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James DeMarco


  • Cell 312-888-6440

720 South Dearborn Street 501, Chicago, IL – $330,000

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720 South Dearborn Street 501

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 charming, 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 in and out. 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. There are parking garages and lots abundantly available nearby. But you'll rarely have to use a car unless you commute out to the burbs. Gyms of all stripes are all around. It's great to live where the snow is cleared immediately during the winter and blossoms cascade from hanging planters on the light posts. You get a chance to see your tax dollars at work. Wonderful neighborhood. EVERYTHING included in the assessment except electric. Healthy reserves over $1,100,000. Wonderful building. Wonderful condo.

Essential Information

  • MLS® #10778093
  • Price$330,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths1
  • Half Baths1
  • Square Footage1,400
  • Acres0.00
  • Year Built1916
  • TypeResidential
  • Sub-TypeAttached Single
  • StatusActive

Community Information

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


  • Parking TypeNone


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


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

Interior Features

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




Natural Gas,Forced Air,Indv Controls


  • ExteriorBrick,Stone,Other
  • RoofRubber

Exterior Features

Storms/Screens,End Unit,Cable Access

School Information

  • District299

Additional Information

  • Days on Website147
  • HOA Fees955
  • HOA Fees Freq.Monthly
  • Taxes$6,092

Listing Details

  • OfficeThe Margie Smigel Group, LLC
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Price Change History for 720 South Dearborn Street 501, Chicago, IL (MLS® #10778093)

Date Details Price Change
Price Change
Price Reduced (from $345,000) $330,000 $15,000 (4.35%)
Active (from New)

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Listing information last updated on November 29th, 2020 at 7:00am CST.