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720 South Dearborn Street 501, Chicago, IL – $310,000

  • 2 Beds
  • 2 Baths
  • 1,400 Sqft
  • 101 DOM
  • 2 Beds
  • 2 Baths
  • 1,400 Sqft
  • 101 DOM

720 South Dearborn Street 501

Big price reduction! Don't wait! After the slumbering in the city caused by the pandemic of 2020, the Loop will be reawakening soon with a new vigor. With virus tamed, people will be returning in droves to the downtown of Chicago to theaters, museums, nightlife, restaurants and shops. Workers will return to offices, and festivals will return to Millennium and Grant Parks. 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 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 for 2020 & 2021. EVERYTHING included in the assessment except electric. We have a rental garage space ($230/mo) available nearby, but you'll rarely have to use a car.

Essential Information

  • MLS® #10961491
  • Price$310,000
  • HOA Fees$805
  • Taxes$6,092
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths1
  • Half Baths1
  • Square Footage1,400
  • Acres0.00
  • Year Built1916
  • TypeResidential
  • Sub-TypeAttached Single
  • StatusContingent
  • Has TownhomesNo
  • Has VintageNo

Community Information

  • Address720 South Dearborn Street 501
  • AreaCHI - Loop
  • SubdivisionPrinters Row
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60605

Amenities

  • # of Garages1

Amenities

Bike Room/Bike Trails,Coin Laundry,Elevator(s),On Site Manager/Engineer,Security Door Lock(s),Service Elevator(s)

Garages

Garage Door Opener(s),Transmitter(s),Heated,7 Foot or more high garage door

Interior

  • CoolingCentral Air
  • Has BasementYes
  • BasementNone
  • # of Stories13

Interior Features

Hardwood Floors,1st Floor Bedroom,1st Floor Laundry,1st Floor Full Bath,Laundry Hook-Up in Unit

Appliances

Range,Microwave,Dishwasher,Refrigerator,Washer,Dryer

Heating

Natural Gas,Forced Air,Indv Controls

Exterior

  • ExteriorBrick,Stone,Other
  • RoofRubber

Exterior Features

Storms/Screens,End Unit,Cable Access

School Information

  • District299

Additional Information

  • Days on Market101

Listing Details

  • OfficeThe Margie Smigel Group, LLC
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Price Change History for 720 South Dearborn Street 501, Chicago, IL (MLS® #10961491)

Date Details Change
Status Changed from Active to Contingent
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $330,000 to $310,000 $20,000 (6.06%)
Status Changed from New to Active

The Margie Smigel Group, LLC.

Midwest Real Estate Data LLC Logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Sotheby's International Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Listing information last updated on April 12th, 2021 at 7:31am CDT.