Tired of High Gas Prices? Walk to Work: 625 W. Jackson
625 W. Jackson, the Capitol Hill Lofts, is a late-1990s/early 2000 conversion of a brick and timber building in the near west loop.
It’s only a few blocks west of Union Station and near Greektown. Why drive or take public transportation to work when you can walk instead?
A two bedroom corner loft just came on the market with great windows.
Unit #211: 2 bedrooms, 2 baths, 1348 square feet
- Sold in May 2006 for $315,000
- Currently listed for $314,900 plus extra for outdoor parking space
- Assessments of $474 a month
- Dream Town Realty has the listing
Does it have a balcony or outdoor space?
What does it cost to heat a place like that?
Just for price comparison, I bought an 1104 sq ft 2bed 2bath condo at 565 W quincy (under construction) on the 8th floor for $367k.
Yeah, the heat bills….. otherwise the price seems reasonable for this location and this place.
I’m also curious about the heating bills. Does anyone have any idea how high they are for a hard loft of this size?
I wonder what the acoustics are like.
Streeterville Realtor: There is no balcony with the second floor units. All the other floors have it, however.
Jim String: Thanks for the price comparison with the new construction building down the street (which you can clearly see in the picture of the Sears Tower.) Did you buy to live in your unit or as an investment?
On a square footage basis, this unit is a pretty good price.
Sabrina: My wife and I bought it to live in. It’s all about the walk-to-work thing and being able to get rid of the car. Parking in that building is about $30k although I got the impression that there were different kinds of spaces at different price points (we didn’t look into it much, since we plan to dump the car).
Incidentally 565 W Quincy is being developed by Belgravia which frowns on investors in their properties. They have some restrictions in their sales contract concerning how long you must hold the property before trying to sell, which I believe is 1 year.
Jim: Thanks for the info.
I forgot that Belgravia was the developer and you are correct. They DO put the clause in that you can’t flip it for a year. We are seeing that in 600 N. LSD- where units are being rented but not re-sold (not yet- because of the clause.)
But you’re right- those buildings don’t seem to be swarming with investors which is good for you.
Chris –
In my experience, heating a brick loft isn’t too expensive (think dutch oven) unless the windows aren’t sealed properly. We only had to run our heat when it got VERY cold outside. Air conditioning on the other hand could be more expensive esp. if there is alot of direct sunlight hitting the unit.
Honestly, my biggest complaint with timber lofts is the sound between floors and units. Nothing is more distracting than having to wake up with your neighbor above as she paces back and forth EVERY morning in heels across hardwood floors. You might as well have someone next to you clapping two wooden blocks together. And repeatedly knocking on your neighbors’ door asking them to be aware of it usually got nowhere.
bonus: the White Hen/7-eleven and dry cleaners on the ground floor
I agree with Eric completely. As long as the windows are decent and there’s a ceiling fan to circulate the air heating bills can get bad but not horrible. The lack of soundproofing can drive you crazy though because the people above you actually sound like they’re in your space, so every footstep, argument, “intimate noises” and other things are clearly audible. Most people realize this and try to be respectful but others really don’t care.