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Backup Offers

431 S Dearborn St Unit 705, Chicago, IL, 60605

$270,000

Home List Price

$3,206*

Closing Credit

2 Bedrooms
2 Full Baths
1,400 SqFt
$193/SqFt
Condo

Location

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431 S Dearborn St Unit 705, Chicago$270,000

Buyer Closing Credits

$3,206*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1891
HeatingNatural Gas
CoolingCentral Air
MLS #12133882
StatusAccepting Backup Offers
(Contingent)

About 431 S Dearborn St Unit 705

Welcome to the Chicago Lifestyle, a Printers Row story. This stunning high-rise condo, located in the heart of historic Printers Row, offers a rare blend of modern living and historic charm. With a spacious 2 bed / 2 bath split floor plan spanning approximately 1400 sq ft, this home is perfect for those who value both comfort and style. As you step into the large living area, you are greeted by ample natural light pouring in through the expansive west-facing windows, offering unobstructed views of the iconic Sears Tower and a long line of historic buildings along Dearborn. The unique architectural details, preserved from the building's 1891 origins, add a touch of elegance and history to the space. Designed by the renowned architect William Jenney, known as the Father of the American Skyscraper, this building is the oldest steel frame skeleton structure in the world, a testament to its lasting significance. The kitchen features granite-look countertops, ample cabinet space, and a mix of stainless steel and white appliances, perfect for all your culinary adventures. Both spacious bedrooms boast large windows, allowing plenty of natural light, with each room featuring a wall of closets and enough space to comfortably fit king-size beds. The primary bedroom includes an ensuite bathroom, adding a layer of privacy and convenience. Freshly painted interiors make the home move-in ready, while the in-unit laundry and additional storage cage in the basement provide practical solutions for everyday living. The building offers the convenience of a door person Monday to Friday from 9 to 5 and a bike room for residents. Moreover, the Loop mural painting, completed in 2020 on the southern side of the building, has become an iconic landmark. Printers Row is a coveted neighborhood, steeped in history and offering a unique vibe unlike any other area in the city. Residents love the spaciousness of these historic buildings and the extremely high walk score, making it convenient for all city amenities. The neighborhood is well-connected with multiple train lines just a block away and easy access to Grant Park and Millennium Park. A small square off Dearborn hosts a farmers market in the summer, adding to the community feel. On a perfect Saturday, start your day with a cup of coffee from Hero's coffee shop next door, pick out a great book from the Harold Washington Library across the street, and enjoy some downtime at Grant Park. In the evening, dine at 3 Little Pigs for their signature fried rice, then enjoy a fun night of karaoke at Brando's Speakeasy or live jazz at the Jazz Showcase in the historic Dearborn Station. Don't miss out on the sushi at Umai or the vibrant atmosphere at the new Roots Pizza spot on the corner of Dearborn and Polk. This investor-friendly building has no rental restrictions, making it a great option for various living arrangements. To top it all off, the owner is providing a home warranty on the property, offering peace of mind for your investment.

Property Details

Property Features

Property Information:

  • Year Built: 1891
  • Stories: 16
  • Living Area: 1,400 SqFt

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (773) 472-0200
  • Listing Agent: Samuel Ciochon

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Electric Oven
  • Basement: No
  • Interior: First Floor Bedroom, First Floor Full Bath, Laundry Hook-Up in Unit, Storage, Dining Combo, Doorman, Lobby

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Phillips Academy High School, Public District Grades 9-12
  • South Loop Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: On the corner of Dearborn and Congress. Dearborn is a one way going north, and there is no parking in front of the building. If you want to park, park on Plymouth right behind where they have 15 min flasher zones.

Price Information

Listing Price Info

Price Summary:

  • List Price: $270,000
  • Price Per SqFt: $193/SqFt

HOA Fees:

  • Amount: $931
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$355K

Med. Price/SqFt

$257

Avg. Days On Market

27

# of Sold Homes

2129

431 S Dearborn St Unit 705 vs Chicago

43 DAYS ON ROCKET

+16 Days

$270,000

-$85K Less

$193/SqFt

-$64 Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price and $64/SqFt less than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12133882

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (773) 472-0200
  • Listing Agent: Samuel Ciochon

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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 the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/20/2024, 10:15:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-159827
7
/10

  • South Loop Elementary School

  • 1212 S Plymouth Ct

  • 0.65 miles

  • Public District Grades PK-8

High School

school-card-donut-159828
1
/10

  • Phillips Academy High School

  • 244 E Pershing Rd

  • 3.60 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $92,815. Residents of Chicago, IL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 431 S Dearborn St Unit 705

What is the listing price of this property?

The listing price of 431 S Dearborn St Unit 705 property is $270,000.

What type of property is this?

The property 431 S Dearborn St Unit 705 is a condo located in Chicago, Illinois, 60605.

Is this property for sale now?

Accepting Backup Offers: 431 S Dearborn St Unit 705 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 431 S Dearborn St Unit 705 are:
South Loop Elementary School: GreatSchools Rating 7/10
Phillips Academy High School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 431 S Dearborn St Unit 705 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 431 S Dearborn St Unit 705 is 1,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 431 S Dearborn St Unit 705 is 1891.

Rocket Homes›Illinois›Cook County›Chicago›60605›431 S Dearborn St Unit 705

This home is located at 431 S Dearborn St Unit 705 in Chicago, IL and zip code 60605 in the Loop neighborhood. This 1,400 square foot home was built in 1891. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $270,000.

Over 775 listings were sold over their listed price in August 2024 in Chicago, IL. In the same period over 996 listings were sold below the listed price and 357 listings were sold for the listed price. Between July 2024 and August 2024, Chicago, IL real estate market has seen increase in the number of listings by 8.2%. While the average time on the market in August 2024 was 27 days, the median list price was $355,029.

From Rocket Homes Real Estate and based on county public records data.

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