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  5. 740 S Federal St
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740 S Federal St

740 S Federal Street, Chicago, IL, 60605

YEAR BUILT

1912

# STORIES

12

# TOTAL UNITS

129

UNIT SIZE RANGE

600-1,550 sqft

Description

The building at 740 S Federal Street is a high-rise located in the heart of Chicago. This striking 12-story structure was built in 1912 and offers a total of 128 units. Residents can choose from 1, 2, or 3 bedrooms with sizes ranging from 1,450 to 1,550 square feet. Pricing here ranges from $339,900 to $365,000. The average selling price sits around $227,500, translating to about $220 per square foot over the past year. Units have been on the market for an average of 72 days, allowing ample time for buyers to make decisions. Amenities enhance the living experience. Residents enjoy access to a business center, exercise room, and a receiving room. There’s also an on-site restaurant and the convenience of valet services. Laundry facilities and private laundry hook-ups add to the comfort of each home. Parking is available for residents, making it easy to come and go. The nearby area features several dining options, including Trattoria Caterina and Amarit Thai Restaurant. Pat's Pizzeria is also just around the corner, adding to the local charm. The building's location is near major roads, providing easy travel throughout the city. The proximity to local parks allows for outdoor enjoyment. Living here means a blend of urban lifestyle and convenience, plus access to nearby Lake Michigan for those who love waterfront activities.

Building ImageMLS ID #12305476
Building ImageMLS ID #12294956
Building Image
Building ImageView Listing

740 S Federal St

740 S Federal Street, Chicago, IL, 60605

YEAR BUILT

1912

# STORIES

12

# TOTAL UNITS

129

UNIT SIZE RANGE

600-1,550 sqft

Description

The building at 740 S Federal Street is a high-rise located in the heart of Chicago. This striking 12-story structure was built in 1912 and offers a total of 128 units. Residents can choose from 1, 2, or 3 bedrooms with sizes ranging from 1,450 to 1,550 square feet. Pricing here ranges from $339,900 to $365,000. The average selling price sits around $227,500, translating to about $220 per square foot over the past year. Units have been on the market for an average of 72 days, allowing ample time for buyers to make decisions. Amenities enhance the living experience. Residents enjoy access to a business center, exercise room, and a receiving room. There’s also an on-site restaurant and the convenience of valet services. Laundry facilities and private laundry hook-ups add to the comfort of each home. Parking is available for residents, making it easy to come and go. The nearby area features several dining options, including Trattoria Caterina and Amarit Thai Restaurant. Pat's Pizzeria is also just around the corner, adding to the local charm. The building's location is near major roads, providing easy travel throughout the city. The proximity to local parks allows for outdoor enjoyment. Living here means a blend of urban lifestyle and convenience, plus access to nearby Lake Michigan for those who love waterfront activities.

Next

Description

The building at 740 S Federal Street is a high-rise located in the heart of Chicago. This striking 12-story structure was built in 1912 and offers a total of 128 units. Residents can choose from 1, 2, or 3 bedrooms with sizes ranging from 1,450 to 1,550 square feet. Pricing here ranges from $339,900 to $365,000. The average selling price sits around $227,500, translating to about $220 per square foot over the past year. Units have been on the market for an average of 72 days, allowing ample time for buyers to make decisions. Amenities enhance the living experience. Residents enjoy access to a business center, exercise room, and a receiving room. There’s also an on-site restaurant and the convenience of valet services. Laundry facilities and private laundry hook-ups add to the comfort of each home. Parking is available for residents, making it easy to come and go. The nearby area features several dining options, including Trattoria Caterina and Amarit Thai Restaurant. Pat's Pizzeria is also just around the corner, adding to the local charm. The building's location is near major roads, providing easy travel throughout the city. The proximity to local parks allows for outdoor enjoyment. Living here means a blend of urban lifestyle and convenience, plus access to nearby Lake Michigan for those who love waterfront activities.

740 S Federal St Market Stats Last 12 months

Avg. Listed Price$269,800($232/Sqft.)
Avg. Sale Price$266,250($225/Sqft.)
Year over year list priceUp Arrow43.85%
Year over year sale priceUp Arrow 47.10%
Total Listings6 Listed
Total sold4 Sold
Average Days on Market59 days
Average HOA fees per sqft$2 /monthly
Next

Market Stats

Year over year list priceUp Arrow43.85%
Year over year sale priceUp Arrow47.10%
Total Listings6 Listed
Total sold4 Sold
Average Days on Market59 days
Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

High
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Medium
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

740 S Federal St Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 10011001126022362022-04-01
MLS#: 11332295 		Closed$339,900
Unit 10011001126022572021-11-05
MLS#: 11214426 		Closed$328,000
Unit 501501126022362019-06-19
MLS#: 10355261 		Closed$365,000
Unit 1001
1001

