NOT LISTED FOR SALE

431 S Dearborn St Unit 705 Chicago, IL 60605

Printers Row Neighborhood

Estimated Value: $268,000 - $293,935

2 Beds
2 Baths
1,400 Sq Ft
$931/mo HOA Fee

Last Sold October 09, 2024

Last sale price $270,000 $193 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,953/month

15 Days on Market

Highlights

  • Doorman
  • 1-minute walk to Harold Washington Library-State/Van Buren
  • Bay Window
  • Main Floor Bedroom
  • First Floor Utility Room
  • 3-minute walk to Pritzker Park

About This Home

As of October 2024

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.

Last Listed By

Samuel Ciochon

@properties Christie's International Real Estate License #475129080 Listed on: 08/08/2024

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,586

Year Built

  • Built in 1891

Lot Details

  • 10,193

HOA Fees

  • $931 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,400 Sq Ft Home
  • Double Pane Windows
  • Bay Window
  • Living Room
  • Open Floorplan
  • Dining Room
  • First Floor Utility Room
  • Storage

Kitchen

  • Electric Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Porcelain Tile
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Wheelchair Access
  • Accessibility Features

Schools

  • South Loop Elementary School
  • Phillips Academy High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, security, doorman, scavenger
  • 105 Units
  • High-Rise Condominium
  • 16-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Lobby

Recreation

  • Bike Trail

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,586

Year Built

Built in 1891

Lot Details

0

HOA Fees

$931 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories),Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories),Vintage
  • Year Built: 1891
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Unit Floor Level: 7
  • Rebuilt Year: 1987
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 16

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Electric Oven
  • Basement: None
  • Accessibility Features: Wheelchair Accessible
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Bedroom, First Floor Full Bath, Laundry Hook-Up in Unit, Storage, Dining Combo, Doorman, Lobby
  • LivingArea: 1400
  • Room Type: Utility Room-1st Floor
  • Stories Total: 16
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Window Features: Bay Window(s),Double Pane Windows
  • Flooring: Ceramic Tile
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • List Price: 270000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Electric Dryer Hookup, In Unit, Common Area, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 931
  • Association Amenities: Bike Room/Bike Trails, Door Person
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: TBD
  • Management Contact Name: TBD
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Security, Doorman, Scavenger

Schools

  • Elementary School: South Loop Elementary School
  • High School: Phillips Academy High School
  • Middle/Junior School: South Loop Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 5586.42
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 2, 2024
Sold by
Rasmussen David C and Fung Omelia M
Bought by
Washington Erica Mercedes
Seller's Agent
Samuel Ciochon
@properties Christie's International Real Estate
Buyer's Agent
Sarah Ahmed
@properties Christie's International Real Estate
List Price
$270,000
Sold Price
$270,000
Total Days on Market
15
Views
4824
Current Estimated Value
$280,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,984
Avg. Annual Appreciation
4.95%
Original Mortgage
$243,000
Outstanding Balance
$242,114
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$35,151

Purchase Details

Listed on
Mar 3, 2015
Closed on
May 20, 2015
Sold by
Singh Jolly A and Jolly Raswant K
Bought by
Rasmussen David C and Fung Omelia M
Seller's Agent
Luke Wojcik
Triton Realty Group LLC
Buyer's Agent
Troy D'Amico
Realty37
List Price
$279,999
Sold Price
$259,000
Premium/Discount to List
-$20,999
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.44%
Original Mortgage
$194,250
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2006
Sold by
Moyer Donald F and Knauss Jennifer L M
Bought by
Jolly Raswant K and Singh Jolly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 1997
Sold by
Lasalle National Bank Of Chicago
Bought by
Moyer Donald F and Knauss Jennifer L M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,800
Interest Rate
7.51%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Washington Erica Mercedes $270,000 Old Republic National Title
Rasmussen David C $259,000 Git
Jolly Raswant K $274,000 Cti
Moyer Donald F $112,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Erica Mercedes $243,000
Previous Owner Rasmussen David C $194,250
Previous Owner Jolly Raswant K $174,000
Previous Owner Moyer Donald F $183,750
Previous Owner Moyer Donald F $150,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2024 10/09/24 Sold $270,000 0.0% $193 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $270,000 0.0% $193 / Sq Ft
12/09/2022 12/09/22 Rented $2,100 -4.5% --
11/11/2022 11/11/22 Under Contract -- -- --
08/17/2022 08/17/22 For Rent $2,200 0.0% --
08/10/2022 08/10/22 Under Contract -- -- --
08/03/2022 08/03/22 For Rent $2,200 +4.8% --
07/10/2020 07/10/20 Rented $2,100 0.0% --
05/15/2020 05/15/20 For Rent $2,100 0.0% --
04/28/2017 04/28/17 Rented $2,100 +5.3% --
04/18/2017 04/18/17 Under Contract -- -- --
04/10/2017 04/10/17 Price Changed $1,995 -13.3% $2 / Sq Ft
02/26/2017 02/26/17 Price Changed $2,300 -4.2% $2 / Sq Ft
02/26/2017 02/26/17 Price Changed $2,400 -4.0% $2 / Sq Ft
02/03/2017 02/03/17 For Rent $2,500 0.0% --
05/20/2015 05/20/15 Sold $259,000 -2.2% $200 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
03/25/2015 03/25/15 Price Changed $264,900 -5.4% $204 / Sq Ft
03/03/2015 03/03/15 For Sale $279,999 -- $216 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $5,446 $27,540 $2,271 $25,269
2023 $5,446 $26,478 $1,831 $24,647
2022 $5,446 $26,478 $1,831 $24,647
2021 $5,324 $26,477 $1,830 $24,647
2020 $5,373 $24,117 $1,658 $22,459
2019 $5,277 $26,266 $1,658 $24,608
2018 $5,188 $26,266 $1,658 $24,608
2017 $4,855 $22,553 $1,372 $21,181
2016 $4,517 $22,553 $1,372 $21,181
2015 $4,133 $22,553 $1,372 $21,181
2014 $3,511 $18,921 $1,264 $17,657
2013 $3,441 $18,921 $1,264 $17,657
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12133882

Midwest Real Estate Data (MRED)

APN: 17-16-246-018-1050