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New Franklin Building

New Franklin Building

New Franklin Building
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

720 S Dearborn St
Chicago, IL 60605
58 Units
13 Stories
1910 Year Built
$214K - $590K Value Range

Available Units

For Sale
No Units Available
For Rent

Highlights

  • Open Floorplan
  • Elevator
  • Bike Room
  • Views
  • Resident Manager or Management On Site
  • 1 min walk to Printers Row Park

Historic Art Deco Charm in Printers Row

The New Franklin Building, an Art Deco gem, stands proudly in the heart of Printers Row. Completed in 1910, this 13-story building houses 58 unique condominium units. The building's exterior showcases decorative brickwork, geometric detailing around the windows, and a prominent mural depicting figures in a pastoral scene. This historic structure offers a blend of classic architectural charm and modern living conveniences, making it a standout in the neighborhood.

Spacious Lofts with Modern Touches

The New Franklin Building offers a variety of floor plans, ranging from cozy one-bedroom units to expansive three-bedroom lofts. One-bedroom units, sized between 650 and 1,700 square feet, typically feature one to two bathrooms and are priced around $400,000. These units boast high ceilings, large windows that flood the space with natural light, and elegant hardwood floors. Many one-bedroom units also include modern amenities such as Smart Home technology, Lutron lighting, automatic shades, and Sonos sound systems. Two-bedroom units range from 1,250 to 2,200 square feet, with one and a half to two and a half bathrooms, and are priced around $370,000. These units often feature open floor plans with spacious living and dining areas, exposed brick walls, and concrete columns. Kitchens are equipped with quartz or granite countertops, stainless steel appliances, and ample storage. Some units also include unique features like spiral staircases, built-in bookcases, and elegant chandeliers. The largest units in the building are the three-bedroom lofts, which range from 1,860 to 3,100 square feet and include one and a half to two full and two half bathrooms. These units offer expansive living spaces perfect for entertaining. Features often include soaring ceilings, exposed brick, concrete pillars, and beams, as well as genuine oak floors. Master suites typically come with walk-in closets, spa-like bathrooms with soaking tubs, dual-bowl vanities, and separate showers. Many units also offer stunning views of the city skyline and the lakefront.

Comprehensive Amenities for Modern Living

Residents of the New Franklin Building enjoy a range of amenities designed to enhance their living experience. The building offers 24-hour access, air conditioning, and heating to ensure comfort throughout the year. Each unit is equipped with modern conveniences such as dishwashers, disposals, microwaves, refrigerators, ovens, and ranges. For added convenience, there are laundry facilities and in-unit laundry options available. The building also provides ample storage space, including bicycle storage and a dedicated bike room. A service elevator is available for easy move-ins and outs, and there is a coin laundry facility for residents' use. The building's management ensures that all common areas are well-maintained and secure, with features like a secure entry system and on-site management. Commercial spaces within the building include a coffee shop and the Sandmeyer bookstore, adding to the convenience and charm of living in the New Franklin Building.

Vibrant Printers Row Community

Printers Row, once the historic printing and publishing district of the city, is now a lively neighborhood filled with unique businesses, college students, and residents who appreciate its proximity to The Loop. The area is known for its well-maintained streets, adorned with beautiful flowers hanging from lampposts, and its rich history, with many buildings repurposed into lofts and condos. Dining options in Printers Row are diverse, ranging from upscale Northern Italian cuisine at Sofi to casual meals at Kasey’s Tavern and Roots Handmade Pizzeria. The neighborhood is also home to the Jazz Showcase, the oldest historic jazz club in Chicago, offering live music several nights a week. Printers Row is close to several iconic Chicago landmarks, including Grant Park, Millennium Park, and the Chicago lakefront. Grant Park, with its impeccably maintained lawns, rose garden, and Buckingham Fountain, offers residents endless outdoor entertainment options. Millennium Park hosts events throughout the summer, many centered around music, and is home to the iconic Cloud Gate sculpture, known as "The Bean." The Printers Row Literary Festival, held annually in early September, celebrates the neighborhood's history with Pulitzer Prize-winning speakers, vendors, performers, and kid-focused attractions.

Convenient Transportation Options

The New Franklin Building is ideally located for those who rely on public transportation. The Harrison subway station, connecting residents to the Red Line, is just a five-minute walk away. The Harold Washington Library-State/Van Buren station, which connects to the Brown, Orange, Pink, and Purple Lines, is also within a five-minute walk. Additionally, the LaSalle Station (Blue Line) and the Chicago LaSalle Metra Station, serving the Rock Island District Line, are both easily accessible. Several bus stops are located within a short walking distance, including Polk & Dearborn, Dearborn & Harrison, State & Polk, and Clark & Harrison, offering connections to various transit lines such as Archer, Clark, North Bolingbrook – East Loop Express, Plainfield-East Loop Express, South Bolingbrook – East Loop Express, Wentworth, Inner Lake Shore/Michigan Express, and Museum Campus. For those who prefer to drive, the building is conveniently located near major highways, including I-290, 90/94, and Lakeshore Drive, providing easy access to the rest of Chicagoland. The building also offers offsite parking options, with multiple parking garages in the area available for short or long-term rental. Chicago's first protected, two-lane bike path runs through Printers Row, providing dedicated traffic signals and a safe route for cyclists. This path runs north from Dearborn Station to the Kinzie Hotel, making it easy for residents to navigate the city by bike. For air travel, Chicago Midway International Airport is about a 20-minute drive away, while Chicago O'Hare International Airport is approximately 30 minutes by car.

Available Condos

No units matching this criteria are available right now.
No units matching this criteria are available right now.

Building Details

Recreation

  • Bike Trail

Amenities

  • Views
  • Laundry Facilities
  • Bike Room
  • Community Storage Space
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Garage

Pet Policy

  • Dogs and Cats Allowed

Condo Association

  • $870 Monthly HOA Fees
  • Monthly HOA Fees Range from $867 - $870
  • Association fees include heat, air conditioning, water, insurance, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • Tairre Dever Sutton Association, Phone Number (847) 299-5740
  • Property managed by TAIRRE Management Services, Inc.

Building Design

  • Elevator

Unit Features

  • Open Floorplan
  • Laundry Room

Unit Information

Unit
301
Beds
2 Beds
Baths
1.5 Baths
Sq Ft
1,400
Rent
$3,200
Availability
08/01/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
17,500
Est. Values
$228,971 - $589,895
1 Bedroom Units
Sq Ft Range
1,700 - 17,500
Est. Values
$213,889 - $427,520
2 Bedroom Units
Sq Ft Range
1,400 - 2,200
Est. Values
$311,575 - $582,690
3 Bedroom Units
Sq Ft Range
3,100
Est. Values
$341,194 - $450,655
All Units
Sq Ft Range
1,400 - 17,500
Est. Values
$213,889 - $589,895

Map

Area Factors

High Crime

Crime Score®

9 / 10

Very Bikeable

Bike Score®

89 / 100

Walker's Paradise

Walk Score®

98 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

64 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$19K - $67K
Range of Taxes in Building
$1,056 - $13,015
Range of Taxes per Sq Ft
$0.06 - $6.32

Property Tax History

Source: Public Records

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