We Love Terraces: 431 S. Dearborn in the Loop

The Manhattan Building at 431 S. Dearborn is on the edge of Printers Row, but not quite in it.

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The building was built in 1891 and has 105 units. There is no parking (but rental parking is available nearby.)

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This 11th floor unit has a private 500 square foot terrace that overlooks the Harold Washington Library.

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Keller Williams Lincoln Park has the listing (see more pictures here.)

Unit #1101: 3 bedrooms, 2 baths, 1600 square feet

  • Sold in October 1998 for $287,000
  • Currently listed for $399,900 (parking is rental)
  • Assessments of $499 a month
  • Taxes of $3,198
  • Central Air

13 Responses to “We Love Terraces: 431 S. Dearborn in the Loop”

  1. Price looks quite reasonable to me..

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  2. I would enjoy setting my alarm for 5 minutes before I start work, as well as the easy access to every train (and Clark bus) to escape the Loop after hours.

    Oh, and the unit looks nice, and the building is timeless.

    This is pretty stiff competition for the highrise going up at Van Buren/Wells.

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  3. I think the loop is very underappreciated…although for this particular unit I think it’s important to note that the deck faces south so you’re not really getting a million dollar view. I’d love living in the loop if all the restaurants and coffee shops that serve lunch would just stay open until 10:00 pm or so. Surely this has to happen sooner or later if enough people move in, right? What the loop really needs is Dominick’s or a Jewel. I know there’s plenty in the South Loop down on Roosevelt, but loopers need one that’s within a few blocks of Millenium Park and Macy’s and such.

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  4. There’s a grocery store slated to go into the former Carson Pirie Scott Building. Anyone know when it’s going to open?

    I also think that the movie theaters and extra restaurants in Block 37 will also help the nightlife in the area.

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  5. Sabrina, not sure I would call Fox and Obel a grocery store. They make Whole Foods look like a retail discounter. Also do have a details on the movie theater at Block 37.

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  6. It’s still a grocery store. The other closest grocer is the Presidential Market in the Presidential Towers building which my friends tell me is surprisingly impressive.

    Here’s info from Crain’s about what is going into Block 37:

    http://www.chicagobusiness.com/cgi-bin/news.pl?id=29596

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  7. With regard to THIS particular address in Printer’s Row, Target is at Roosevelt and Clark – about a 10 min. walk! And, Whole Foods is pretty close by too – at Canal and Roosevelt, I believe.
    There are a good no. of restaurants in Printer’s Row (and the surrounding area) that stay open later. Hackney’s, the steak house at Congress and Dearborn (CK or something like that). And there’s a starbuck’s at Harrison and Dearborn too! And a coffee shop at @ 750 N. Dearborn – it’s a Middle Eastern themed restaurant and coffee shop.
    Also, just south of this property, along Dearborn, is Kasey’s Tavern and Bar Louie and Sandemeyer’s Book store! And a rare book store! Blackie’s is on Polk, just west.
    The balcony faces south, but it’s a pretty cool view (I’ve been in it). It’s right at Congress, and so there’s a pretty big distance between that building and the one across Congress – and the Congress ain’t going anywhere. To the east, there is the Harrison Library, and that looks pretty cool! It isn’t the standard “skyline” view, but it’s very interesting and very Printer’s Row!
    Did I mention cool?
    Heh.
    I wish it had more exposed brick . . . Not so much.
    Building is cute and the unit has great light – huge windows!

    Does anybody know if this is the building where Eliot Ness’s office was? 😉

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  8. *oh, and, ya, I suppose PRow stops at the Congress, but it’s a very very cool old building . . . much of the character of the PRow area architecture has SEEPED a bit north for it! hehe.

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  9. Sabrina, Thanks for the information on Block 37

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  10. Has anyone else noticed while looking at the building that the brick right below the terrance is difference than the rest of the building?
    It honestly looks like it was a later addition to the building.
    A very cool location for a terrace.

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  11. RE Ness — Nope Ness’ office was located further South in the old Transportation building, I think 600 S. Dearborn. His office was on the third floor, unit 311 rings a bell but don’t hold me to that.

    This building is commonly know as the Manhattan building designed by William Le Baron Jenny in 1891. Jenny is commonly referred to as the father of the skyscraper and had build Chicago’s first metal framed skyscraper in 1884. I’ll have to look at my notes, but I am pretty sure this is the oldest remaining skyscraper in the city.

    SSDD

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  12. thanks for the info re Ness! and Jenny! knowing the history makes it even more interesting! thanks! 😉

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  13. They redid all of the brick work in 2002/2003. It ended up being a couple million dollar job (because of the landmark status) which put 60000 special assessments on some of the bigger units. I bet that’s why the brick looks different.

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