1876 Street Car Repair Shop Renovated Into Massive Loft: 1623 W. Ohio in West Town
This 3 bedroom brick loft at 1623 W. Ohio in West Town was renovated into a home in 2005 but not after it spent 129 years as a commercial space. Apparently it was once a street car repair shop.
The home is almost 5,000 square feet and has 14 foot ceilings.
The kitchen is decked out with 8 double stack burners and double Subzeros. It has Anne Sacks tile. According to the listing the loft has a “brain” with 3 touch panels.
Mike Morrison at Exit Realty has the listing. See the pictures here.
1623 W. Ohio #1: 3 bedrooms, 4 baths, 2 car garage, 4971 square feet
- Sold in March 2005 for $1.3 million (per the Tribune records)
- Currently listed for $1.599 million
- Taxes of $24,910
- Central Air
- Washer/Dryer
- I can’t tell if this is a single family home or actually a condo unit. There doesn’t appear to be any assessment. I also can’t find any record of a second unit.
900k
Yawn. The description sounds cool, but the photos fall pretty flat. I would much rather have the loft in this area with the pool on the roof (and save about $500k).
It’s gotta be easier to get laid these days.
I agree that this place is underwhelming…
I noticed that the lot is 48.5 x 102.5 = 4971 square feet. That is also the exact listing for the square footage of the place and it’s #1 so it’s probably the street level place… That would explain why there are no pictures of the roof which could have a cool deck. Also, redfin lists an association and all rooms on the main floor. $1.6 million to live street level with someone above you? No thanks!
sometimes i feel like i have woke up from a comma and all the shytie hoods i knew before my comma have 1.6mil dollar homes there.
where is my flux compassator i need to go….(in a movie preview voice) back to the future!
From the listing: This home has a “brain” w/ 3 touch panels
“This home has a “brain” w/ 3 touch panels”
Considering the audience that would be interested in this property, perhaps the realtor would get better marketing mileage by actually stating what type of whole house automation system is installed. Something like “Crestron Whole house automation system. Control your home theater, heating, cooling and lighting from the comfort of your great room sofa.”
Oh wait, that would take some research!
I was expecting a pimptastic bachelor pad, but the pictures are little underwhelming given the description of the place. Where is all the extra space? Realtors should have to take a photography class and a Nikon d5000 only cost about a $1000.
Groove: “i feel like i have woke up from a comma and all the shytie hoods i knew before my comma”
I can’t remember you ever using a comma, so that can’t be the reason.
ND: “that would take some research”
Yeah, like looking at the brand name on the frickin controller.
Also:
Why no picture of some dude riding one of the motos into the unit?
“kickstand friendly heated floors”
why the hell do people want to keep their motorcycles indoors! Is this something new that I am missing? Or are people just trying to be that cool by having their nasty dirty motorcycle in their living room as a conversation piece?
Sonies,
Elements do wear on motorcycles too. And chances are the owner of this place, if they own a bike, owns an expensive on like a Bimmer or Ducati.
Still yet it doesn’t make sense that the realtor wasted characters on the MLS for the select few who could afford this place AND are bikers. That subset of the population is infinitesimally small I’d imagine.
So keep your fricking motorcycles in your 2 car garage…
Putting them inside your house wreaks of desperation and anyone that does this is definentally a mentally challenged parentally depraved attention whore.
“I noticed that the lot is 48.5 x 102.5 = 4971 square feet. That is also the exact listing for the square footage of the place and it’s #1 so it’s probably the street level place”
And, if you check streetview, you see two garage doors covering 4 parking spots. And there are obviously stairs to Unit #2. So, this place is actually LESS than 4000 SF (unless you count their two parking spaces in the SF, then it’s merely less than 4500).
Overstating the SF by 20%? FAIL!
“I can’t remember you ever using a comma, so that can’t be the reason”
ha,
the best part of that is i did it twice 🙂
ha ha,
“Why no picture of some dude riding one of the motos into the unit?” you forgot the dude was rocking the middle finger too
“Realtors should have to take a photography class and a Nikon d5000 only cost about a $1000”
thats a lot of money for realtors. didnt you hear Steve H as a second job works at jamba juice or a dog petting place or something like that.
Yeah — it’s listed as a two-unit building on the listing sheet. If it were the whole building, I could kind of see the price, but for the main floor?!
Too bad, because the second floor unit looks like it would be pretty cool — lots of potential outdoor space based on the exterior shot. And seriously – “kickstand-friendly”? Who does that appeal to? It took me a while to even understand what the realtor was trying to say with that comment.
Here’s the second floor place which seems to double as a nightclub…and band practice venue. That would be fun to live below.
http://www.chicagohomemag.com/Chicago-Home/March-April-2008/Good-Clean-Fun/
Are the taxes supposed to be $4910?!?! WTF – twenty five grand?
And what are the assessments?
This place is like the 11th highest taxpayer in West Town. Sucks!
If you go to the photo gallery link on the chicagohomemag site listed above, #2 is a pretty awesome place. That is what I was hoping to see when I saw $1.6 million, 5000 (allegedly) square feet.
