Commercial > Office
Sold
08/02/2021
Sold Price
$9,250,000$208/ft²
720 Franklin St
Chicago, IL 60654
- -Bed
- -Bath
- 44,500ft²Living Area
- 10,025ft²Lot Size
- -Pool
- -Car
- 1925Year Built
- -DOM
- 22Permits
720 Franklin St, Chicago, IL 60654 is a 44,500 ft² commercial office property property built in 1925 on a 0.230 acre lot with 22 construction permits. This commercial office property is currently off market, and it was last sold in 2021 for $9,250,000.
Permits
720 Franklin St has 22 permit records of total value of $2,034,301.
Permit History
22
Permits
$2,034,301
Total Permit Value
February 8, 2023
Description: Decommision removal of one(1) 2000lb capacity 5-floor 150fpm passenger elevator pursuant to the scope of work submitted.(ev002143)Job Value: $536,671Status: issuedType: Elevator equipmentBusiness Name: Urban Elevator Service LLCApplicant: Nwc 720 Franklin LLCFees: $150Effective Date: 2023-02-08Permit Number: 101004935
November 17, 2022
Description: Nwc 720 franklin LLC - 131-46326-04 - low voltage permit for low voltage non-required fire alarm installationJob Value: $2,200Status: issuedType: Electric wiringBusiness Name: Johnson Controls SecurityFees: $75Effective Date: 2022-11-17Permit Number: 100996765
September 2, 2022
Description: Revision to permit 100955044 to change electrical contractor to texa engineeringJob Value: $5,000Status: issuedType: Electric wiringBusiness Name: Texa EngineeringFees: $75Effective Date: 2022-09-02Permit Number: 100987191
September 1, 2022
Description: Change of HVAC contractor to degree inc, plumbing contractor to r & c plumbing ltd, (elctrical has to done on line), gc contractor to kelly construction & design LLCJob Value: $250,000Status: issuedType: Easy permit processBusiness Name: Degrees INC; Kelly Construction & Design LL; R&C Plumbing LTDApplicant: Tony LindsayFees: $75Effective Date: 2022-09-01Permit Number: 100987001
March 31, 2022
Description: The current use/occupancy is b = business and proposed is remaining b = business. Interior renovation of 5th floor only. Full renovation of floor inclusive of new floor finishes new wall partitions for office & conference room spaces new skylight new light fixtures new HVAC ductwork new kitchen and new accessible bathrooms with associated plumbingJob Value: $400,000Status: issuedType: Renovation/alterationBusiness Name: AMS Mechanical Systems INC; D&G Electric Service INC; Excel AIR Group INC; Lakeshore Plumbing INCApplicant: Anthony LindsayFees: $3,353Effective Date: 2022-03-31Permit Number: 100955044
March 23, 2022
Description: New installation of one (1) 4500lb.cap 100 fpm 7-stop hydraulic passenger elevator #2 jack power unit tank controller fixtures, car & hatch doors. Pursuant to the scope of work submitted. Ev002143Job Value: $536,671Status: issuedType: Elevator equipmentBusiness Name: Urban Elevator Service LLCApplicant: Nwc 720 Franklin LLCFees: $325Effective Date: 2022-03-23Permit Number: 100963654
May 4, 2020
Description: Expand existing mens restroom in existing office (conditional permit subject to field inspections)Job Value: $4,000Status: issuedType: Renovation/alterationBusiness Name: Derek Electric INC; Dreier Peter Alex; Glenbrook Design Group INC DB; Markgraf's Heating & AIR CondApplicant: Lowel CantorFees: $825Effective Date: 2020-05-04Permit Number: 100867710
December 13, 2019
Description: 2017 fire service upgrade mandate on one (1) 2000lb.cap 6-stop geared traction passenger elevator. Pursuant to the scope of work submitted. Ev002143Job Value: $5,000Status: issuedType: Elevator equipmentBusiness Name: Urban Elevator Service LLCApplicant: Mc Caffery IntrestFees: $510Effective Date: 2019-12-13Permit Number: 100854883
March 5, 2018
Description: 720 franklin assoc 131-44162-04 low voltage permit for low voltage camera installationJob Value: $1,316Status: issuedType: Electric wiringBusiness Name: Tyco Integrated Security LLCFees: $75Effective Date: 2018-03-05Permit Number: 100749419
November 16, 2016
Description: Change of ownership original permit # 100443768Job Value: $1,500Status: issuedType: SignsBusiness Name: Lincoln Services; Pilon Electric INCFees: $600Effective Date: 2016-11-16Permit Number: 100671468
December 30, 2015
Description: Modernization of one (1) 6-stop 150fpm 2000lb.cap. Traction passenger elevator. New machine controller motor rope gripper fixtures and door operator. Pursuant to scope of work submitttedJob Value: $98,450Status: issuedType: Elevator equipmentBusiness Name: Suburban Elevator COApplicant: 720 Franklin Associates, LLCFees: $410Effective Date: 2015-12-30Permit Number: 100629352
November 3, 2015
Description: Blue chip marketing 131-43763-01 low voltage permit for low voltage card access installationJob Value: $9,000Status: issuedType: Electric wiringBusiness Name: Tyco Integrated Security LLCFees: $50Effective Date: 2015-11-03Permit Number: 100620495
