It’s Easy To Get a 2/2 South Loop Loft Under $300K Now: 1439 S. Michigan
This 2-bedroom loft in Trevi Square at 1439 S. Michigan in the South Loop just came on the market.
This unit is an authentic loft with exposed brick and 12 foot concrete ceilings.
It has hardwood floors, washer/dryer in the unit and central air.
The northeast corner loft also has new stone baths.
The kitchen has white cabinets and appliances with granite counter tops.
From the listing pictures, it appears that both bedrooms have windows (not a common feat in many lofts.)
This loft is listed at $299,000 if you include the $25,000 gated parking.
This is $7,000 under the 2007 purchase price of $306,000.
At 1150 square feet, compared to nearby high rises, is this a deal for the square footage and location?
Heather Hillebrand at Dream Town has the listing. See the pictures here.
Unit #505: 2 bedrooms, 2 baths, 1150 square feet
- Sold in September 1996 for $154,500
- Sold in August 2003 for $262,000
- Sold in April 2007 for $306,000
- Currently listed for $274,000 (plus $25,000 for parking)
- Assessments of $420 a month (includes cable)
- Taxes of $4329
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 17×14
- Bedroom #2: 10×12
This is neither a deal nor is it a 2 bedroom. Even the floor plan in the listing shows that.
It also looks like $10K of the price has been moved over to the parking space (so now at $264 + $35).
“This is neither a deal nor is it a 2 bedroom. Even the floor plan in the listing shows that.”
Listing sez it’s a 1/1.5, post calls it a 2/2–Sabrina’s sounding like a (bad) realtor.
this i a lot of space for a one bedroom, just sucks its in the sloop
Definitely a one-bedroom, and what’s with the listing featuring “20-foot ceilings”? Unless that camera has a very weird perspective, I don’t see more than 10-12 feet. Not bad, but not 20 feet.
Never mind — “Highlights” says 20 feet ceilings, but “Description” has a more realistic 12 feet.
“20 ft ceilings” is a lie. I’m so sick of all the fraudulent information in listings. You can even see in the description that they say that they’re 12 feet. Some fool is too careless to correct the wrong information and the right information is right there making them look foolish, or unethical. I wonder what other false information is being used to market this property. I’m also so sick of the “but how can we expect real estate agents to verify the information they provide” refrain, too. What a joke.
“Listing sez it’s a 1/1.5, post calls it a 2/2–Sabrina’s sounding like a (bad) realtor.”
It’s not a one bedroom. Maybe I linked to the wrong listing. I’ll link to Redfin.
Looks like a decent deal to me. Good in-town.
$300k for a two bedroom doesn’t seem like a good deal to me and I love the south loop. I think the condo market in most areas is still in decline. I don’t know why anyone would pay a premium to the 2003 price. My guess is that this place sells for either $230k or the sellers take it off the market.
i think the dreamtown listing is laughably incorrect. here is the redfin.
http://www.redfin.com/IL/Chicago/1439-S-Michigan-Ave-60605/unit-505/home/14083621
however, look at the other place in this building. yikes!
http://www.redfin.com/IL/Chicago/1439-S-Michigan-Ave-60605/unit-103/home/14083346
The Dream Town listing definitely has it as a 1/1.5, with the floorplan to match, but the Redfin link has a virtual floor plan that shows a 2nd bedroom and the corresponding floor plan. Does not really inspire confidence.
JJJ — I think Sabrina linked to the wrong condo initially. The one currently linked is a 2/2. Still don’t see how they expect to get more than the 2003 sale.
Michael, the old link still listed the correct unit number and the pictures, while apparently older or taken at a different time (there are few differences) appear to be of the same unit.
Weird — then I have no idea. Sabrina?
“the old link still listed the correct unit number and the pictures, while apparently older or taken at a different time (there are few differences) appear to be of the same unit.”
Would make sense if the realtor used the shell from another listing, changing some, but not all, of the info.
But see, this (a brochure for #505, showing 1/1.5):
http://www.dreamtown.com/properties/brochures/1439-s-michigan-505-brochure.pdf
“But see, this (a brochure for #505, showing 1/1.5):”
Okay, looks like that was a “before” from when they listed in 2010–looks like they built out a room for the crib.
Warning…post highjack…But did anyone see that the six flat turned single family home monstrosity in North Center (2216 West Grace) closed for $1.435……That was big cribchatter topic.
At least they look pretty in the pictures. That’s what really important, right?
The pictures make the place seem cramped but it seems nice. Maybe $269 with parking?
“did anyone see that the six flat turned single family home monstrosity in North Center (2216 West Grace) closed for $1.435”
Yes. Noted in the two threads for the house.
This is definitely a 2/2. I’ve been in it. The original link must have been incorrect.
Parking is included in the price, but the downside is that it is not garage parking, only a gated lot.
“The original link must have been incorrect.”
Original link was merely out of date–from the 2010 listing when it *was* a one BR.
Also, after seeing the brochure, it looks like they put up some walls and made it a 2/2 as well as installing laundry in the unit.
“It’s not a one bedroom. Maybe I linked to the wrong listing. I’ll link to Redfin.”
wow making a two bredroom really killed the place for me, the previous pics showed an awesome amount of space not it just looks cramped and cookie cut to me.
FAIL. just like HD’s combover
“FAIL. just like HD’s combover”
Ha! I’ve got a full head of hair and I’ve got good genes so I don’t plan on losing it anytime soon.
But I am getting cramped in my studio in uptown. The roaches are everywhere and the warm weather brought out the termites and flying ants early this year. They’ll all up in my cats food bowl every morning, so gross.
“I’ve got good genes………and………But I am getting cramped in my studio in uptown.”
Error Error does not compute 😉
“t I am getting cramped in my studio in uptown. ”
good thing you have something else in the works.
” I’d personally build a spec home myself if I didn’t already have another deal underway.”
now is the studio in Uptown your in-town and the 1 bdrm apartment in OIP your primary residence or the other way around?
Is this the building that, many years ago, was a maternity hospital?
ChiTownGal, I believe that it was. Pretty red brick midrise building with a courtyard. The hospital was Mother Cabrini or something, right?
Actually Josh it was the old St. josephs hospital. I live in that building.
And on other topics, in no place are any of our ceilings 20 ft. 18 for the 1st floor units and the upper floors have 10-12 foot ceilings. where that realtor got that info is beyond me.
I’ve seen a unit in this building. The building is definitely unique and although not my taste, the lobby is pretty cool. The unit I saw was a first floor duplex-up 2/2 and boy was it tiny. Both bedrooms were 9×10; however the unit had some really cool arched windows and exposed brick. Overall I’d say it was about 1000 sq ft, if even that. The Realtor listed it as 1300+ sq ft. I really hate it when agent’s over state sq footage! There should be penalty for grossly misrepresenting the sq footage of real estate.