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New
$399,000

720 S Dearborn St APT 504, Chicago, IL 60605

1beds
1,287sqft
: 
$3,832/mo
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Condominium, Apartment, Single Family Residence
Built in 1916
-- sqft lot
$391,800 Zestimate®
$310/sqft
$720/mo HOA

What's special

Exposed brickLovingly designed loft spaceGranite countertopsDistinctive backsplash tiles
Lovingly designed 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. Because the building was created for printing presses, the subfloors are thick concrete so you will never hear anyone from above or below. The loft has been fitted out with an amazing amount of storage. Massive built-in open shelved bookcases extend from floor to ceiling on the entire south wall of the living room. There is another floor to ceiling bookcase on the east wall as well as two floor to ceiling storage closets. Along the north wall are closets for coats and shelving. A wonderful banquette with room for baskets beneath is tucked into the window wall on the northwest corner of the room creating a cozy spot for eating or curling up in the afternoon sunshine with a book. Remote controlled shades and lighting installed in 2023. The contemporary open kitchen has wood cabinets, granite countertops, distinctive backsplash tiles and SS appliances including a new (2025) range and dishwasher. Both the half bath and the full bath have been updated. The full bath has a glass enclosed shower with a pebble stone wall and a double vanity with 2 Mexican handcrafted sinks. The toilet is in a separate compartment which also includes the front loading laundry machines. The fully private bedroom has 3 large windows, floor to ceiling closets and more bookshelves. The powder room has a full wall and backsplash of hand crafted Mexican tiles and a Mexican sink set in a unique wood slab counter. 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. 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 head west and be at the UIC campus and its nearby hospitals even sooner. 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 building engineer is competent and friendly, 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. The reserve is at $1,100,000 and there hasn't been a special assessment in over 25 years. EVERYTHING is included in the assessment except electric. That includes high speed internet and basic cable from Astound. The building is about to embark on a renovation of the hallways and foyer to address its modern needs (larger package room for post-pandemic deliveries) while enhancing its very special vintage character
2 hours
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Zillow last checked:

Listing updated:

Listed by:

Margie Smigel 312-953-1466,

The Margie Smigel Group, LLC

Source: MRED as distributed by MLS GRID,MLS#: 12755947MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Foyer
    Primary bedroom
    • Features: Flooring (Hardwood), Window Treatments (Aluminum Frames, Blinds, Double Pane Windows, Curtains/Drapes, Screens, Shades, Window Treatments), Bathroom (Full, Double Sink, Shower Only)
    • Level: Main
    • Area: 150 Square Feet
    • Dimensions: 10X15
    Dining room
    • Features: Flooring (Hardwood), Window Treatments (Aluminum Frames, Blinds, Double Pane Windows, Curtains/Drapes, Screens, Shades, Window Treatments)
    • Level: Main
    • Area: 221 Square Feet
    • Dimensions: 13X17
    Foyer
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 40 Square Feet
    • Dimensions: 4X10
    Kitchen
    • Features: Kitchen (Galley, Island, Granite Counters, Pantry, Updated Kitchen), Flooring (Hardwood)
    • Level: Main
    • Area: 80 Square Feet
    • Dimensions: 8X10
    Laundry
    • Features: Flooring (Ceramic Tile)
    • Level: Main
    • Area: 9 Square Feet
    • Dimensions: 3X3
    Living room
    • Features: Flooring (Hardwood), Window Treatments (Aluminum Frames, Double Pane Windows, Screens, Shades)
    • Level: Main
    • Area: 560 Square Feet
    • Dimensions: 20X28
    Heating
    • Forced Air, Baseboard
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Electric Cooktop, Electric Oven
    • Laundry: Main Level, Washer Hookup, Electric Dryer Hookup, In Unit, In Bathroom
    Features
    • 1st Floor Bedroom, Built-in Features, Bookcases, High Ceilings, Open Floorplan, Dining Combo, Granite Counters, Lobby, Replacement Windows
    • Flooring: Hardwood
    • Doors: French Doors, Lever Style Door Handles
    • Windows: Replacement Windows, Screens, Window Treatments, Aluminum Frames, Double Pane Windows, Shades
    • Basement: Partially Finished,Partial
    Interior area
    • Total structure area: 1,287
    • Total interior livable area: 1,287 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage, Off Site, Leased, Detached, Off Street, Parking Lot
    • Garage spaces: 2
    Accessibility
    • Accessibility features: Door Width 32 Inches or More, Lowered Light Switches, No Interior Steps, Wheelchair Adaptable, Accessible Elevator Installed, Visitor Bathroom, Disability Access
    Features
    • Exterior features: Lighting
    Lot
    • Features: Landscaped, Level
    Details
    • Parcel number: 17164060321047
    • Special conditions: List Broker Must Accompany
    • Other equipment: TV-Cable, Ceiling Fan(s), Internet-Fiber

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Apartment, Single Family Residence
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1916
    • Major remodel year: 2000
    Details
    • Builder model: LOFT

    Utilities & green energy

    • Electric: Circuit Breakers, 100 Amp Service
    • Sewer: Public Sewer, Storm Sewer
    • Water: Lake Michigan, Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Sidewalks, Street Lights
    • Subdivision: Franklin Lofts
    HOA
    • Has HOA: Yes
    • Amenities included: Bike Room/Bike Trails, Coin Laundry, Elevator in Residence, On Site Manager/Engineer, Security Door Lock(s), Service Elevator(s), Elevator(s), High Speed Conn., Intercom, Public Bus, Security Lighting, Underground Utilities
    • Services included: Heat, Air Conditioning, Water, Insurance, Cable TV, Exterior Maintenance, Scavenger, Snow Removal, Internet
    • HOA fee: $720 monthly
    Location
    • Region: Chicago

    Financial & listing details

    • Price per square foot: $310/sqft
    • Tax assessed value: $316,220
    • Annual tax amount: $5,332
    • Date on market: 9/11/2026
    • Ownership: Condo

      Estimated market value

      $391,800

      $372,000 - $411,000

      $2,210/mo

      Price history

      DateEventPrice
      9/11/2026Listed for sale$399,000+62.9%$310/sqft
      Source: MRED as distributed by MLS GRID #12755947 Report a problem
      9/8/2000Sold$245,000+69%$190/sqft
      Source: Public Record Report a problem
      9/10/1998Sold$145,000$113/sqft
      Source: Public Record Report a problem

      Public tax history

      YearProperty taxesTax assessment
      2024$5,162 -9.5%$31,622 -4.2%
      2023$5,706 +3.3%$33,012
      2022$5,524 +1.7%$33,012
      2021$5,433 +15.4%$33,012 +23.6%
      2020$4,706 +2.2%$26,709 -8.2%
      2019$4,604 +1.8%$29,090
      2018$4,525 +19%$29,090 +22.6%
      2017$3,802 -2.4%$23,737
      2016$3,897 +7.5%$23,737 -2.2%
      2015$3,624 +11.9%$24,273 +21.2%
      2014$3,238 +2.4%$20,021
      2013$3,163 -3.8%$20,021 -3.8%
      2012$3,287 -2.7%$20,811 -9%
      2011$3,378 $22,866
      Find assessor info on the county website

      Monthly payment

      Est. payment

      Payment breakdown

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      All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
      HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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      Climate risks

      Neighborhood: Printers Row

      Getting around

      98 / 100
      Walker's Paradise
      100 / 100
      Rider's Paradise
      89 / 100
      Very Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: South Loop Elementary School
      • Middle: South Loop Elementary School
      • District: 299

      Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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