July 15, 2015
Description: 720 franklin assoc. 332-18684-06 low voltage permit for low voltage card access system installationJob Value: $543Status: issuedType: Electric wiringBusiness Name: Tyco Integrated Security LLCFees: $50Effective Date: 2015-07-15Permit Number: 100604369
December 9, 2014
Description: 5 story mercantile building masonry facade and parapet repairJob Value: $44,100Status: issuedType: Renovation/alterationBusiness Name: A Plus Tuckpointing INC; Antunovich Joseph M; ON Time Expediting INCApplicant: Mc Caffery InterestsFees: $375Effective Date: 2014-12-09Permit Number: 100566634
September 5, 2012
Description: South elevationJob Value: $3,600Status: issuedType: SignsBusiness Name: TRJ Outdoor; Wilson Electrical ServicesFees: $600Effective Date: 2012-09-05Permit Number: 100443768
March 4, 2011
Description: Suite # 501replace 20 outletsinstall 10 light fixturesJob Value: $2,500Status: issuedType: Electric wiringBusiness Name: Bright Electric ServiceFees: $50Effective Date: 2011-03-04Permit Number: 100383718
March 4, 2011
Description: Suite #501 replace 20 outlets and install 10 light fixturesJob Value: $2,500Status: issuedType: Electric wiringBusiness Name: Bright Electric ServiceFees: $50Effective Date: 2011-03-04Permit Number: 100383903
October 6, 2010
Description: Replace hoist ropes of 6 stop traction elevator at 720 n. FranklinJob Value: $3,000Status: issuedType: Elevator equipmentBusiness Name: Urban Elevator Service LLCApplicant: McCaffery InterestsFees: $100Effective Date: 2010-10-06Permit Number: 100364497
October 6, 2010
Description: Replace door lock wire of basement and top floor landings. Pursuant to scope of work submittedJob Value: $1,000Status: issuedType: Elevator equipmentBusiness Name: Urban Elevator Service LLCApplicant: Mc Caffery InterestsFees: $205Effective Date: 2010-10-06Permit Number: 100365494
June 19, 2009
Description: Addition a 200 amp serviceJob Value: $5,000Status: issuedType: Electric wiringBusiness Name: Rosset Electric COFees: $100Effective Date: 2009-06-19Permit Number: 100297342
March 10, 2009
Description: Tenant build-out of model sales space.conditional permit subject to audit and inspectionsJob Value: $90,000Status: issuedType: Renovation/alterationBusiness Name: Advance Mech Systmes; Norman Mechanical; Shamrock Electric CO INC; Stephen J LongApplicant: Jim StemanFees: $1,067Effective Date: 2009-03-10Permit Number: 100274766
March 29, 2007
Description: Repair existing roof and exterior elevator penthouse as per contract. All work same as existingJob Value: $32,250Status: issuedType: Easy permit processBusiness Name: RA Grela & Assoc INC; Raincoat Roofing Systems INCApplicant: 720 N Franklin LLCFees: $408Effective Date: 2007-03-29Permit Number: 100170212
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$465,022.53From latest Total Assessed Value20.11%Total Assessed Value$2,312,500=Land+
Assessed Value$501,250Additions
Assessed Value$1,811,250
In 2021, taxes billed for 720 Franklin St were $465,022.53, which is 20.11% from latest Total Assessed Value of $2,312,500.
Property History
720 Franklin St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 720 Franklin St
Hazard Risks
Tornado206Wind153Hail142Particulates141Weather107Ozone106Air Pollution102Nat'l Avg100Carb Mono100Lead59Earthquake43Hurricane12
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 720 Franklin St.
Walkability Index
20 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
720 Franklin St has a walkability score of 20 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
63°F
High
81°F
In the winter at 720 Franklin St, temperatures range from 19.86°F to 33.94°F with an average of 26.9°F. In the summer, the temperature ranges from 62.53°F to 80.77°F with and average of 71.65°F.
School Information
Public/private schools serving 720 Franklin St
Public Schools
Ogden Elementary School
Grades: KG-8
0.49 mi
D+
Wells Community Academy High School
Grades: 9-12
1.69 mi
F
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 720 Franklin St have ratings undefined, and undefined.
Neighborhood
This property is located in Near North Side, Chicago, IL 60654.
Seasonal Housing units 60654
27%of housing is for seasonal rent.
Daytime Population for 60654
+298%of people during work hours.
Boundary map of Near North Side.
Crime Index for 60654
167
167
The crime index in 60654 is 167, which is 1.7 times higher than national average.
Market Trends
Historical market data near 720 Franklin St over selected time period.
Nearby Properties on Franklin St
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- 630 N Franklin St # P-12, Chicago, IL 60654 (River North) is a 0.56 acre property.
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