Do you like the unusual? Maybe this Bronzeville loft is for you
It used to be, before the boom, that living in funky units in far out locations meant it was dirt cheap. Ten years ago, you could buy a condo in Printers Row for $80,000. The first wave of gentrifiers was rewarded with price appreciation.
Not anymore.
Described in the listing as “3000 square feet of supurb luxury” this condo in Bronzeville at 40th and South Michigan Avenue is on the second and third floors of a commercial/residential building. In the listing for a unit on the first floor listed for $219,000, it states:
FIRST OF EIGHT BRAND NEW 1000 SF CONDOS. PERFECT FOR OFFICE, RETAIL, NON-SURGICAL MEDICAL. OPPORTUNITY TO GET IN BEFORE THE AREA REALLY EXPLODES. RAPIDLY DEVELOPING AREA AND BLOCK ON PERSHING RD. BEAUTIFUL BUILDING. CURRENTLY RAW SPACE, DELIVERY AS VANILLA BOX OR BUILD OUT NEGOTIABLE. CONVENIENT TO X-PRESSWAY AND LAKESHORE 3000 SQ FT LUXURY DUPLEX ABOVE;
They renovated the second floor, putting in bosch appliances (of course!) and “brazilian cherry floors.”
Is it enough to make you shell out the big bucks in that neighborhood?
Unit #2: 3 bedroom, 2.5 bath, 3000 square feet, duplex up
- Currently listed for $509,000
- Assessments of $150 a month
- First Chicago Realty Corp has the listing
The building looks lonely. There’s nothing oneither side of it.
I agree. That’s why I wonder who will pay over $500,000 for this location.