Seller's Agent in 2023
Margie Smigel
The Margie Smigel Group, LLC
(312) 953-1466
11 in this area
75 Total Sales
711 S Dearborn St Unit 701 Chicago, IL 60605
Printers Row NeighborhoodEstimated Value: $406,000 - $505,000
2
Beds
2
Baths
1,508
Sq Ft
$1,139/mo
HOA Fee
Highlights
- Landscaped Professionally
- 3-minute walk to Harrison Station
- Wood Flooring
- Mature Trees
- Lock-and-Leave Community
- 2-minute walk to Printers Row Park
About This Home
As of September 2023This art filled loft is in the Donohue Building where the loft experience began in Chicago in the late 70's. Big windows bring in sunshine in the mornings. There are genuine hardwood floors, massive wood columns, exposed timber ceilings and brick walls. The maple kitchen has (mostly) stainless steel appliances and countertops. The Bertazzoni refrigerator was installed in 2021. The GE electric range has a top broiler and a lower convection oven. There is also a GE microwave, wine cooler and a black fronted Kitchenaid dishwasher. The primary bath has a granite topped vanity with an undermount sink and lots of counter space. The tub/shower is fancifully tiled. The washer and dryer are hidden behind a rattan folding screen. The guest bath is located far from the action near the front door and has a shower stall. The long entrance gallery is perfect for extra storage and an art collection. The current owner even uses it as a study. The primary bedroom is currently being used as an art studio and office as well as a guest room. The second bedroom currently has a queen size bed (but has room for a king) and is tucked behind the vast living room/dining room/kitchen space. This is loft living that is both authentic to its roots, but still affords the privacy of separate bedrooms. Every possible inch of space is utilized for storage tucked in areas around the apartment. The seller is even willing to sell most of the artwork to the buyer who would like it left in place. It is terrific entertaining space on the premier block of Printers Row. For those who live on this special block of the city, there is no where 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 Lake Shore Dr. Buses stop at the corner. 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. 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 across the street from the front door. Pet limit of 2. The freight elevator is available by arrangement with maintenance staff; it isn't self-operated.Rentals allowed with minimum of a 6 month lease. No rental cap. $300 move fee and $200 refundable damage deposit. Reserve fund balance as of April 11, 2023: $1,478,695. No current or planned special assessments. Parking garages and a parking lot surround this building. The parking offered would be offsite and leased separately.
Last Agent to Sell the Property
The Margie Smigel Group, LLC License #471000008 Listed on: 06/13/2023
Last Buyer's Agent
The Margie Smigel Group, LLC License #471000008 Listed on: 06/13/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,034
Year Built
- Built in 1888 | Remodeled in 2000
Lot Details
- Landscaped Professionally
- Mature Trees
HOA Fees
- $1,139 Monthly HOA Fees
Parking
- 4 Car Detached Garage
- Garage ceiling height seven feet or more
- Leased Parking
- Parking Lot
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 1,508 Sq Ft Home
- Beamed Ceilings
- Ceiling Fan
- Window Treatments
- Living Room
- Family or Dining Combination
- First Floor Utility Room
- Gallery
Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry in Bathroom
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Home Security
Accessible Home Design
- Halls are 36 inches wide or more
- Wheelchair Access
- Accessibility Features
- Doors are 32 inches wide or more
Outdoor Features
- Exterior Lighting
Schools
- South Loop Elementary School
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Baseboard Heating
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Lake Michigan Water
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal, internet
- 83 Units
- Margaret Shamberger Association, Phone Number (708) 250-6561
- High-Rise Condominium
- Donohue Building Lofts Subdivision, Loft Floorplan
- Property managed by FirstService Residential
- Lock-and-Leave Community
- 8-Story Property
Amenities
- Elevator
- Service Elevator
- Package Room
Recreation
- Bike Trail
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Storm Screens
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 5, 1994
Sold by
White William E
Bought by
Lasalle National Trust Na
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.53%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 4, 1994
Sold by
Ten Hubbard Corp
Bought by
Lasalle National Bank
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.53%
Mortgage Type
Purchase Money Mortgage
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lasalle National Trust Na | -- | -- | |
| Lasalle National Bank | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | White William E | $554,000 | |
| Closed | Lasalle Bank National Trust | $225,000 | |
| Closed | Lasalle National Bank | $131,250 | |
| Closed | Lasalle National Bank | $150,000 | |
| Closed | Lasalle National Bank | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $410,000 | -3.5% | $272 / Sq Ft |
| 06/28/2023 06/28/23 | Pending | -- | -- | -- |
| 06/13/2023 06/13/23 | For Sale | $425,000 | -- | $282 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,173 | $38,120 | $3,963 | $34,157 |
| 2023 | $6,993 | $34,000 | $3,451 | $30,549 |
| 2022 | $6,993 | $34,000 | $3,451 | $30,549 |
| 2021 | $6,837 | $33,999 | $3,451 | $30,548 |
| 2020 | $6,815 | $30,593 | $2,894 | $27,699 |
| 2019 | $6,695 | $33,321 | $2,894 | $30,427 |
| 2018 | $6,582 | $33,321 | $2,894 | $30,427 |
| 2017 | $6,356 | $29,524 | $2,395 | $27,129 |
| 2016 | $5,913 | $29,524 | $2,395 | $27,129 |
| 2015 | $5,410 | $29,524 | $2,395 | $27,129 |
| 2014 | $4,534 | $27,005 | $2,205 | $24,800 |
| 2013 | $4,433 | $27,005 | $2,205 | $24,800 |
Source: Public Records
Agents Affiliated with this Home
-
Margie Smigel
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11807335
APN: 17-16-407-021-1082
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