How Long Do You Live in a Loft? A 3-Bedroom at 1201 W. Wrightwood in Lincoln Park

1201-w-wrightwood

This 3-bedroom loft in the Gaertner Building at 1201 W. Wrightwood in Lincoln Park just came on the market.

If it looks familiar, that’s because we last chattered about it in February 2013. See our chatter here.

It’s a rare 3-bedroom loft and we debated whether you could raise your kids there with Clio arguing that most couples that had kids would eventually move to the suburbs.

If you recall, it has authentic loft features including exposed brick and large industrial windows with tall ceilings.

The loft has a private tiered deck and the bedrooms are enclosed, so there is more privacy than you might find in some lofts.

The kitchen has been renovated since 2013 and now has modern gray cabinets, a large island, quartz counter tops, stainless steel appliances and a glass backsplash.

It has the features buyers look for including central air, washer/dryer in the unit and highly coveted 2-car parking.

The loft is in the Oscar Mayer school district and there’s a Starbucks directly across the street.

This property last sold less than 4 years ago.

Do lofts have faster turnover than other condos?

Melanie Giglio at Jameson Sotheby’s has the listing. See the pictures here.

Unit #7: 3 bedrooms, 3 baths, no square footage listed, 2 car parking

  • Sold in August 2001 for $504,500
  • Sold in September 2003 for $550,000
  • Sold in August 2005 (messed up price in the ccrd)
  • Sold in June 2008 for $780,000
  • Originally listed in November 2012 for $699,000
  • Sold in May 2013 for $653,000
  • Currently listed at $799,900 (includes 2-car garage parking)
  • Assessments are now $486 a month (they were $427 a month in February 2013)- it includes exterior maintenance, scavenger, and snow removal
  • Taxes are now $9099 (they were $9213 in 2013)
  • Bedroom #1: 19×12
  • Bedroom #2: 13×10
  • Bedroom #3: 11×11

9 Responses to “How Long Do You Live in a Loft? A 3-Bedroom at 1201 W. Wrightwood in Lincoln Park”

  1. Wow, what happened between 2008 and 2013 for them to take such a bath? The timing for that to happen makes no sense given market conditions.

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  2. Link to the listing: https://www.redfin.com/IL/Chicago/1201-W-Wrightwood-Ave-60614/unit-7/home/12576960

    Both links above lead to the previous CC post…

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  3. Prices were still quite high in 2008, especially in “immune” Lincoln Park

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    Rating: +2 (from 4 votes)
  4. The headline makes it sound like lofts significantly reduce your lifespan. Killer lofts!

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    Rating: +5 (from 7 votes)
  5. Prices were still quite high in 2008, especially in immune “Lincoln Park”

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  6. Looks like a great place to liver! And perhaps the sale has zero to do with it being a loft or a desire to move to the burbs. Anyone ever hear of someone that changes jobs Arond every three to five years? Often those changes result in a move to another city.

    Lofts are frat places to live. Even with kids. We spent 12 years in ours and really miss that vibe. The third kid factor andscholls was indeed the culprit for us. And it was worth the move. Change is part of life.

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  7. Love the interesting words that auto correct came up with above.
    Despite the typos I suspect that you can figure out what I meant.

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  8. 3 kids and still drinkin at 2AM on a Saturday night?

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  9. Sometimes I think that three kids makes you drink more on a Saturday night. But more likely at the suburban living room bar in your home than at the bars of Wrigley or Bucktown.

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