4-Level Brick and Timber Loft $10,000 Under 2017 Price: 2222 N. Racine in Lincoln Park
This 4-level loft in 2222 N. Racine in Lincoln Park came on the market in August 2019.
This building was constructed in 1911 and consists of 16 multi-level lofts and an attached parking garage. Not all of the units have parking.
This 4-level loft functions more like a townhouse or row home, than a condo.
It has authentic loft features including several levels of exposed brick and timber along with exposed ductwork.
The main level has a 2-story living room, the dining room and kitchen along with a half-bath which also has the washer/dryer in it.
The listing says the loft has a “commercial kitchen” with wood cabinets, what looks like stone counter tops and a luxury stainless steel stove.
There’s one bedroom on the second floor, one on the third and the master suite is on the fourth level.
The master suite has an en suite bath and the private rooftop deck is also accessed from the master bedroom.
The listing says the bathrooms have been updated with marble.
It has central air and attached garage parking is included.
Originally listed in August 2019 for $679,000, it has reduced $30,000 to $649,000.
That’s $10,000 under the 2017 purchase price of $659,000.
Will the reduced price finally get the sale done?
Tom McCarey at @Properties has the listing. See the pictures and floor plan here.
Unit #13: 3 bedrooms, 2.5 baths, no square footage listed, 4-levels, loft
- Sold in 1987 (no price in the CCRD)
- Sold in May 1992 for $274,000
- Sold in February 1994 for $305,000
- Sold in June 1998 for $380,000
- Sold in May 2002 for $485,000
- Sold in May 2011 for $565,000
- Sold in December 2017 for $659,000
- Originally listed in August 2019 for $679,000
- Reduced
- Currently listed at $649,000 (includes attached garage parking)
- Assessments of $297 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $7052
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 16×14 (fourth floor)
- Bedroom #2: 18×13 (third floor)
- Bedroom #3: 15×9 (second floor)
- Kitchen: 14×8 (main floor)
- Living room: 18×14 (main floor)
- Dining room: 14×12 (main floor)
- Laundry room: 3×3 (in the half bath on the main floor)
- Rooftop deck: 15×15 (fourth floor)
I kinda like this place but the original design is for shit
Calling this a 4 level is a joke, with the single step up to the deck, shocked they didn’t call it 5 level
Nice job fitting the wine fridge.
Deck accessed thru MBR – Fail
Nice (maybe) 2’ access way to the deck
The greater fool theory may have met its match
The layout is bad….the rooms feel cramped/narrow and the ceiling feels a bit low , especially for a loft. Not my cup of tea. But the price is fine for what it is.
They’ve made it nice for what it is. The kitchen fits in particularly well with the bones of the unit.
However, finishes are rough in areas (especially that 2nd bedroom), and lay out is awkward say the least. This doesn’t scream $0.7M property to me.
But then again, I’ve never been a fan of the industrial / loft style as a “home”.
This place is gross for so many reasons. I understand the location is decent..But dang – could someone spending over 500k ever get over the facade even? Forget all the internal work that’s needed.
To make this place ‘livable’ even for a modern family you would need to invest 100k at least. Way , way better places on the market. So, no, this is not a deal. By any means.
Does not look like 650k unit. The deck is pretty janky looking as well. Low ceiling in the master bathroom is depressing.
“This place is gross for so many reasons. I understand the location is decent..But dang – could someone spending over 500k ever get over the facade even? Forget all the internal work that’s needed.
To make this place ‘livable’ even for a modern family you would need to invest 100k at least. Way , way better places on the market. So, no, this is not a deal. By any means.”
The Façade is brick and glass. I’ll take it over CMU/Splitface, EFIS or Hardy
While agree that this isn’t family friendly, if the design wasn’t so shitty this could have been a pretty cool pad for pre retirement empty nesters. Top floor becomes an entertainment room access to deck; middle floor – MBR & Guest BR/Den, Lower As is.
Fair enough about the facade being brick and glass. Just meant that it looked very 80’/ aka dated, and nothing you can change about that.
If the interior had some appeal it would make up for it. but it doesn’t.
Actual taxes for 2018: $7,588.58
“Fair enough about the facade being brick and glass. Just meant that it looked very 80’”
Do you mean 1880s? These buildings were light industrial buildings for most of the 20th century.
Yes, the windows could stand to be updated, but I’m sure that would be a hard sell to the association.
They are playing the “listing / de-listing” game in an effort to hide all the price chops. Currently re-listed at $625K. For a 2-bed plus den/office with a deck accessible only through the master (and in need of a lot of TLC!!! Jeez why do people not maintain their stuff?!), I personally don’t see this selling for more than $575K and I personally wouldn’t pay more than $475K for it but I am sure others are not as conservative as I am when it comes to real estate pricing. The kitchen is not what I would have done, but there is a lot about it that I appreciate. I cannot get over how desperately that deck needs to be sanded and sealed. The listing photos looked rushed – – bed not properly made, broom against the glass door. I am guessing the finer details of any “work” that was done to this unit are also going to be weak. Master bed also appears open to below? Fail. Hate it when people try using tile scraps to create a “custom” pattern – – – just tiresome and busy looking.