Will McDonald’s Execs Want to Live in West Loop Lofts? A Penthouse at 110 N. Peoria

110-n-peoria

This 2-bedroom duplex up penthouse at 110 N. Peoria in the West Loop recently came on the market.

It’s a 2125 square foot authentic loft with exposed brick walls, soaring ceilings with steal beams and skylights.

Both bedrooms are on the second floor and have en suite baths.

There’s a half bath on the main floor along with the living room, dining room, kitchen and the massive private terrace with city views that has a built-in barbecue and planter boxes.

The kitchen has white cabinets and stainless steel appliances.

The loft has central air, washer/dryer in the unit and one parking space is included that the listing says will fit 2 cars.

Listed at $999,000, are million dollar lofts going to be bought by McDonald executives?

Nancy Tassone at Jameson Sotheby’s has the listing. See the pictures here.

Unit #501: 2 bedrooms, 2.5 baths, 2125 square feet, duplex up

  • Sold in February 1996 for $435,000 (did not include parking)
  • Sold in January 2006 for $742,000 (included the parking)
  • Sold in June 2013 for $722,500 (included the parking)
  • Currently listed for $999,000 (includes the parking)
  • Assessments of $475 a month (includes exterior maintenance, scavenger, snow removal)
  • Taxes of $10,061
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 21×14 (second floor)
  • Bedroom #2: 10×15 (second floor)
  • Deck: 36×22

19 Responses to “Will McDonald’s Execs Want to Live in West Loop Lofts? A Penthouse at 110 N. Peoria”

  1. They want $1mm for 2 bedrooms… Just need to let that sink in for a bit…

    I have no idea what the McD’s execs will want but this unit seems rather devoid of character that has typically defined lofts in the west loop. The area has changed quite dramatically in the last few years and I have to wonder if the influx of bourgeois has caused this vacuous transformation. I worked right next door to Peoria St Lofts and always wanted to live nearby but the area’s COL has skyrocketed. Very sad because it carries heavy nostalgia of when I was just getting started with my career and looking back there were so many real estate deals even with the gentrification-writing on the wall. I just couldn’t pull the trigger on any because I was born 3 years too late and didn’t have the financial footing. I hope JP Graz can stay in business and withstand the spike in property taxes in the area. Love their sandwiches.

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  2. Why are the taxes so low? Even if this place is worth $722,500, the taxes should be much higher. Maybe someone who knows Berrios lives here.

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  3. Yeah taxes are very low… wtf

    Also this place is just frankly bizarre… makes me feel uncomfortable just looking at the pictures

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    Rating: +5 (from 7 votes)
  4. The place has potential, but it is a little dated around the edges to be asking $1 million. West Loop is hot, but it ain’t that hot imho. I can think of other places I’d rather drop a $1 million. It is still only a 2 bed even though the living area is very large. I think the master is actually open to the living area below if you look at one of the living room pics, you can see where a bedroom is above on the mezzanine.

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  5. I don’t think Jan Terri would drink Old Style in this place

    The probability of a MCD exec going from a 6000sf Oakbrook home to this hovel is very low

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  6. For a $1MM two bedroom I would expect updated kitchen/bathrooms.

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  7. re: taxes
    I was thinking 10k taxes would be about 650k in assessed value, but it’s actually worse than that. Assessed Value is $468k, but no homeowner’s exemption. Someone in the building or their attorney knows Berrios for sure.

    re: execs
    It depends on the person, I know some McD’s people (not execs, but not much lower) who live in the city and commute out. One recently bought a house in Oak Park last year, figuring it shortened her commute to Oak Brook for now and she can take the Green Line once her dept moves. So, sure, the ones with yooge houses in Oak Brook aren’t moving. For some of them, I’d bet on a private shuttle bus to/from Union Station.

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  8. “The probability of a MCD exec going from a 6000sf Oakbrook home to this hovel is very low”

    Then who’s the buyer for this?

    $1 million isn’t exactly a DINK level (usually).

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  9. Then who’s the buyer for this?

    This particular unit – an idiot

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  10. I guess a McD’s exec who doesn’t know their way around a kitchen might be interested. What is up with the hood-vent-less kitchens??

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  11. A newly transplanted McD’s or Google exec from NYC who doesn’t know better. That’s the best they can hope for on this listing.

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  12. “Google exec from NYC”

    There are no Google execs from NYC or any other city here in Chicago. This is not Google’s headquarters. All they have here is some sales guys. I don’t know why everyone thinks Google has some big hub here. They don’t.

    Grubhub and Groupon are actually headquartered here. All their executives are here. If anyone is going to buy a more expensive property, it’s one of them.

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  13. Elliott posted “…hope JP Graz can stay in business..” I rec D’amato’s Bakery sandwiches @ Grand & May. Cheaper and better than Graziano imo. Better, quicker service and less of a cluster f-ck re figuring out when it’s your turn to order than Bari grocery next door. And D’amato’s has a tented sidewalk terrace w/tables & chairs. Also sells great cannoli or italian ice & espresso for after sandwiches.

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  14. “All [Google] have here is some sales guys”

    1. They’ve got 1,000+ employees here. That’s more than “some sales guys”.

    2. Most “sales guys” like to style themselves as “execs”, and I suspect Riz grants them that honorific, at least with the anonymity of the internet.

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  15. “Better, quicker service and less of a cluster f-ck re figuring out when it’s your turn to order than Bari grocery next door.”

    while it might be quicker, how difficult is it to stand in fucking line at bari?

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  16. “I guess a McD’s exec who doesn’t know their way around a kitchen might be interested. What is up with the hood-vent-less kitchens??”

    I’m looking at real estate in another city and have been for a while, lets just say that apparently hood vents are a luxury item… who knew

    I’ll never buy another property without one

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  17. Many developers didn’t bother putting the actual vents in to buildings, so the hood is just decoration. I never cook, so I don’t need a vent, but it’s disgusting to smell food smells in the hallways of buildings. Shame on developers for not putting in proper venting.

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  18. Even when there’s a hood, that doesn’t mean there’s a vent. I saw a hood that was just a charcoal filter and a recirculation fan.

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  19. “Even when there’s a hood, that doesn’t mean there’s a vent. I saw a hood that was just a charcoal filter and a recirculation fan.”

    That drives me mad. It’s like laminate counter tops with marble patterns. Why? If you’re a laminate counter top, be a laminate counter top. Own it. Don’t try to look like something you’re not. Don’t put a hood over an oven when there’s no vent for it. Don’t take up an entire room with a grand piano if you don’t know how to play the piano. Stop wasting space! It’s madness!

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