Unit #1 in foreclosure; I’ll have more information later. Apparently $1.3 million dollar condos aren’t just for rich people…
Red shoes or socks = tool.
I have to disagree on red socks. Very Fred Astaire. Cool in a very old school way.
Everything else I read says tool…
drywall palace = yawn
they should hired a good designer
“Red shoes … = tool.”
Unless the red shoes are accessorized with fur, gold, fedora and cane, in which case red shoes = pimp.
From:
http://www.chicagohomemag.com/Chicago-Home/March-April-2008/Good-Clean-Fun/
“Friends come out of the woodwork for Michael,” Tittle explains. “And onto the countertops,” jokes Mertz’s girlfriend, Marisa Swystun, referring to the fact that parties at Mertz’s are hardly quiet, dignified affairs.
Why are people coming onto the countertops?
They shooting porn in there?
If this thing is in foreclosure? Why is it priced above purchase price?
“Elements do wear on motorcycles too. And chances are the owner of this place, if they own a bike, owns an expensive on like a Bimmer or Ducati.”
You mean “like a BEEMER or Ducati”. Bimmer is appropriate to describe an auto while Beemer is used to address a motorcycle.
It’s in foreclosure but judgment hasn’t been entered. Motion for Judgment is spindled for Nov. 20th.
It’s a 10/1 ARM mortgage, fixed for the first 10 years then resets every year thereafter; first reset April 2015; Interest rate 5.75% for the first 5 years then 2.75% to the 1 year T-bill. The mortgage is for $910,000; the monthly P+I 5,310.51.
“The mortgage is for $910,000”
They had 30% down! And a 10/1 may as well be fixed, based on the average time one would expect to live in this sort of place.
NO way would I pay $1.6 million to be on ground floor with mr red socks partying upstairs with all his “friends who come out of the woodwork”. They must have been partying inside on their kitchen counters because I see #2’s roofdeck from my roofdeck and I think I saw people out there twice this summer. Never seen the hot tub in use. What a waste of great outdoor space that’s so hard to come by in the city.
They’re blowing coke on the kitchen counters with all the girlfriend’s friend’s models.
Wow. After reading that article how much do we want to bet the owner is selling to no longer have that guy living above him. I’m betting the realtor for this place is not going to b happy when people find that article.
Unless you can find a bachelor who can get himself an invite to all the parties by buying this place I guess.
homedelete – i read this blog a lot and hardly post, i was thinking the same thing you were but didn’t want to be banned from posting again. ha
regardless of the upstairs neighbor, this place is not worth $1.6 million
“Unless you can find a bachelor who can get himself an invite to all the parties by buying this place I guess.”
What a sad pathetic excuse for a bachelor then. Its a lot easier to get tail by actually having a personality (and not one with red socks) then buying a 1.6MM party pad.
Really the era of the 1.6MM party pad is so over that we might as well call the owners neanderthals or velociraptors.
Bob, I think you’ve got the wrong impression of the people on the 2nd floor. They really are the Sex in the City lifestyle crowd, hanging out with models, fashion designers, a layer of the finest Bolivian dusting the granite countertop…In some sense they really are people that most of wish we were, living the high life and partying it up in the million dollar condo in the trendy neighborhoods, eating at the finest restaurants, etc. It’s so Great Gatsby. But as we all know, after the gilded age came to an end, in was ushered the Great Depression….
http://www.marisaswystun.com/www.marisaswystun.com/Events.html
Yes I am familiar with the CS magazine crowd. This is because the CS magazine must not be doing so well lately because they drop off FREE COPIES at my building. I would take a copy and read it on the can and laugh at all those boomer mamas with far too much money than sense and grin at their idiotic decorations they spent crazy sums on.
I’d also laugh at the full page ads for the Elysian in CS with no pricing details listed then researched it and found an in towner room is 600k and a private residence is 3MM. Elysian must be pretty stupid at marketing if they are paying to advertise in a publication that likely counts giving away free copies at buildings with $700 studios in their circulation numbers.
Really this Gatsby crowd is not as big as you think. For ever legitimately wealthy family there are probably ten times as many struggling to get by and maintain appearances.
Oh my goodness those grapes ARE sour, aren’t they gentlemen!
LOL Cribhater, LOL.
Bradford when I think of the tool wearing the red socks I conjure up an image of you!
Bob when I think of Statler and Waldorf from the Muppets I conjure up an image of you and HD!
So Mr. Red Socks is a successful self made man who likes to have a good time on occasion, yeah what an a**! FYI, Mr. Red socks is also a philanthropist. He and his girlfriend, who also has a heart of gold, have almost single handedly built a maternity hospital in an impoverished region of Africa. Maybe you should look within and ask yourself why you are celebrating one mans misfortunes while at the same time judging another on one sensationalized magazine article. Jealousy is ugly people.
Hey,come one, leave me out of this one.
“#bradford on November 10th, 2009 at 8:20 am
Bob when I think of Statler and Waldorf from the Muppets I conjure up an image of you and HD!”
