701-721 South Dearborn Street, Chicago
technical data · neighborhood and transit
Quick answers
- Does 701-721 South Dearborn Street have open permits or code violations?
- Chicago Department of Buildings lists 59 permits, 35 not closed, and 60 violations, 27 open.
- What is the 2026 conforming loan limit in Cook County?
- $832,750 for a single-unit home, per FHFA. Larger loans are jumbo loans.
- Is radon a problem here?
- EPA radon zone 2, moderate potential.
- What natural disasters is 701-721 South Dearborn Street at risk for?
- FEMA's National Risk Index rates the area relatively high overall, with elevated tornado and inland flooding risk.
Permits and code violations
35 permits not closed out. Unfinished permits pass to the next owner. 27 open violations.
- Permit – express permit program May 2026Active
Line voltage electrical work. repair or alter devices on existing circuits. receptacle outlets: 1 . lighting outlets: 1. specific location: elevator pit and elevator machine room.
- Permit - elevator equipment Feb 2026
Replacement of brake assembly on one(1) 6000lb capacity, 9-floor, 125fpm, freight elevator, pursuant to the scope of work submitted.(ev001547)
- Permit – express permit program Jan 2025Complete
Repair or in-kind replacement of 0 plumbing fixtures as described in permit application. repair or in-kind replacement of hot water heater(s). includes repair or replacment of plumbing piping. locations: 1 residential unit(s), 0 non-residential unit(s), unit 601.
- Permit – express permit program Aug 2024Complete
Relocate existing light fixtures /add 7 to 10 new light fixtures and wall sconces
- Permit – express permit program Aug 2024Complete
Scope: nonstructural interior alteration to existing coffee show to remove vestibule, replace tile, floors and install cabinets, separate permit required for replacement of electrical and plumbing fixtures.locations: 0 residential unit(s), 1 non-residential unit(s), coffee shop.
- Permit – express permit program Jul 2024Suspended
Tuckpointing and unit masonry repair / replacement: 400 sq. ft., lintel qty. 0, max. length 0. location: west facade.
- Permit – express permit program Jul 2024Complete
Temporary scaffolding: qty: 3, max. length: 100 ft., max. height: 165 ft. location: west facade. permit expiration date: 365 days from permit issued date
- Permit - renovation/alteration May 2024Active
Spr 2019 cbc: interior removation in a exising residential building on the 6th and 7th floors to combine units 601&701 per plans. (2019 cbrc use group r2 construction type 3b)
- Permit - renovation/alteration Jan 2024Complete
Self-cert 2019 cbrc - interior buildout of ground floor commerical space for new tavern in existing highrise mixed use building
- Permit - scaffolding Apr 2023
Erect four (4) scaffolds from 04/14/2023 through 04/14/2024
- Permit - easy permit process Mar 2023
Tuckpointing(1750 sqft),brick replace(300sq ft),sealant repairs(3300 lf),limestone patch(10sq ft).
- Permit - easy permit process Aug 2021
Tuckpointing - no structural work - 500 sqft
Chicago Department of Buildings
Safety and environment
FEMA natural hazard risk
Relatively High
Highest for this area: tornado, inland flooding, heat wave, cold wave. These drive insurance cost here.
FEMA National Risk Index, census tract
Leaking fuel tanks
20 within 1,650 ft
Nearest: B&B Parking, 633 South La Salle St. (800 ft), open. 6 still open. Ask whether groundwater or soil vapor testing was done.
EPA UST Finder, leaking underground storage tank releases
Brownfield site
1,850 ft
Industrial Scrap Recycling Company. Former industrial land in EPA's cleanup and reuse program.
EPA ACRES Brownfields
Toxic release facility
2,950 ft
Us Customs House Firing Range. Reports chemical releases to air, water or land to EPA each year.
EPA Toxics Release Inventory
Historic listing nearby
250 ft
Lakeside Press Building and 1 more listings close by. Exterior changes can need preservation review; listed buildings can qualify for rehabilitation tax credits.
National Park Service, National Register
Radon potential
Moderate
Average indoor levels of 2 to 4 pCi/L. EPA still suggests testing ground-floor and basement units.
EPA and USGS Geologic Radon Potential Map
Nearest public schools
300 ft
Jones College Prep High School (300 ft), South Loop Elem School (2,350 ft), Intrinsic 2 Charter High School (2,800 ft). Confirm the assigned school with the district.
U.S. Department of Education, NCES
Major airport
8.7 mi
Chicago Midway (MDW). Aircraft may be audible under approach paths.
FAA large-hub airports
Sinkhole-prone ground
Limestone karst
The bedrock here (dolostone (dolomite), Silurian) can dissolve and open sinkholes. Ask for a geotechnical report and check whether sinkhole coverage is in the insurance policy.
USGS Karst in the United States (OFR 2014-1156)
Conforming loan limit 2026
$832,750
Cook County. Mortgages up to this amount qualify for Fannie Mae and Freddie Mac pricing. Above it, the loan is a jumbo with stricter terms.
FHFA Conforming Loan Limit Values, one-unit
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Who lives and works in Chicago
Trading floors, logistics and the deepest architecture stock in America
Chicago carries a full corporate economy at a price the coasts do not match. Neighborhoods are distinct and walkable, two and three flats are everywhere, and the Loop still sets the commute for finance, law and consulting.
- $71,673
- median household income
- 18.9%
- residents aged 25 to 34
- 45%
- households that own their home
What pays the bills
- Finance and trading
- Logistics and rail
- Law and consulting
- Healthcare
- Manufacturing
Who anchors the economy
CME Group · Boeing suppliers · University of Chicago · Northwestern Medicine · United Airlines
The market is shaped around
- Young professionals
- Families buying space
- Two and three flat owners
More on South Dearborn Street
All addressesViewing recommendations
What's worth checking in person before deciding.
- Test water pressure and temperature at the tap, in the bathroom and kitchen, for at least a minute.
- Look at the stairwell (cleanliness, smell) and the association's notice board: unpaid dues, conflicts, recent decisions.
- Schedule a viewing on a weekday too, between 6:00 and 7:30 PM, the window when the building is busiest: neighbors, parking, elevator.
- Ask specifically where you'd park: is there paid city parking, who currently holds it, what the permit costs, and how long the waitlist is.
- Ask for the latest maintenance bill from a winter month, not a summer one: that's where the real cost of living there shows up.
- Knock on a neighboring door and ask two things: what bothers them most often, and what work is planned for the building.
Neighborhood recommendations are derived from public OpenStreetMap data and may be incomplete. Checking in person is still what matters most.