center of the city's transportation hub, all CTA train lines are within two blocks, with a Red Line stop on Polk and a bus stop across the street, while highways and DuSable Lake Shore Drive are easily accessible from Ida B. Wells Drive. Surrounded by new restaurants, bars, shops, museums, theaters, universities, and the attractions of the Loop, it's also within easy reach of the University of Chicago, UIC, and Rush Medical Center. With a Walk Score that rates it a walker's and transit rider's paradise, residents also benefit from a protected two-way bike path beginning at the front door. Deeded parking is included in the nearby 801 Plymouth garage, though you may find that your car is rarely needed. The building has a bike room and a freight elevator harkening back to its industrial past opening to the street for easy move-in and out that recalls its days of hauling heavy loads of paper. Carefully managed by an attentive board and management, the building covers everything in its assessment except electricity. Heat, cooking gas, endless hot water, air conditioning, high-speed internet, and basic cable are all included. Supported by a reserve fund exceeding one million dollars and recent major upgrades like a new hot water boiler, this iconic penthouse is truly one of a kind.
Property Specifics
| Condos/Townhomes | |
| 13 | |
| — | |
| 1916 | |
| — | |
| Duplex penthouse | |
| No | |
| — |
| Cook | |
| Franklin Lofts | |
| 1223 / Monthly | |
| — | |
| — | |
| — | |
| 12456101 | |
| 17164060321001 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
South Loop Elementary School |
299 | — | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 21 Oct, 2025 | Sold | $801,000 | MRED MLS |
| 2 Sep, 2025 | Under contract | $700,000 | MRED MLS |
| 27 Aug, 2025 | Listed for sale | $700,000 | 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,Double Sink,Soaking Tub
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 1 | |
| — | |
| — | |
| — | |
| — | |
| condo | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2025 | $13,163 |
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Listing Provided By
The Margie Smigel Group, LLC