“Bob when I think of Statler and Waldorf from the Muppets I conjure up an image of you and HD!”
for that joke i am forever on your side, no matter how big of a tool you act or if you are wrong, i now will have your back
🙂 🙂 🙂
“skiles on November 10th, 2009 at 8:22 am
So Mr. Red Socks is a successful self made man who likes to have a good time on occasion, yeah what an a**! FYI, Mr. Red socks is also a philanthropist. He and his girlfriend, who also has a heart of gold, have almost single handedly built a maternity hospital in an impoverished region of Africa. Maybe you should look within and ask yourself why you are celebrating one mans misfortunes while at the same time judging another on one sensationalized magazine article. Jealousy is ugly people.”
Precisely!
skiles:
“I KNOW. I’ve been everywhere and seen everything and done everything…Sophisticated – God, I’m sophisticated.”
The Great Gatsby
Chapter 1, Daisy.
Somehow borrowing $910,000 is a misfortune and watching it crumble is a misfortune? Wow, I wish I could have borrowed more money than I could have ever possibly been expected to repay, and then live in a million dollar condo for months and months on end without making a single payment; and I wish that I could be the guy upstairs and borrow $1,100,000 to finance a party fueled lifestyle in my sweet overpriced bachelor pad, and the price I paid for my housing would drive up the cost for everyone in the neighborhood; and I could hang out with models and fashion designers, and did I mention, PARTY! Yeah, I can PARTY!!! Yeah!! PARTY!
Come on, get real. It’s a debt fueled orgy with a thin vernier of respectability. I’m not fooled.
“ask yourself why you are celebrating one mans misfortunes while at the same time judging another on one sensationalized magazine article.”
“and the price I paid for my housing would drive up the cost for everyone in the neighborhood”
Yeah because everyone was FORCED to buy a house in the Ukranian Village… this arguement is dumb.
The only thing that increased the price of housing for everyone in the neighborhood was easy credit forced upon banks by GSE’s and retarded gubbermint policy giving loans to people that should have never ever been buying property.
First of all Sonies, it’s West Town not UK as the title so clearly states. Secondly, if these people used superjumbo ARMS to overpay for cheesy lofts in a gentrifying neighborhood at the high of the real estate boom…..yes, they helped to drive up the cost of housing for future buyers in the neighborhood, until about sept 2006 or so, when prices then started falling. So I don’t know what you’re talking about forcing everyone to buy in the ‘hood.
But the irony, the sweet schadenfreude, is that this property with the $910,000 mortgage, is in foreclosure, and these FB’s will also contribute to the precipitous *decline* in prices, as it joins the literally hundreds of other homes languishing in mortgage purgatory.
Sorry but like most lawyers you are a retard with money, they put 30% down, they used a 10/1 ARM and this property had nothing to do with about 95% of the other properties in the neighborhood. Schadenfreude? LOL ok Mr. Hyperbole! Lets see you throw down 400k on a place… oh wait
uh-huh.
“Sonies on November 10th, 2009 at 11:27 am
Sorry but like most lawyers you are a retard with money..”
“I KNOW. I’ve been everywhere and seen everything and done everything…
Sophisticated – God, I’m sophisticated”
The Great Gatsby by F. Scott Fitzgerald
“Midwesterners know that times could be worse… and they’re waiting for it to happen”
Garrison Keillor (another Midwestern/Minnasotain writer)
I don’t judge the guy’s lifestyle.
In fact I think it sounds like fun.
He also pays for hospitals, cool, good for him. He has money and connections and he uses them for fun (parties) and good. That is swell. I don’t care how he bought his house although it sounds like he used a perfectly responsible 10/1 arm with a good sized downpayment. I don’t think he is evil for the neighborhood and I don’t care if he drove up prices for everyone else.
However, while that is all well and good, I wouldn’t want to have to live under him in my building.
And that is all I’m saying. You just have to believe that the noise from the parties and band practice is more than a bit annoying to the downstairs neighbor. And so long as he owns the place I think you are going to have the “right” person to buy the downstairs place that can live with all of that going on upstairs.
He pays for some hospital in Africa? LMFAO!
Man I wish it was him that went into foreclosure. We have enough problems here and he’s helping a continent that saw its urban population boom to an unsustainable level since the mid twentieth century get worse. And the bleeding heart just pours gas on the fire by helping them reproduce more.
“And so long as he owns the place I think you are going to have the “right” person to buy the downstairs place that can live with all of that going on upstairs.”
Let me add to that — someone that is willing to pay well over a million (and $25K in taxes) for that experience… The article might very well have exaggerated the raucous lifestyle of this gentleman (as his primary defender above called it sensationalized and an eyewitness reported a staggering 2 gatherings on that deck…) but I wouldn’t want to live beneath band practice…
For all we know, the red socks may be engineered to dampen the sound of walking around out of respect for the neighbors. And maybe they only come in red…
This was a really good thread to read. It really makes me wonder why more people do not opt for an Illinois Land Trust to keep gawkers at bay.
“Illinois Land Trust”
a beautiful thing! and i am shocked that 100% upper bracket dont use them.
I am convinced that people just do not know about it. Realtors don’t have a lot of incentive to bring it up and some lenders don’t like it. Costs are minimal and the advantages, beyond simple privacy, are significant.
In this case, I doubt privacy is a big issue, of course.