Seller's Agent in 2025
Margie Smigel
The Margie Smigel Group, LLC
(312) 953-1466
11 in this area
66 Total Sales
New Franklin Building 720 S Dearborn St Unit PH-1 Floor 13 Chicago, IL 60605
Printers Row NeighborhoodEstimated Value: $264,000 - $719,000
2
Beds
2
Baths
2,020
Sq Ft
1916
Built
Highlights
- Penthouse
- 4-minute walk to Harrison Station
- Mature Trees
- South Loop Elementary School Rated 9+
- Open Floorplan
- 1-minute walk to Printers Row Park
About This Home
As of October 2025This 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.
Last Agent to Sell the Property
The Margie Smigel Group, LLC License #471000008 Listed on: 08/27/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,163
Year Built
- Built in 1916
Lot Details
- End Unit
- Mature Trees
- Additional Parcels
HOA Fees
- $1,223 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Heated Garage
- Garage Door Opener
- Driveway
- Off-Site Parking
- Parking Included in Price
Home Design
- Penthouse
- Entry on the 13th floor
- Brick Exterior Construction
Interior Spaces
- 2,020 Sq Ft Home
- Open Floorplan
- Built-In Features
- Bookcases
- Bar Fridge
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Stove
- Free Standing Fireplace
- Double Pane Windows
- Replacement Windows
- Blinds
- Drapes & Rods
- Aluminum Window Frames
- Sliding Doors
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Dining Room
- Storage
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Laundry in Kitchen
- Dryer
- Washer
Home Security
Outdoor Features
- Deck
- Exterior Lighting
Schools
- South Loop Elementary School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Individual Controls for Heating
- 100 Amp Service
- Lake Michigan Water
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, insurance, tv/cable, exterior maintenance, scavenger, snow removal, internet
- 59 Units
- Tairre Sutton Association, Phone Number (847) 299-5740
- High-Rise Community
- Franklin Lofts Subdivision, Duplex Penthouse Floorplan
- Property managed by Tairre Management
- Lock-and-Leave Community
- 13-Story Property
Amenities
- Coin Laundry
- Service Elevator
- Lobby
- Community Storage Space
- Elevator
Recreation
- Bike Trail
Pet Policy
- Pets up to 60 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Storm Doors
- Carbon Monoxide Detectors
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 27, 2025
Closed on
Oct 17, 2025
Sold by
Lucy D Fruend Trust and Freund Lucy D
Bought by
Ocampo Erica
Seller's Agent
Margie Smigel
The Margie Smigel Group, LLC
Buyer's Agent
Meg Tange
Keller Williams ONEChicago
List Price
$700,000
Sold Price
$801,000
Premium/Discount to List
$101,000
14.43%
Views
725
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$251,275
Avg. Annual Appreciation
-53.62%
Original Mortgage
$600,000
Outstanding Balance
$599,343
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
-$49,618
Purchase Details
Closed on
Jul 12, 2000
Sold by
Ferguson Edwin
Bought by
Freund Peter and Freund Lucy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
8.12%
Purchase Details
Closed on
Mar 3, 1998
Sold by
Lee James D
Bought by
Ferguson Edwin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
7.25%
Purchase Details
Closed on
Nov 15, 1996
Sold by
Eckenstein John T and Eckenstein Lisa D
Bought by
Lee James D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.75%
Purchase Details
Closed on
Jun 1, 1995
Sold by
Huber Richard L and Huber Roberta P
Bought by
Eckenstein John T and Eckenstein Lisa D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.37%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ocampo Erica | $801,000 | None Listed On Document | |
| Freund Peter | -- | Ticor Title Insurance | |
| Ferguson Edwin | $328,500 | -- | |
| Lee James D | $310,000 | 1St American Title | |
| Eckenstein John T | $405,000 | 1St American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ocampo Erica | $600,000 | |
| Previous Owner | Freund Peter | $252,000 | |
| Previous Owner | Ferguson Edwin | $215,000 | |
| Previous Owner | Lee James D | $248,000 | |
| Previous Owner | Eckenstein John T | $216,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2025 10/21/25 | Sold | $801,000 | +14.4% | $397 / Sq Ft |
| 09/02/2025 09/02/25 | Pending | -- | -- | -- |
| 08/27/2025 08/27/25 | For Sale | $700,000 | -- | $347 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | $12,636 | $57,365 | $4,569 | $52,796 |
| 2024 | $12,636 | $57,365 | $4,569 | $52,796 |
| 2023 | $12,318 | $59,888 | $3,683 | $56,205 |
| 2022 | $12,318 | $59,888 | $3,683 | $56,205 |
| 2021 | $12,043 | $59,887 | $3,682 | $56,205 |
| 2020 | $10,794 | $48,454 | $3,337 | $45,117 |
| 2019 | $10,603 | $52,773 | $3,337 | $49,436 |
| 2018 | $10,424 | $52,773 | $3,337 | $49,436 |
| 2017 | $9,270 | $43,063 | $2,762 | $40,301 |
| 2016 | $7,768 | $43,063 | $2,762 | $40,301 |
| 2015 | $7,245 | $44,035 | $2,762 | $41,273 |
| 2014 | $5,922 | $36,320 | $2,543 | $33,777 |
| 2013 | $5,786 | $36,320 | $2,543 | $33,777 |
Source: Public Records
Agents Affiliated with this Home
-
Margie Smigel
-
Meg Tange
Buyer's Agent in 2025
Meg Tange
Keller Williams ONEChicago
(312) 752-0538
6 in this area
80 Total Sales
About New Franklin Building
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12456101
APN: 17-16-406-032-1001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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