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720 S Dearborn Street #206, Chicago, IL 60605
$370,000
720 S Dearborn Street #206, Chicago, IL 60605View this property at 720 S Dearborn Street #206, Chicago, IL 60605
720 S Dearborn Street #206ChicagoIL60605
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Property 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.
Full Property Details
Full Property Details for 720 S Dearborn St #206
General
- Sold For: $370,000
- HOA FEE: $866/month
- Taxes: $8,505 (2022)
- Status: Closed
- Type: Condo
- MLS ID: 11823625
- Added to Site: 333 day(s) ago
Interior
- Interior Features: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, Second Floor Laundry, Laundry Hook-Up in Unit, Built-in Features, Bookcases, Ceiling - 10 Foot, Open Floorplan, Some Carpeting, Dining Combo, Drapes/Blinds, Granite Counters, Lobby, Shops, Replacement Windows
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Electric Cooktop, Electric Oven
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Bathroom Features: Separate Shower, No Tub
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), On-Site Manager/Engineer, Security Door Lock(s), Service Elevator(s)
- Equipment: Cable TV, Intercom, Fire Sprinklers, Ceiling Fan(s)
- Other Features: Commuter Bus, Commuter Train, Interstate Access, Historical District
Exterior
- Exterior Features: Storms/Screens, End Unit, Cable Access
Parking
- Garage Ownership: Fee/Leased
- Garage Spaces: 4
- Total Spaces: 6
- Parking Features: Zoned Permit, Visitor Parking, Parking Lot
- Parking Type: Garage, Space(s)
- Garage Description: Garage Door Opener(s), High Garage Door (7 Feet or More)
Location
- Area: CHI - Loop
- County: Cook
- Subdivision: Franklin Lofts
- Driving Directions: Dearborn is one block west of State St and one way north from Polk. The entrance to the Franklin Building is on the west side of the street, just north of Roots Pizza, with the enchanting mosaic mural above the door. There is temporary parking in front and across the street with your flashers on.
School Information
- School District: 299
- Midd School District: 299
- Elementary School: South Loop Elementary School
- Middle School: South Loop Elementary School
Community
- Assoc. Fees Include: Heat, Air Conditioning, Water, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, Number Limit, Size Limit, / 60lbs.
- Mgmt. Company: Tairre Management
Heating & Cooling
- Cooling Type: Central Air Conditioning, Zoned, Electric
- Heating Type: Forced Air, Baseboard, Sep Heating Systems - 2+, Individual Controls
Utilities
- Water: Lake Michigan, Public
Structural Information
- Structure Type: Condo/Duplex, Condo/Loft, Vintage
- Exterior Const.: Brick
- Basement Desc.: Partial
- Stories/Levels: 13
- Square Feet: 1,717
- Sq. Ft. Source: Builder
- Year Built: 1916
- Built Before 1978: Yes
- Remodeled/Updated: 2010
Unit Information
- Units in Building: 59
- Unit Floor in Bldg.: 2
Manufactured Home
- Model: DUPLEX LOFT
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Outdoor Lighting, Sidewalks, Streetlights
Financial Considerations
- Lease Price: $250
- Association Fee: $866
- Assoc Fee Freq.: Monthly
- Assessment Year: 1916
- Tax Amount: $8,505.81
- Tax Year: 2022
Disclosures and Reports
- Ownership: Condo
- Property ID: 17164060321065
Listed by The Margie Smigel Group, LLC
Sold by Compass
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Schools
Schools serving 720 S Dearborn St #206
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1212 S Plymouth Ct, Chicago, IL 60605 | PK-8 | 0.4 mi | |
244 E Pershing Rd, Chicago, IL 60653 | 9-12 | 3.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 S Dearborn St #206
Date
Details
Price
Change
Source
2/02/2024
Sold
$370,000
-2.63%
MLS
11/08/2023
Price Reduced
$380,000
-5%
MLS
7/05/2023
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
720 S Dearborn Street #206, Chicago, IL 60605 (MLS# 11823625) is a Condo property that was sold at $370,000 on February 02, 2024. Want to learn more about 720 S Dearborn Street #206? Do you have questions about finding other Condo real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.