2 Beds

2 Baths

1260 sqft

DateStatusPrice
2022-04-01Closed$339,900
MLS#: 11332295
Days On Market36
Unit 1001
1001

2 Beds

2 Baths

1260 sqft

DateStatusPrice
2021-11-05Closed$328,000
MLS#: 11214426
Days On Market57
Unit 501
501

2 Beds

2 Baths

1260 sqft

DateStatusPrice
2019-06-19Closed$365,000
MLS#: 10355261
Days On Market36
View Complete Unit Listing HistorySource By: MRED

Amenities

Now, what’s a great condo without some fantastic amenities? At 740 S Federal Street, you'll find an exercise room for your fitness goals, a business center perfect for remote work, and even a health club to help you stay active. There’s also a laundry facility and private laundry hookups, which is super handy. Other features include convenient valet service, bike storage, and a receiving room. Imagine enjoying these perks while living just moments away from all that downtown Chicago has to offer!

Next

Amenities Description

Now, what’s a great condo without some fantastic amenities? At 740 S Federal Street, you'll find an exercise room for your fitness goals, a business center perfect for remote work, and even a health club to help you stay active. There’s also a laundry facility and private laundry hookups, which is super handy. Other features include convenient valet service, bike storage, and a receiving room. Imagine enjoying these perks while living just moments away from all that downtown Chicago has to offer!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
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Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Private Laundry Hkup

Private Laundry Hkup

Receiving Room

Receiving Room

Bike Room/Bike Trails

Bike Room/Bike Trails

Business Center

Business Center

Restaurant

Restaurant

Storage

Storage

Service Elevator(s)

Service Elevator(s)

High Speed Conn.

High Speed Conn.

Valet

Valet

Policies

If you’re a pet lover, you’ll be happy to know that both dogs and cats are allowed here, though there are some size limits and additional pet rent may apply. Guests and family are welcome to visit, but there may be a limit on the number of residents, and a deposit is required when renting a unit. These policies help maintain a lovely living environment for everyone.

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Amenities Description

If you’re a pet lover, you’ll be happy to know that both dogs and cats are allowed here, though there are some size limits and additional pet rent may apply. Guests and family are welcome to visit, but there may be a limit on the number of residents, and a deposit is required when renting a unit. These policies help maintain a lovely living environment for everyone.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
740 S Federal St$225/sqft.$2 /sqft.
780 S Federal St$234/sqft.$2 /sqft.
780 S Federal St$229/sqft.$2 /sqft.
740 S Federal St$225/sqft.$2 /sqft.
547 S Clark St$304/sqft.$3 /sqft.
Harrison Street Lofts$304/sqft.$3 /sqft.

Nearby Schools

740 S Federal St is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|0.13 miles away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|0.2 miles away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|0.26 miles away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|0.42 miles away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.54 miles away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|0.56 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

740 S Federal St is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|Less than 1 Mile Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|Less than 1 Mile Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|Less than 1 Mile Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|Less than 1 Mile Away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|Less than 1 Mile Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|Less than 1 Mile Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|Less than 1 Mile Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|Less than 1 Mile Away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|Less than 1 Mile Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.03 Miles Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|1.24 Miles Away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|1.25 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|1.32 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|1.37 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.43 Miles Away

Intercultural Montessori Language School

--
Private|Grades PK–8
114 S Racine Ave|1.46 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.56 Miles Away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|1.56 Miles Away

Jackson a Elementary Language Academy

A+
Public|Grades KG–8
1340 W Harrison St|1.59 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|1.60 Miles Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.64 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.65 Miles Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|1.66 Miles Away

Montessori Academy of Chicago

--
Private|Grades PK–8
1335 W Randolph St|1.69 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|1.71 Miles Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|1.72 Miles Away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1.74 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|1.75 Miles Away

Young Magnet High School

A+
Public|Grades 7–12
211 S Laflin St|1.76 Miles Away

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|1.77 Miles Away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.77 Miles Away

STEM Magnet Academy Elementary School

A-
Public|Grades KG–8
1522 W Fillmore St|1.84 Miles Away

Crane Technical Preparatory High School

--
Public|Grades 12–12
|1.85 Miles Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|1.88 Miles Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|1.90 Miles Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|1.94 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|1.95 Miles Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|1.95 Miles Away

Ogden Intermediate High School

A
Public|Grades 9–12
1250 W Erie St|1.99 Miles Away

Pilsen Elementary Community Academy

D
Public|Grades PK–8
1420 W 17th St|1.99 Miles Away

Transit

Located in South Loop / Near South Side, 740 S Federal St is surrounded by 50+ public transit options within 2 miles. Residents enjoy easy access to well-connected transit routes serving key areas of Chicago. Reliable public transportation simplifies commuting and enhances everyday mobility. This accessible setting promotes a connected and efficient urban lifestyle.

