3-Bedroom West Loop Penthouse with 4 Private Terraces for $1.1 Million: 111 S. Morgan
This 3-bedroom duplex up penthouse in 111 S. Morgan in the West Loop originally came on the market this year in January 2023.
111 S. Morgan was built in 2002-2003 and has 161 units and attached garage parking.
It has door staff.
The listing says this penthouse is still owned by the “original owner.”
It has tall ceilings on both floors and loft-like features including concrete ceilings on the main floor and exposed ductwork as well as columns.
It has the living, dining room, kitchen, 2 bedrooms, an extra den/office along with 2 bathroom on the main floor and the primary suite on the second floor.
The living/dining and kitchen has white porcelain tile floors.
The “gourmet” kitchen has white cabinets, an island, what looks like granite counter tops and stainless steel appliances.
One of the bedrooms on the main floor has an en suite bathroom and its own private terrace.
The listing indicates that the bedrooms have vinyl flooring.
The primary suite has a “spa-inspired bathroom” and custom closets. It also has two big terraces with city and skyline views.
The fourth terrace is off the living room and den.
It has the features that buyers look for including central air, washer/dryer in the unit and 2 premium garage parking spots.
This building is centrally located in the West Loop, near stores and restaurants including Randolph Street and Greek Town.
Listed in January 2023 at $1.4 million, it has been reduced $300,000 to $1.1 million.
Will this penthouse sell at this new price?
Leigh Marcus at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #906: 3 bedrooms, 3 baths, 2650 square feet, duplex-up penthouse
- Sold in May 2004 for $750,000 (per Zillow)
- Originally listed in January 2023 for $1.4 million
- Reduced
- Withdrawn in July 2023
- Re-listed in November 2023 for $1.1 million (includes 2 premium garage parking spaces)
- Assessments of $1445 a month (includes doorman, cable, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $21,740
- Central Air
- Washer/dryer in the unit
- Fireplace
- Bedroom #1: 17×18 (second floor)
- Bedroom #2: 17×12 (main floor)
- Bedroom #3: 16×12 (main floor)
- Living room: 22×26 (main floor)
- Dining room: 29×8 (main floor)
- Kitchen: 22×10 (main floor)
- Room/den: ?
- 4 private terraces (two on the main level and two on the second floor)
It’s a previous CC feature:
https://cribchatter.com/have-a-lot-of-cars-5-indoor-parking-spaces-included-111-s-morgan-in-the-west-loop/
Doesn’t look like it has ever actually sold–even to the bank, notwithstanding multiple foreclosures and liens–since the original purchase from the developer. Which was for $750k in May-04, and included two parking spaces.
Location is pretty good. Too bad this is the building sitting there.
Is West Loop not HAWT(tm)?
Wheres mUh bIDdInG wAR?
For $1MM+ I expect a gas line and a waterline to all roof terraces. Not futzing around with gas tanks for my grill. Also at this price point vinyl flooring seems unacceptable.
They have made zero upgrades that have stood the test of time. The best terrace is through the master. I wouldn’t pay over $800K for this but then again I am not in the market for a unit like this. My boss lived in the West Loop in a smaller condo. Part of why she sold was due to constant vandalism of their lobby during the overnight hours. I question with an assessment under $1500 that the door staff could be 24/7.
“Also at this price point vinyl flooring seems unacceptable.”
I would also expect that the finishes are similar to the million dollar new builds in the neighborhood which is luxury appliances and cabinets and a waterfall edge island in the kitchen.