Is the West Loop Now the Hottest Neighborhood for Price Gains? A 2-Bedroom at 203 S. Sangamon

203-s-sangamon-approved

This 2-bedroom duplex in the Beacon Lofts at 203 S. Sangamon in the West Loop came on the market in May 2016.

This loft has 18 foot ceilings and faces south.

While it has the tall ceilings and exposed duct work,  it doesn’t have exposed brick, beams or other factory type features.

But it does have 1840 square feet.

One bedroom and a den are on the main floor and a second bedroom is on the second level.

The kitchen has granite counter tops and black appliances with 42 inch cabinets.

The loft has all the features buyers look for including central air, washer/dryer in the unit and garage parking, which is $30,000 extra.

This loft is located right in the middle of the West Loop, which means you can walk to a variety of restaurants on Randolph Street, various supermarkets and even stroll over to Greektown.

Originally listed for $699,900, which was 70% appreciation over the 2012 sale price, it has been reduced over the last few months.

There’s always one neighborhood that sees incredible appreciation during a boom.

Last time, Lincoln Square was the big winner.

Will it be the West Loop this time?

Gorge Furla at North Clybourn Group has the listing. See the pictures here.

Unit #310: 2 bedrooms, 2 baths, duplex, 1840 square feet

  • Sold in August 1999 for $309,000
  • Sold in November 2004 for $420,000
  • Sold in October 2012 for $410,000
  • Originally listed in May 2016 for $699,900
  • Reduced
  • Currently listed for $649,000 (parking is $30,000 extra)
  • Assessments of $505 a month (includes cable, exercise room, scavenger, Internet)
  • Taxes of $7872
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 16×12 (second floor)
  • Bedroom #2: 14×12 (main floor)
  • Den: 12×10 (main floor)

 

 

20 Responses to “Is the West Loop Now the Hottest Neighborhood for Price Gains? A 2-Bedroom at 203 S. Sangamon”

  1. BOOM??? IT’S ALL ABOUT THE BASS, THE BASS!!!!

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    Rating: -10 (from 20 votes)
  2. for the price, i’d expect something that’s been updated some more and better maintained. what’s up with the ceilings in this place…why so dirty.

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    Rating: +2 (from 8 votes)
  3. Too bad those “idiots” caught a falling knife in 2012 huh

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    Rating: +1 (from 9 votes)
  4. And yikes, that ceiling needs a new coat of paint, and dust off your fan blades in the living room… gross!

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    Rating: +2 (from 6 votes)
  5. This ain’t 1840 SF. Even if you count the 200 sf deck. Might be about right if you count the parking space.

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    Rating: 0 (from 4 votes)
  6. They should take that deer head down. I wouldn’t buy a place from someone who kills animals for fun, no matter how awesome the place.

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    Rating: 0 (from 10 votes)
  7. Its an elk

    What if you killed it for its delicious meat?

    The spray painted Caribou antlers are really bad though and screams douchebag lawyer overcompensating

    This place is a hot mess for the ask

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    Rating: +4 (from 8 votes)
  8. Enough with the West Loop already! Aren’t there more interesting areas to chat about in Chicago? Yes, West Loop is having it’s day-but the price inflation of these lofts are ridiculous! I’m sure this will sell close to $600K and change. Amazing the present net on these late 90’s/early 2000’s units in the West Loop! Needs updating and seems overly cramped for almost 2000 square feet-also, that open master yuck…

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    Rating: +1 (from 3 votes)
  9. They wouldn’t have a trophy on the wall if they killed it for the sole purpose of eating it. They killed it for fun and are now bragging about their murderous intentions. The sad part is that they have kids and those kids will grow up thinking that killing is something fun.

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    Rating: +1 (from 11 votes)
  10. Jenny, I just got this from north park nature center, are you going?

    “All About Turtles
    Bring your turtles or just your curiosity to the Turtle Club’s monthly get-together.”

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    Rating: +5 (from 11 votes)
  11. I guess the dirty fan blades and awful ceiling point out to a prospective buyer that basic cleaning of this unit would be a PITA….not to mention, are the ceilings just dirty or do we have a water damage issue?

    Agree with others, sub-par fit and finish for the price. Looks cramped. Could use the help of a professional staging co.

    Basic low cost updates that could get them more money (albeit I hope no one is dumb enough to pay the current ask): Add a back-splash in that super cheaply finished kitchen, upgrade all appliances. If you really want to improve it, run plumbing to and replace the kitchen island….paint everything neutral so it looks fresh and clean.)

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    Rating: +1 (from 5 votes)
  12. DZ, I’ll have to check out that turtle event!

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  13. Ugh, enough with the boring, overpriced West Loop properties already.

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    Rating: +1 (from 9 votes)
  14. Luis_Carruthers on July 27th, 2016 at 4:24 pm

    “Could use the help of a professional staging co.”

    Anyone have ideas on what these run? Obviously several factors involved, but for purpose of estimate, lets say 1200 sqft and 30 days.

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    Rating: +1 (from 3 votes)
  15. Those kids will learn that dinner doesn’t come from Whole Foods

    Meat is murder!

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    Rating: +2 (from 6 votes)
  16. @Luis–my guess is it could be pricey… $2,000-$5,000 but when you are looking to make as much as these folks are, without lifting a finger, it pays for itself.

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    Rating: +1 (from 3 votes)
  17. But there is probably a huge price diiference between having the “stager” work with what you already own vs. Filling an empty space.

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    Rating: +1 (from 3 votes)
  18. Staging would be fine but all they really need to do is put things in storage. And start with that offensive animal head. They have a polar bear skin blanket on the bed too. And I am currently driving to the west loop for a project and thankfully, it ends tomorrow. I hate all the trucks over there, all over, all the time. And the roads over there are in bad shape. It’s a driving nightmare.

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  19. “Meat is murder!”

    Tasty, tasty murder

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    Rating: +6 (from 6 votes)
  20. Jenny

    FOOD =LIFE

    you are another leftist

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    Rating: -1 (from 3 votes)

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