Rowe Building
Life Span: 1892-Present
Location: 418-420 Dearborn (Old), 714 South Dearborn
Architect: William Le Baron Jenney
Chicago Tribune, December 27, 1892
A Dearborn Street Transfer.
A transfer recorded yesterday and a series of transfers placed on record early last week mark the completion of details in an exchange of two important properties. Gordon W. Allen sells the building Nos. 418 and 420 Dearborn street, with the leasehold of 40×70 feet, running back to Custom-House place to Richard Peck for $110,000. In part pay he takes the southeast corner of Harvard and Seventy-fourth streets in Auburn Park, at a valuation of $18,000, and minor properties on the West Side. The Auburn Park property is part of the Good-Luck tract and is improved with four of the seven brick houses which Mr. Peck agreed to build on the strip of land running from Stewart avenue to State street. The Dearborn street property is owned in fee by S. W. Rawson. It was leased by him to J. L. Campbell for fifty-nine years at an annual rental of $3,000 for the first five years and $3.500 for the remainder of the term. The building is an eight-story structure for the accommodation of printers.
Inter Ocean, May 20, 1892
Sold to Ohio Parties.
The building, Nos. 418 and 420 Dearborn street, eight stories, 50×64 feet, and the lease. hold interest in the for rentals—being $3,000 per year for five years and $3,500 per year for the balance of a fifty-years term, have been sold for Richard Peck to an an Ohio syndicate for $150,000. The building is considered worth $100,000, the balance of the purchase price being a bonus paid for the leasehold. In part payment $75,000 worth of Edison Park lots are taken. The negotiators were S. D. Murphy and Mr. Kenyon, of Bruner & Bruner.
Chicago Tribune, November 22, 1892
TRANSACTIONS IN REAL ESTATE.
Nos. 418 and 420 Dearborn Street Change Hands
The building and leasehold of Nos. 418 and 420 Dearborn street have again changed ownership. In this instance title has passed from Richard Peck to R. L. Cresey. Mr. Cresey takes title for outside investors, who are the real purchasers. The building is an eight-story brick structure covering a lot fifty feet wide running through from Dearborn street to Custom House place. The building was erected by ex-Ald. Campbell, who leased the ground from S. W. Rawson. The ground lease provides for an annual rental of $3,000 until Jan. 1, 1895, and of $3,500 for forty-five years from that time. At the end of the forty-five-year terra the owner of the fee is compelled either to buy the improvements or their value, or to extend the lease for fifty years at 6 per cent on the ground valuation determined by appraisal. The leasehold was assigned to Gorton W. Allen last year and soon after was traded to George Montgomery and Richard Peck. The present transfer is made on a valuation of 150,000, $100,000 for the building and $50,000.as a bonus for the leasehold. The building is partly occupied, one of the principal tenants being the Dearborn Laundry company.
- The clock tower of the Dearborn Street Station serves as a visual anchor to the Printing House Row District. To the right are the Franklin and Rowe buildings, which typify the functional loft-style printing house.
Chicago Tribune, December 3, 1893
Interests in a Dearborn Street Leasehold.
The prospects are that the title of the building at Nos. 418 and 420 Dearborn street will be finally straightened out and vested in G. W. Roe of Oshkosh, Wis. The fee, is owned by S. W. Rawson, who holds a first mortgage on the building. Through W. W. Hutchinson Mr. Roe has purchased the equity of the holders of the second, third, and fourth mortgages for something like $45,000. These mortgages have been foreclosed and the present owner of the equities in them stands ready to take care of the first mortgage. The building is 50×64 feet, running through from Dearborn street to Custom House place. The lot under the building was leased two years ago at an annual rental of $3,000 for five years and $3.500 for the remainder of a ninety-nine year term. The building is considered worth $100,000.
Chicago Daily Herald, July 28, 2001
Chicago luxury duplex on auction block
The Benj. E. Sherman & Sons Auction Services Group will hold an auction on Aug. 23 for a duplex penthouse situated atop the Rowe Building at 714 S. Dearborn St. in Chicago.
The Rowe Building is an eight-story plus penthouse historic property that features one condominium per floor and is located in the heart of Chicago’s Printers Row.
This urban home features 2,600 square feet of contemporary design with two bedrooms and 2½ baths and 14-foot vaulted ceilings.
On-site inspections are scheduled from 1 to 3 p.m. Aug. 4 and Aug. 12 and from 5:30 to 7:30 p.m. Aug. 16.
This home was previously priced at $850,000.
For an auction brochure, directions, and more details on the auction terms and conditions, call (312) 795-6379.
- Rowe Building
Sanborn Fire Insurance Map
1906
Leave a Reply