720 S Dearborn Street # 504 Chicago, IL $ 399,000
720 S Dearborn Street # 504
$ 399,000
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720 S Dearborn Street # 504

Chicago, IL, 60605
$ 399,000
Bedrooms1 Baths1.1 Sq 1,287

Monthly Estimate*

$ 2,519

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Condo for sale in Chicago, IL

for $399,000 with 1 bedroom and 1 full bath, 1 half bath. This 1,287 square foot condo was built in 1916.

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

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Condo Contingent

Price

$ 399,000

Bedrooms

1

Full Bath

1

Half Bath

1

Property Type

Condo

Taxes

$ 5,332

Style

Condo-Loft,High Rise (7+ Stories),Vintage

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12755947

Features
General
Living Area 1287
Sewer Public Sewer Storm Sewer
Heating Forced Air Baseboard
Cooling Central Air Electric
Utilities Cable Available
Possession Closing
Appliances Range Dishwasher Refrigerator Washer Dryer Disposal Stainless Steel Appliance(s) Electric Cooktop Electric Oven
HOA Fee 720
Garage Spaces 2
Association Fee Includes Heat Air Conditioning Water Insurance TV/Cable Exterior Maintenance Scavenger Snow Removal Internet
Construction Materials Brick
Pets Allowed Cats OK Dogs OK Number Limit Size Limit
Year Built 1916
Electric Circuit Breakers 100 Amp Service
Township South Chicago
Unit Number 504
Tax Year 2025
Ownership Condo
Community Features Sidewalks Street Lights
Accessibility Door Width 32 Inches or More Lowered Light Switches No Interior Steps Wheelchair Adaptable Accessible Elevator Installed Visitor Bathroom
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association 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 Undergro
Contingency Attorney/Inspection
Subdivision Name Franklin Lofts
Total Rooms 4
Full Baths 1
Status Contingent
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 flashe
City Chicago
High School District 299
MLS Area CHI - Loop
Elementary School South Loop Elementary School
Tax Annual Amount 5332.76
Middle/Junior High School South Loop Elementary School
Additional Parcels Y/N N
Virtual Tour https://real.vision/720-south-dearborn-street-504?o=u
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo-Loft High Rise (7+ Stories) Vintage
Leasehold Rent $/Mo 250
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Interior
Interior Amenities 1st Floor Bedroom Built-in Features Bookcases High Ceilings Open Floorplan Dining Combo Granite Counters Lobby Replacement Windows
Basement Partially Finished Partial
Flooring Hardwood
Total Fireplaces 0
Total Stories 13
Half Baths 1
Laundry Features Main Level Washer Hookup Electric Dryer Hookup In Unit In Bathroom
Total Bedrooms 1
Room Type Foyer
Total Baths 2
Bedrooms Possible 1
Bathroom Separate Shower Double Sink No Tub
Total Number of Units 59
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Exterior
Model LOFT
Exterior Amenities Lighting
Parking Features Garage Off Site Leased Detached Off Street Parking Lot
Lot Features Landscaped Level
Water Source Lake Michigan Public
Total Parking 4
Lot Dimensions COMMON
Waterfront Y/N N
Other Equipment TV-Cable Ceiling Fan(s) Internet-Fiber
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* Excluded Features
List By
The Margie Smigel Group, Llc

Broker

margiereal@gmail.com

Email

Affordability Calculator

$2,964
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,519
Monthly Property Taxes
$444
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
567169 Elementary School
567169 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$399,000 Listed Price

Map


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720 S Dearborn Street # 504, Chicago, IL, 60605 is a Condo for sale at $399,000 with 1,287 sqft. 720 S Dearborn Street # 504 has 1 bedrooms, 1.1 baths, and was built in 1916. The property's zip code is 60605 which is in Chicago, IL