A 3-Bedroom Duplex Loft Penthouse With a Private Terrace in the West Loop: 850 W. Adams

850 w adams

This 3-bedroom duplex penthouse brick and concrete loft at 850 W. Adams in the West Loop came on the market in June 2017.

Located across from the popular Mary Bartelme Park, this industrial building has 35 units and was converted into lofts in 1998.

This duplex unit has 2700 square feet, including 1,000 square feet of outdoor space with a balcony and a 870 square foot private terrace.

It has North and East views out of large industrial windows.

The loft has authentic features including exposed brick and tall concrete ceilings.

The kitchen has Viking appliances and granite counter tops. Are those green or gray modern cabinets? I can’t tell from the pictures.

There are two bedrooms on the main floor, both of which have windows, and the third bedroom, or den, is on the second floor with a bathroom and access to the massive terrace.

The master suite has an attached bath with a steam shower and Carrera marble throughout.

This loft has all the other features buyers look for including central air, washer/dryer in the unit and 2-heated garage parking spaces which are included.

From the beginning, this building was considered a “luxury” loft building.

With the West Loop now one of the hottest neighborhoods in the city, does $1.695 million for this loft make sense?

Kim Korber at @Properties has the listing. You can see the pictures here.

Unit #7F: 3 bedrooms, 3 baths, 2700 square feet, duplex up

  • Sold in July 2006 for $1 million (included 2 parking spaces)
  • Originally listed in June 2017 for $1.695 million (including 2 parking spaces)
  • Currently still listed for $1.695 million
  • Assessments of $1050 a month (includes exterior maintenance, lawn care, scavenger)
  • Taxes of $12,073
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 18×18 (main level)
  • Bedroom #2: 16×16 (main level)
  • Bedroom #3: 18×18 (second level)
  • Terrace: 40×38 (second level)

 

 

10 Responses to “A 3-Bedroom Duplex Loft Penthouse With a Private Terrace in the West Loop: 850 W. Adams”

  1. “does $1.695 million for this loft make sense?”

    No.

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    Rating: +3 (from 5 votes)
  2. Never in my life would I have thought I’d see something in frickin Greektown selling at $628 a sqft

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    Rating: +1 (from 3 votes)
  3. “$628 a sqft”

    That place ain’t 2700sf indoors, unless the measurements on the floorplan are wrong. Looks like ~2550 to me, so $665 psf.

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    Rating: +1 (from 5 votes)
  4. I’m not sure what makes this building a “luxury” building. Does it have any amenities?

    Why aren’t the power lines buried?

    The layout seems weird to me. At this price point, I would want the second bedroom to have an en suite bathroom. I also don’t see the point of having such a huge laundry room when that space could be used as a powder room with laundry closet. There is so much wasted space in the bathrooms and yet no where to store toiletries.

    Fail.

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  5. “Why aren’t the power lines buried?”

    Because the developer of this building didn’t want to pay to bury the lines for another property.

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    Rating: +1 (from 1 vote)
  6. “Because the developer of this building didn’t want to pay to bury the lines for another property.”

    That screams luxury to me!

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  7. posted: ” “Why aren’t the power lines buried?”
    Because the developer of this building didn’t want to pay to bury the lines for another property. ”

    Ime issue is likely ComEd’s response to developer’s request for quote to bury powerlines (ComEd won’t allow developer’s subs to move lines (even if it’s a sub ComEd uses)):

    Ime ComEd quotes developers an arbitrary amount on take it or leave it basis, based in no small part on funding projects they’d like to do if someone else is paying. ComEd doesn’t quote a cost based on bidding the requested job.

    Ex: to bury existing lines thru a single tenant dev’t @ typical middle class Chgo intersection ComEd quoted non-negotiable $700,000. ComEd included burying line beginning 1/8 mile west, boring/burying line under arterial street east of site & unrelated offsite extras. The developer & tenant’s choices were either pay extra $5K month for buried powerlines, kill development or live with ugly powerlines. Project’s built but the lines look just like the ones pictured here

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  8. LOTS OF ROOM FOR JAN TERRI TO PARTY….
    AND POOP IN LOLZ!!!!!
    GO CUBBIES!!!!!

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    Rating: -5 (from 7 votes)
  9. Other than the deck, there’s a whole lotta fail going on.

    Is this really a penthouse? It looks there their are balconies above? At this price point, I dont want the mere plebes to be able to look at me.

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  10. “Ime issue is likely ComEd’s response to developer’s request for quote to bury powerlines”

    The lines in the pic service the *neighbor*. NOT this building.

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