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Open Sat 11:30AM-1PM

720 S Dearborn ST #PH-1 Chicago, IL 60605

2 Beds

2 Baths

2,020 SqFt

Open House

Sat Aug 30, 11:30am - 1:00pm

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 2,020 sqft

Price per Sqft $346

Subdivision Franklin Lofts

MLS Listing ID 12456101

Bedrooms 2

Full Baths 2

HOA Fees $1,223/mo

Year Built 1916

Annual Tax Amount $13,163

Tax Year 2023

Lot Dimensions condo

Property Sub-Type Condo

Property Description

This breathtaking duplex penthouse loft in the famed Franklin Lofts is a once-in-a-generation opportunity, offering the only penthouse in the building with a direct north-facing view from its walled terrace. With soaring ceilings supported by iron buttresses, exposed brick walls, hardwood floors, and rooms flooded with light, it exemplifies loft living at its most elegant and unique. The first floor features a huge open layout flowing seamlessly from living room to dining room to kitchen, distinguished as the only unit in the building with a genuine woodburning stove and gas cooking range. The kitchen boasts a double row of windows overlooking the terrace and city, generous counterspace, a desk area, a beverage fridge, and a peninsula with a bar sink facing the dining room, while a stackable washer and dryer add convenience; the building also offers a newly renovated laundry room for larger items. The primary suite on this level includes east-facing windows, hardwood floors, exposed brick, a long walk-in closet, and a private bathroom with a double vanity, deep soaking tub, and separate shower. Upstairs, the open second bedroom, currently used as a family room and study, features abundant built-ins with shelving, cabinets, and bookcases, along with a second bathroom offering a separate sink area and shower. The HVAC system was completely replaced this summer by the building for quiet, efficient comfort. Perfectly located in the center of the city's transportation hub, all CTA train lines are within two blocks, with a Red Line stop on Polk and a bus stop across the street, while highways and DuSable Lake Shore Drive are easily accessible from Ida B. Wells Drive. Surrounded by new restaurants, bars, shops, museums, theaters, universities, and the attractions of the Loop, it's also within easy reach of the University of Chicago, UIC, and Rush Medical Center. With a Walk Score that rates it a walker's and transit rider's paradise, residents also benefit from a protected two-way bike path beginning at the front door. Deeded parking is included in the nearby 801 Plymouth garage, though you may find that your car is rarely needed. The building has a bike room and a freight elevator harkening back to its industrial past opening to the street for easy move-in and out that recalls its days of hauling heavy loads of paper. Carefully managed by an attentive board and management, the building covers everything in its assessment except electricity. Heat, cooking gas, endless hot water, air conditioning, high-speed internet, and basic cable are all included. Supported by a reserve fund exceeding one million dollars and recent major upgrades like a new hot water boiler, this iconic penthouse is truly one of a kind.

Location

State IL

County Cook

Area Chi - Loop

Rooms

Basement Partially Finished, Full

Interior

Interior Features Vaulted Ceiling(s), Elevator, 1st Floor Bedroom, 1st Floor Full Bath, Storage, Built-in Features, Walk-In Closet(s), Bookcases, Open Floorplan, Lobby, Replacement Windows

Heating Natural Gas, Forced Air, Indv Controls

Cooling Central Air, Electric

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Wood Burning Stove, Free Standing

Equipment TV-Cable, Fire Sprinklers, CO Detectors, Ceiling Fan(s), Internet-Fiber

Fireplace Y

Appliance Range, Microwave, Dishwasher, Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Front Controls on Range/Cooktop, Gas Cooktop, Gas Oven

Laundry Main Level, Washer Hookup, Electric Dryer Hookup, In Unit, In Kitchen

Exterior

Exterior Feature Lighting

Garage Spaces 1.0

Community Features Sidewalks, Street Lights

Utilities Available Cable Available

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

Building

Lot Description Mature Trees

Dwelling Type Attached Single

Building Description Brick, Yes

Story 13

Sewer Public Sewer, Storm Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools South Loop Elementary School

School District 299 , 299, 299

Others

HOA Fee Include Heat,Air Conditioning,Water,Gas,Insurance,TV/Cable,Exterior Maintenance,Scavenger,Snow Removal,Internet

Ownership Condo

Special Listing Condition List Broker Must Accompany

Pets Allowed Cats OK, Dogs OK, Number Limit, Size Limit

Virtual Tour https://real.vision/720-south-dearborn-street-ph-1?o=u

Listed by Margie Smigel • The Margie Smigel Group, LLC

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