740 S Federal Street #902

Chicago, Illinois 60605
Closed / MLS #11791268 / Condo / Loop
Listing information updated 6/9/2023 at 10:23pm
This terrific studio makes a great place to land in the city. Just south of the Loop, close to the Lake, easy walking/rolling/biking/transit and access to the Drive and all of the expressways, it's the perfect location to get anywhere you want to be. Just walk out the door, and you are surrounded by restaurants, taverns, shops and services. It's a walker's (99), transit rider's (100) and biker's (89) Paradise. The building has an exercise facility open 24/7 and a laundry on the first floor. Below is a huge parking garage spanning two blocks with rental spaces. The condo itself is on a high floor, so it gets plenty of reflected light from the building next door. Gleaming manufactured wood floors extend throughout the unit. The bathroom was fully renovated with porcelain tiled walls extending to the ceiling in the toilet/tub room which is separate from vanity with a stone countertop and undermounted sink set into a roomy cabinet. The kitchen dates from the original conversion with an oven/range and newer refrigerator and dishwasher. Recessed lighting is in the main room and track lighting is in the long hallway. There are three big closets: the walk-in near the bath, a long closet in the entry foyer and a utility closet with the newer hot water heater and the HVAC system. It has plenty of extra storage space in that closet as well. A pantry closet is in the kitchen with floor to ceiling shelves. Many Universities and schools are close by: Columbia College, Roosevelt University, DePaul University downtown campus, University of Illinois Law School, the Art Institute School and others. It's also easy to hop an express bus to the University of Chicago to the south. The Riverwalk has opened from Harrison to Polk, and the city is working on extending Wells St under the Roosevelt Bridge to connect this neighborhood with Chinatown. The seller will pay the special assessment which paid for the redecorating of the interior corridors, facade repairs and a complete renovation of the fitness center so all of the machines should be up to date. With rents skyrocketing in the city, at this price, you can live at a lower monthly cost and not worry about ever increasing rent hikes. You need to live in your unit for 2 full years before renting it, but after that, renting is just fine.

Full Features

Exterior Type:
Cooling System:
Central Air, Electric
Heating System:
Range, Dishwasher, Refrigerator, Range Hood
Main Level Primary Bedroom:
100+ Years
Parking Type:
Parking Spaces:
Heated,7 Foot or more high garage door
Room Count:
Water Front:
Square Feet:
Pet Information:
Cats OK, Dogs OK, Number Limit
Internal Features:
Wood Laminate Floors, First Floor Full Bath, Storage, Walk-In Closet(s), Open Floorplan, Some Window Treatmnt, Dining Combo, Drapes/Blinds, Health Facilities, Lobby
External Features:
Cable Access

Room Information

Living Room:
14x16 - Main
Dining Room:
combo - Main
8x12 - Main
Family Room:
2nd Bedroom:
3rd Bedroom:
4th Bedroom:
5x5 - Main Level
Utility Room-1st Floor:
2x5 - Main Level
Walk In Closet:
4x5 - Main Level
N/A Level

Taxes & Assessments

Tax Amount:
Tax Year:
$482 / month


Zip Code:


School District(s):
Elementary School:
South Loop Elementary School
Middle School:
South Loop Elementary School
High School:

Listing Office: The Margie Smigel Group, LLC

Listing Office Phone: 312.953.1466

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/9/2023 at 10:23pm. 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.

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740 S Federal Street #902 is a condo which sold for $129,000. This condo has been listed on @properties since May 24th, 2023 and was built in 1910. Nearby schools include South Loop Elementary School. The nearest transit stops include LaSalle CTA Blue line and Chicago LaSalle St Metra Metra Rock Island District line.