A Unique Single Family Home-Like Penthouse in Printers Row: 714 S. Dearborn

720 s dearborn approved

This penthouse unit in the Rowe Building at 714 S. Dearborn in Printers Row just came on the market.

I don’t have a picture of this building but you can see it in the picture above on the right of 720 S. Dearborn with the outdoor fire escape.

The Rowe Building was built in 1891 and has 9 units.

While it is the top floor unit, it looks, and acts, more like a single family home as it was built on top of the existing brick loft building.

The 2-story unit has east, west and north exposures.

It has 4 outdoor spaces including a 400 square foot terrace. The listing says the decking has been removed to replace the roof.

The kitchen has wood cabinets and stainless steel appliances.

It has a second floor family room.

This duplex has central air and an in-unit washer/dryer (you can see it in the bedroom closet picture.)

There’s no parking with this building but you can rent a space for $210 a month at 711 S. Plymouth or you can purchase a space at 801 S. Plymouth for between $35,000 to $70,000.

This unit hasn’t changed hands in 16 years.

Is this a once-in-a-generation chance to get this unique property?

Thomas Feddor at Dearborn Street Realty has the listing. See the pictures and 3D tour here.

Unit #9-PH: 3 bedrooms, 2.5 baths, 2400 square feet, duplex

  • Sold in June 1991 for $392,000
  • Sold in October 2001 for $615,000
  • Currently listed for $1.25 million
  • Assessments of $950 a month (includes exterior maintenance, scavenger, snow removal)
  • Taxes of $9500
  • Central Air
  • Washer/Dryer in the unit
  • No parking
  • Can rent it nearby for $210 a month or buy at 801 S. Plymouth for $35,000 to $70,000
  • Bedroom #1: 15×14 (second floor)
  • Bedroom #2: 22×14 (second floor)
  • Bedroom #3: 22×14 (main floor)
  • Family room: 35×12

13 Responses to “A Unique Single Family Home-Like Penthouse in Printers Row: 714 S. Dearborn”

  1. Single family living with all the drawbacks of a condo – high assessments, neighbors, open bedroom(s), no garage, small kitchen, stackable washer/dryer…

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    Rating: +11 (from 13 votes)
  2. $1.25MM and you get to install deck boards

    What am I not seeing?

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    Rating: +4 (from 4 votes)
  3. i wonder what the assessments cover? how about exterior repairs to the SFH on top of the condo building?

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    Rating: 0 (from 0 votes)
  4. The first picture (the exterior) needs to be retaken when it’s not winter and especially when it’s not overcast out. I thought I had been taken to the wrong link because the first photo that comes up looks like a south side ghetto foreclosure. Just how I’d want my 1.25mm property to be marketed!

    Definitely is a cool space with potential if every part of it wasn’t filled or cluttered with stuff. Hey look, books! Remember those?

    I can’t say if buyers could do better with 1.25mm elsewhere as I don’t really research properties at this price range seeing as how I’ll never be able to afford them.

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    Rating: +5 (from 11 votes)
  5. Hey, a *true* penthouse!

    Unfortunately, the interior looks more like a slightly funky (glass brick, open loft) early-90s townhouse in Arlington Heights or something.

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    Rating: +6 (from 6 votes)
  6. I like it a lot—very unique and looks to be interesting space. Hard to tell, without looking very closely, what the quality of construction is (are the HVAC systems separate for the house? How is the elevator entrance designed? Trash room? Does the building association maintain the exterior (and exterior spaces) of the “house”?

    It’s possible that 50K of updates could address the decor and make this pretty cool. It’s also possible that the place needs 200K +

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    Rating: +4 (from 4 votes)
  7. Yes, finally a ‘real’ penthouse! Place is interesting to say the least, not sure if it will get the asking price as it looks pretty dated

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    Rating: +5 (from 5 votes)
  8. “i wonder what the assessments cover? how about exterior repairs to the SFH on top of the condo building?”

    It’s still a condo but it’s just plopped on top of the building.

    The assessments would cover everything having to do with the structure- the same way it would on any of the lofts in the building. Sometimes windows are paid for by each individual owner, but when the windows are custom, as the loft windows are, usually the building replaces/maintains those as well.

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  9. “Place is interesting to say the least, not sure if it will get the asking price as it looks pretty dated”

    I feel like if they want over a million, it needs million dollar finishes in the kitchen and bathrooms.

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    Rating: +6 (from 6 votes)
  10. Schaumburg vinyl-sided 70s-era single family house on warehouse rooftop in South Loop. Priceless.

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    Rating: +3 (from 3 votes)
  11. Does that make this discussion on the property a Penthouse Forum? Or are these just Penthouse Letters? LOL!

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  12. Reduced to 999,900

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  13. Closed 11/10/17 – $875,000

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