1100 S Columbus (Pedestrian Underpass)

0.6 miles away|12 min walk

1440 S Indiana

0.9 miles away|18 min walk

18th St.

1.27 miles away|25 min walk

18th Street & Blue Island

1.96 miles away|38 min walk

18th Street & Carpenter

1.64 miles away|32 min walk

18th Street & Halsted

1.42 miles away|28 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Located in South Loop / Near South Side, 740 S Federal St is surrounded by 50+ public transit options within 2 miles. Residents enjoy easy access to well-connected transit routes serving key areas of Chicago. Reliable public transportation simplifies commuting and enhances everyday mobility. This accessible setting promotes a connected and efficient urban lifestyle.

1100 S Columbus (Pedestrian Underpass)

0.6 miles away|12 min walk

1440 S Indiana

0.9 miles away|18 min walk

18th St.

1.27 miles away|25 min walk

18th Street & Blue Island

1.96 miles away|38 min walk

18th Street & Carpenter

1.64 miles away|32 min walk

18th Street & Halsted

1.42 miles away|28 min walk

18th Street & Peoria

1.48 miles away|29 min walk

18th Street & Racine

1.77 miles away|34 min walk

18th Street & Sangamon

1.52 miles away|30 min walk

18th Street & Throop

1.86 miles away|36 min walk

2300 S Halsted

1.84 miles away|36 min walk

25th Street & Michigan

1.91 miles away|37 min walk

320 N LaSalle

0.98 miles away|19 min walk

321 N LaSalle

0.98 miles away|19 min walk

327 W Roosevelt

0.57 miles away|11 min walk

333 S Franklin Street (Chicago)

0.32 miles away|7 min walk

350 S. Clark Street (Chicago)

0.21 miles away|4 min walk

530 W Grand

1.34 miles away|26 min walk

700 W Chicago

1.72 miles away|34 min walk

900 W Harrison

0.99 miles away|19 min walk

900 W Roosevelt

1.12 miles away|22 min walk

900 W Taylor

1.02 miles away|20 min walk

Adams & Canal

0.59 miles away|12 min walk

Adams & Clark

0.35 miles away|7 min walk

Adams & State

0.36 miles away|7 min walk

Adams & S. Wacker

0.48 miles away|10 min walk

Adams & Wabash

0.41 miles away|8 min walk

Adams/Wabash

0.4 miles away|8 min walk

Adams & Wells

0.4 miles away|8 min walk

AM Michigan & Randolph (Chicago)

0.75 miles away|15 min walk

Archer & 23rd Place

1.75 miles away|34 min walk

Archer & Canal

1.66 miles away|32 min walk

Archer & Cermak/Princeton

1.5 miles away|29 min walk

Archer & Dearborn

1.28 miles away|25 min walk

Archer & Grove

1.77 miles away|34 min walk

Archer & Lowe

1.96 miles away|38 min walk

Archer & Normal

1.81 miles away|35 min walk

Archer & Red Line Station

1.38 miles away|27 min walk

Archer & Wallace

1.87 miles away|36 min walk

Archer & Wentworth

1.38 miles away|27 min walk

Ashland & Adams

1.91 miles away|37 min walk

Ashland & Harrison

1.88 miles away|37 min walk

Ashland & Jackson

1.91 miles away|37 min walk

Ashland & Madison

1.95 miles away|38 min walk

Ashland & Polk

1.89 miles away|37 min walk

Ashland & Roosevelt

1.95 miles away|38 min walk

Ashland & Taylor

1.9 miles away|37 min walk

Ashland & Van Buren

1.89 miles away|37 min walk

Balbo & Columbus

0.47 miles away|10 min walk

Balbo & Michigan

0.32 miles away|7 min walk

The Neighbourhood: South Loop / Near South Side

South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.

Next

Neighbourhood Description

South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.

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740 S Federal St Demographics

Age Demographics

0–14 Years

7.18%

15–29 Years

31.49%

30–44 Years

35.54%

45–59 Years

14.07%

60+ Years

11.72%

Commute

19.85%

Transit

27.58%

Walk

28.59%

Drive

1.47%

Bike

Housing Ownership

39.45%

Owner Occupied

60.55%

Rental Units

Household Types

Single Family
9.38%
Multi Family
0.81%
Single Person
52.84%
Multi Person
47.16%

Average Income

Household:$10,981,323.87 /yr

Individual:$9,244,281.67 /yr

Education

Bachelors Degree36.62%
High School College3.92%
Diploma3.82%
Post Graduate44.27%
Others11.37%
Next

Education

Diploma3.82%
Post Graduate44.27%
Others11.37%
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  1. Home
  2. /Chicago, IL
  3. /
    740 S Federal St
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