The Franklin Building at 720 S Dearborn dates back to when this stretch of Dearborn Street, became known as Printers Row for the many publishing houses that lined the street. The 14 story building was built in 1916 by the Franklin Printing Company. It housed printing presses until 1983. Between 1987 and the fall of 1989, The Franklin building underwent a $9 million renovation to create 65 residential units.
Condominium floor-plans in this pet friendly building include studio, 1, 2 and 3 bedroom units. Condo assessments cover heat, water, common insurance, cable, snow removal, exterior maintenance and garbage pick-up. Amenities include a bike room, coin laundry, storage, and security access monitored by video via television. Although there is a coin laundry in the building, many, if not most units have in-unit washers and dryers.
Six units were sold in 2015. The sales price to list price ratios averaged of 94% of list price, 92% of the
original list price.
Sales By Number of Bedrooms:
Three 1-bedroom units
Average sold price - $251,333
Average market time - 36 days
Three 2-bedroom units
Average sold price - $299,333
Average market time - 34 days
For current information on South Loop condos or for sale, including in
The Franklin Building, please visit my website at ChicagolandCondosandHomes.com.
Information in this market report is from the local Multiple Listing Service, Midwest Real Estate Data LLC, (MRED) and is deemed reliable but not guaranteed. It does not include properties sold For-Sale-By-Owner, (FSBO), or any other private sales not reported to MRED.
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