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$404,000
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Property Description
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
Full Property Details
Full Property Details for 720 S Dearborn St #504
General
- Sold For: $404,000
- HOA FEE: $720/month
- Taxes: $5,332 (2025)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12755947
- Added to Site: 55 day(s) ago
Interior
- Interior Features: 1st-Floor Bedroom, Built-in Features, Bookcases, High Ceilings, Open Floorplan, Dining Combo, Granite Counters, Lobby, Replacement Windows
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Electric Cooktop, Electric Oven
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Bathroom Features: Separate Shower, Double Sink, No Tub
Bedrooms
- Total Bedrooms: 1
Additional Information
- Shared Amenities: 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
- Equipment: Cable TV, Ceiling Fan(s), Internet-Fiber
- Other Features: Commuter Bus, Commuter Train, Interstate Access, Historical District
Exterior
- Exterior Features: Lighting
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 4
- Parking Features: Garage, Off Site, Leased, Detached, Off-Street, Parking Lot
Location
- Area: CHI - Loop
- County: Cook
- Subdivision: Franklin Lofts
- Driving Directions: Dearborn is between State and Clark and runs one-way north from Polk (800 South). The building is on the west side of the street just north of the two story restaurant on the corner. There are flasher 15 minute parking spaces out front and across the street
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, Electric
- Heating Type: Forced Air, Baseboard
Utilities
- Water: Lake Michigan, Public
- Onsite: Cable Available
Structural Information
- Structure Type: Condo/Loft, High-Rise (7 or More Stories), Vintage
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished, Partial
- Windows: Screens, Window Treatments, Aluminum Frames, Double Pane Windows, Shades
- Doors: French Doors, Lever Style Door Handles
- Sub-Flooring: Hardwood
- Entry Floor Number: 2
- Stories/Levels: 13
- Square Feet: 1,287
- Sq. Ft. Source: Plans
- Year Built: 1916
- Built Before 1978: Yes
- Remodeled/Updated: 2000
Unit Information
- Units in Building: 59
Manufactured Home
- Model: LOFT
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Landscaped, Level
Financial Considerations
- Lease Price: $250
- Association Fee: $720
- Assoc Fee Freq.: Monthly
- Assessment Year: 1916
- Tax Amount: $5,332.76
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condo
- Special Conditions: List Broker Must Accompany
- Property ID: 17164060321047
Listed by The Margie Smigel Group, LLC
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 720 S Dearborn St #504
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 S Dearborn St #504
Date
Details
Price
Change
Source
11/02/2026
Sold
$404,000
1.25%
MLS
9/10/2026
Listed
$399,000
—
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 #504, Chicago, IL 60605 (MLS# 12755947) is a Condo property that was sold at $404,000 on November 02, 2026. Want to learn more about 720 S Dearborn Street #504? 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.
