See Home Value
Chicago 60605 South Loop
720 S Dearborn Street #206
$342,000 - $418,000
Multifamily - Off Market

720 S Dearborn Street #206

Chicago, IL 60605
bedrooms
2 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
1717 Sqft

About This Property

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.

The manager has listed the unit size as 1717 square feet.
Unit Size
1,717Ft²
Days on Market
-
Land Size
-
Price per sqft
$221
Property Type
Multifamily
Property Taxes
$709
HOA Dues
$866
Year Built
-

Price History

Date / Event Date Event Price
Feb 7, 2024 No longer available -
No longer available
Dec 20, 2023 In contract -
In contract
Nov 9, 2023 Price Decreased $380,000
↓ $20K (5%)
Price Decreased
Aug 5, 2023 Relisted $400,000
Relisted
Jul 20, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Brick


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
-
$409,500 Apr 11, 2014
$409,500 Oct 6, 2014
$2,167/mo
Commercial
Loft
5 Baths
-
$450,000 Apr 24, 2002
$450,000 Sep 17, 2003
$811/mo
House
2 Beds
2 Baths
1,300 ft²
$307/ft²
$399,000 Sep 16, 2023
-
$1,484/mo
House
2 Beds
2 Baths
1,200 ft²
$313/ft²
$375,000 Dec 15, 2023
-
$1,604/mo
House
2 Beds
2 Baths
1,343 ft²
$312/ft²
$419,000 Jun 16, 2023
-
$1,194/mo
House
2 Beds
2 Baths
1,250 ft²
$320/ft²
$400,000 Nov 27, 2023
-
$1,606/mo
House
2 Beds
2 Baths
1,200 ft²
$271/ft²
$325,000 Jul 25, 2023
-
$1,574/mo
House
2 Beds
2 Baths
1,250 ft²
$300/ft²
$375,000 Oct 23, 2023
-
$1,205/mo
House
2 Beds
2 Baths
1,283 ft²
$300/ft²
$385,000 Nov 28, 2023
-
$1,350/mo
House
2 Beds
2 Baths
1,230 ft²
$325/ft²
$399,900 Oct 25, 2023
-
$1,423/mo
House
2 Beds
2 Baths
1,318 ft²
$303/ft²
$399,000 Nov 27, 2023
-
$1,151/mo
House
2 Beds
2 Baths
1,230 ft²
$256/ft²
$315,000 Oct 19, 2023
-
$1,053/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230705 Unit 206
07/05/2023
206
2 Bed
1.5 Bath
1717 ft²
$400,000
bedrooms
2 Bed
bathrooms
1.5 Bath
square feet
1717 ft²
-
-
-
Margie Smigel
The Margie Smigel Group, LLC
20230703 Unit 204
07/03/2023
204
1 Bed
1.5 Bath
1400 ft²
$325,000
bedrooms
1 Bed
bathrooms
1.5 Bath
square feet
1400 ft²
-
-
-
Margie Smigel
The Margie Smigel Group, LLC
20230609 Unit 305
06/09/2023
305
1 Bed
1 Bath
650 ft²
$198,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
650 ft²
$198,000
08/10/2023
Thomas Bezanes
Compass Real Estate
20230424 Unit 204206
04/24/2023
3 Bed
4 Bath
3100 ft²
$675,000
bedrooms
3 Bed
bathrooms
4 Bath
square feet
3100 ft²
-
-
-
Margie Smigel
The Margie Smigel Group, LLC
20220405 Unit 1205
04/05/2022
2 Bed
2 Bath
1700 ft²
$475,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1700 ft²
$424,000 -10.74%
11/01/2022
Prashanth Pathy
Compass
20220420 Unit 602
04/20/2022
602
Studio
1 Bath
-
$249,900
bedrooms
Studio
bathrooms
1 Bath
-
-
-
Martin Kennedy
Classic Realty Group, Inc.
20210603 Unit 303
06/03/2021
303
2 Bed
2 Bath
1400 ft²
$359,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1400 ft²
$357,000 -0.81%
08/16/2021
Stacey Grossman
Jameson Sotheby's Intl Realty
20210119 Unit 1206
01/19/2021
1 Bed
1 Bath
875 ft²
$235,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
875 ft²
$210,000 -10.64%
05/18/2021
Lindsey Richardson
20190502 Unit 301
05/02/2019
301
2 Bed
2 Bath
-
$385,000
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
-
20200710 Unit 501
07/10/2020
501
2 Bed
2 Bath
1400 ft²
$345,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1400 ft²
-
-
-
-
20200129 Unit 1004
01/29/2020
1 Bed
2 Bath
1200 ft²
$324,900
bedrooms
1 Bed
bathrooms
2 Bath
square feet
1200 ft²
-
-
-
-
20190808 Unit 405
08/08/2019
405
1 Bed
1 Bath
-
$270,000
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
-
20190514 Unit 1006
05/14/2019
2 Bed
2 Bath
1700 ft²
$424,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1700 ft²
-
-
-
-
20180823 Unit 1103
08/23/2018
2 Bed
2 Bath
1700 ft²
-
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1700 ft²
-
-
-
-

Building Info

720 South Dearborn Street 720 South Dearborn Street, Chicago, IL 60605
More about this Building
720 South Dearborn Street
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