721 S Dearborn Street Chicago, IL ^$ 385,000

721 S Dearborn Street

^$ 385,000

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721 S Dearborn Street

Chicago, IL, 60605

^$ 385,000

Studio Baths0.0 Sq 1,540

Monthly Estimate*

^$ 2,559

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721 S Dearborn Street, Chicago, IL 60605 - Image 13

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Studio

Commercial Property for sale in Chicago, IL

for $385,000. This 1,540 square foot building was built in 1883 on a lot size of 0.035354.

Welcome to 721 S Dearborn in the heart of Printers Row. Great potential with lots of walking traffic. Big bay area windows with plenty of natural light. All fixtures included. Great location for office space, retail, commercial or office/tech use. 13' ceiling & 9' windows. TAXES HAVE BE REASSESSED AND SIGNIFICANTLY REDUCED IN 2023 to $6,616. A HUGE SAVINGS! Just a few minute walk to the CTA (Red Line) and multiple bus stops. One block north is the Ida B. Wells with quick access to the Kennedy, Eisenhower and Dan Ryan expressways. Easy access to Lake Shore Drive. Minutes away from Grant Park, Millennium Park, Buckingham Fountain, Shedd Aquarium, Field Museum, Soldier Field, McCormick Place, Merle Reskin Theatre, Restaurants, Hotels and all S. Michigan Ave. has to offer. Ample street parking. Motivated seller! PROPERTY BEING SOLD AS-IS.

Commercial Contingent

Price

^$ 385,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 106,032

Style

Lot Size

0.035354

Year Built

1883

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12029096

Features

General

Cooling Central Air

Possession Closing

Zoning OFFIC

Construction Materials Brick Concrete

Year Built 1883

Electric Circuit Breakers Service - 201 to 600 Amps

Stories 1

Township South Chicago

Property SubType Office Technical/Research & Development

Tax Year 2022

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Office/Tech

Contingency Attorney/Inspection

Possible Use Office and Research Retail

Status Contingent

Directions Polk and Dearborn North to 721

City Chicago

NumberOfUnitsTotal 1

MLS Area CHI - Loop

Lot Size Square Feet 1540

Street Name Dearborn

Tax Annual Amount 106032

Additional Parcels Y/N N

Leasable Area 0

Virtual Tour https://tour.vht.com/434380914/idxs

Days on Market 40

Lease Type N/A

Standard Status Active Under Contract

Interior

Flooring Tile Vinyl Wood

Street Suffix Street

Exterior

Foundation Details Concrete Perimeter

Building Area Total 1540

Lot Dimensions COMMON

Frontage Type City Street

Exterior Brick

* Excluded Features

List By

Berkshire Hathaway Homeservices Starck Real Estate

Broker

cbockman@starckre.com

Affordability Calculator

$11,395

Per Month

Monthly Principal & Interest: $2,559
Monthly Property Taxes: $8,836
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$842,007

Percent of Sale Price 119%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2024	$385,000	-34.19%	Price Down
4/15/2024	$585,000		Listed Price

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721 S Dearborn Street, Chicago, IL, 60605 is a Commercial Property for sale at $385,000 with 1,540 sqft and a lot size of 0.035354. 721 S Dearborn Street is a studio with 0.0 baths and was built in 1883. The property's zip code is 60605 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/1/2024.

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721 S Dearborn Street

Commercial Property for sale in Chicago, IL

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