Developer Still Selling Units at Chantico Lofts in Pilsen

The gentrification of Pilsen continues to move further west, away from the Pilsen Arts District that surrounds 18th and Halsted.

The Chantico Lofts at 1061 W. 16th Street was a recent conversion of an old industrial brick and timber building into lofts.  With 42 units, its price points were a bit ambitious for a project in Pilsen that borders the Metra train tracks and is further west.

The building is gorgeous and the lofts sport tons of brick.  There aren’t many “authentic” loft conversions left in the city.

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The developer is still trying to sell a handful of the units, mainly the most expensive 3 bedroom, 2 bath units on the top floor.  These three units are selling from $367,900 to $407,000

The building only closed late in 2006 and early in 2007, but there are some owners who are already selling.  I’ve also seen several rentals in the building.

Unit #301: 1 bedroom, 1 bath, 650 square feet

  • Sold in December 2006 for $201,205
  • Currently listed for $229,000 with one covered parking included
  • Baird and Warner has the listing

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Unit #111: 2 bedrooms, 2 baths, 1474 square feet

  • Sold in December 2006 for $313,893
  • Currently listed for $329,900 (with parking extra?)
  • Century 21 S. G. R. has the listing

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4 Responses to “Developer Still Selling Units at Chantico Lofts in Pilsen”

  1. These looks pretty nice. Creepy terraces/balconies, nice finishes and brick though. No clue where they are located.

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  2. dave: “No clue where they are located.”

    It’s directly across the railroad tracks from the south end of University Village, between Morgan and Racine. Calling it Pilsen is a technicality at this point.

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  3. I was looking to buy in Pilsen in 2003 and 2004. I am so glad I didn’t. The neighborhood still has a high crime rate and the condos are sandwiched between unsafe teardowns.

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  4. We appreciate your comments on our loft conversion at Chantico Lofts. This building turned out particularly nice and we think the price points for the building were actually very appropriate–especially the one bedrooms that sold out almost immediately.

    The only thing I must say is that the building in no way should be considered a catalyst for gentrification. The meaning of gentrification is displacing lower income people with higher income people often times with less density. This building was a nearly vacant industrial building, so zero people were displaced…AND we rezoned the building to have DOUBLE the units originally alloted to it creating more density. This is the opposite of gentrification.

    We’re excited to be currently constructing a new, 9-unit construction building directly south of the loft building facing Carpenter Street–Chantico South. We’ll be having an open house soon. Keep your eyes peeled.

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