This 2-bedroom at 1016 W. Madison in the West Loop came on the market in May 2016.
This 8-unit elevator building with just 2 units per floor was converted into condominiums in 1998 but it’s not a loft. It’s one of the rare, older boutique buildings in this neighborhood.
This unit has 14-foot ceilings and, the listing says, new windows.
The kitchen was gut-finished in 2015 and has custom white cabinets, stainless steel appliances including a double oven and quartz counter tops.
The listing says the bathrooms have been updated.
It has all the features buyers look for including central air, washer/dryer in the unit and garage parking.
Originally listed in May for $740,000, it has been reduced $10,000 to $730,000.
It’s rare to see a property on the market for long in this hot neighborhood. This has been listed for 70 days.
Is an upper price limit developing for 2-bedroom condos in the West Loop?
Jo Simmons at Midwest Realty Services has the listing. See the pictures here.
Unit #2S: 2 bedrooms, 2 baths, 1850 square feet
- Sold in August 1998 for $270,000
- Sold in June 2014 for $560,000
- Originally listed in May 2016 for $740,000
- Currently listed for $730,000 (including the parking)
- Assessments of $493 a month (includes scavenger, snow removal)
- Taxes of $7177
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 15×12
- Bedroom #2: 17×10
- Laundry room: 6×7