Franklin Building, 720 S. Dearborn, Chicago, IL-2014 Market Report
One of the first things you notice about The New Franklin Building, 720 S. Dearborn, is the colorful mosaics embedded into the front façade. This former South Loop printing facility stands 14 stories tall. The building was built in1916 by the Franklin Printing Company.amIt housed printing presses until 1983 and was converted to condos in 1989.
What is the Building Like?
The building features very spacious 1 and 2 bedroom units with large windows. Assessments cover heat, air conditioning and basic cable. Amenities in this pet friendly building include a bike room, coin laundry and a package receiving room. Street level businesses include a drycleaners and bookstore.
2014 Sales
There were 3 units sold in 2014 at an average sales price of $ $247,167 and an average of 32 days on the market.
Broken down by unit size:
- Two 1 bedroom units sold for an average price of $ $225,750 with an average of 45 days on the market.
- Average Sales Price to Original Price Ratio: 95%
- Average Sales Price to Last List Price Ratio: 97%
One 2 bedroom unit sold at a price of $ 290,000 after 7 days on the market.
- Sales Price to Original Price Ratio: 98%
- Sales Price to Last List Price Ratio: 98%
What’s Nearby
The Franklin Building anchors the south end of Printer’s Row. Each spring and summer, the Farmers Market is held on Saturday mornings in the small park to the north of the building. Each winter, holiday cheer is lights up the lot to the south of the building with the sale of Christmas trees.
The Franklin Building is just a short walk to the hub for all of the city’s subway and elevated train lines. Two buses stop at the front door and several other bus lines are just steps away. Many shopping, dining and recreational activities are within walking distance.
Currently On The Market
You can find condos for sale in The Franklin Building, as well as all available South Loop condos for sale on my website.
Information in this market report is from the Midwest Real Estate Data, (MRED) MLS. It does not include for sale by owners or any other private sale that was not reported to MRED.
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