A 1-Bedroom Authentic Loft Renovated to Perfection in River North: 225 W. Huron
This 1-bedroom loft in the Huron Street Lofts at 225 W. Huron in River North came on the market in May 2023.
Built in 1890, Huron Street Lofts has 100 units and was converted into condos during the housing boom, in 2007. There’s no parking with the building.
It has door staff, an exercise room and a rooftop deck with city views.
This loft is an “authentic” loft with exposed brick walls and timber ceilings. The listing says it has been “recently renovated to perfection.”
It has floor to ceiling windows in the living room and hardwood floors in the main living area.
The kitchen, which is open to the living and dining rooms, has been “updated” with black cabinets with upper and under cabinet lighting, quartz countertops with a waterfall edge on the peninsula, which has seating for 3, and stainless steel appliances.
The bedroom is “massive” and the listing says it can fit a king sized bed. It does not have a window, nor does it appear to have walls which reach the ceiling.
The bathroom has been “newly renovated.”
This loft has the features buyers look for including central air and washer/dryer in the unit. It doesn’t have parking but the owner rents a spot in an adjacent building and may be able to transfer the lease. The listing indicates monthly parking is $300.
This building is near the El, numerous buses and the shops and restaurants of River North.
Looking at the CCRD info, it doesn’t appear that this loft has sold since the original 2007 sale, which was for $260,000.
It has come on the market at $329,900.
Buyers love “new.” Will this sell quickly?
Michele Gubser at Compass has the listing. See the pictures and floor plan here.
Unit #412: 1 bedroom, 1 bath, no square footage, loft
- Sold in March 2007 for $260,000
- Listed at $329,900
- Assessments of $371 a month (includes doorman, exercise room, exterior maintenance, scavenger)
- Taxes of $5831
- Central Air
- Washer/dryer in the unit
- Parking is available for rent nearby. Currently paying $300 a month.
- Bedroom: 12×13
- Living room: 19×17
- Dining room: 9×7
- Kitchen: 10×9
- Laundry room : 4×6
Nice enough unit, price seems appropriate with the updates
Accounting for inflation, the owner is getting crushed – Oooof
HOA: Older building (Which is VERY expensive to maintain) + Doorman + Exercise Room + Common area RTD = $300/mo???
Should list Eataly being an amenity.
Hats off to Sabrina for finding a picture from the deep archives. Graham Elliot has been closed for eight years.
Nicely redone. However, lack of natural light could be a dealbreaker for some, especially those who WFH.
Recent River North market activity seems to reflect an overall decrease in the desirability of the area. Fulton Market has edged out river north as the number 1 night life hotspot, and proximity to the loop is no longer as important as it once was.
While many loop companies don’t need as much office space, they are still stuck in long term leases signed prior to 2020. I do wonder what will happen to the area as more and more of the long term leases expire.
“Accounting for inflation”
PP + CPI = $384k.
PP + C-S-Chi-Condo = $270k.
Looks like some of the other original buyers were able to get out in the 11/12 period at about 20% off PP. If we were to MtM, realize a $50k loss in 2011, and assign a $210k value as of Mar-12 (ie, about the bottom), then it’s:
+ CPI = $277k
+ C-S = $348k
Which looks a lot better.
Here’s the crazy thing tho–based on the recorder’s records:
100% financed in 2007
F/C filed in 2011
F/C not completed
No refi, ever, and apparently not paid off, either.
“Looks like some of the other original buyers were able to get out in the 11/12 period at about 20% off PP. If we were to MtM, realize a $50k loss in 2011, and assign a $210k value as of Mar-12 (ie, about the bottom), then it’s:
+ CPI = $277k
+ C-S = $348k
Which looks a lot better.”
You should also account for the Reno $, which were more than likely post 2012
“You should also account for the Reno $”
Didn’t say it looked *good*, just better.
And it includes marking down the asset by $50,000 11 years ago.
Cute unit but I’d never buy a place where I couldn’t see the sky.
If we never discuss another River North loft I’ll be happy.
“If we never discuss another River North loft I’ll be happy.”
Sorry Dan #2. That’s why I run this site and you don’t.
We haven’t chattered about this building in years. And yeah, there are a lot of buyers who love lofts.
I get it. I’m probably in the minority on this one. And it’s your site. 🙂
“I do wonder what will happen to the area as more and more of the long term leases expire.”
The Loop? Or River North?
River North is a big tech company hub. A lot of businesses in the Merchandise Mart and nearby streets. I’m assuming most employees are only coming back in 2 or 3 days a week.
“Recent River North market activity seems to reflect an overall decrease in the desirability of the area. Fulton Market has edged out river north as the number 1 night life hotspot, and proximity to the loop is no longer as important as it once was.”
Agreed KK that River North as a residential neighborhood has lost some of its luster to the West Loop with the younger generation. A lot of the buildings are older now (20+ years since being built or conversion) and a lot of units haven’t been updated. This was a neighborhood that the Baby Boomers and GenX loved but now they are moving on and GenZ isn’t interested.
“Hats off to Sabrina for finding a picture from the deep archives. Graham Elliot has been closed for eight years.”
All my pictures are from the deep archives Matt. I’ve been running this site for 15 years. I have thousands of pictures of buildings. Do you think I go around every weekend taking updated ones for fun?
Sometimes if I’m in a certain neighborhood for a specific building or house, I WILL take some “newer” ones of the bigger, iconic buildings. Things DO change. But I’m not going to go out of my way for a new picture just because a restaurant has changed.
“ I’m assuming most employees are only coming back in 2 or 3 days a week.”
Yep, it’s clear employees don’t need to or want to be in the office. A good reason for companies to dump their leased offices and save $.
“Yep, it’s clear employees don’t need to or want to be in the office. A good reason for companies to dump their leased offices and save $.”
Some are reducing space but they can’t dump it all. Still going in 3 days. They will do what McDonald’s did when they built their new headquarters. They specifically designed it smaller because they allowed work from home and knew on any given day 25% of workers would not be in the office. So you don’t have an assigned desk. It’s worked great for them.
“ Some are reducing space but they can’t dump it all.”
Sure they can. They operated for 12-18 months with it mostly empty.
For corporations with offices in multiple cities, there is plenty of reasons for putting the chicago location on the cut list.
“For corporations with offices in multiple cities, there is plenty of reasons for putting the chicago location on the cut list.”
Huh? They still have workers here. They want them to be in the office. Vast majority went back to the office months ago. Many went back last September. They aren’t going to get rid of it all. Smaller? Sure. Like McDonald’s already did years ago. They will be smarter about office space. But no one is eliminating it all.
What’s the reason for eliminating Chicago versus San Fran, Pittsburgh, Austin or others? I don’t get it. This is where the talent is.
I wonder if Cameo will require workers to go back to the office? They were among the first to go totally remote but their business has been hammered on the re-open so they may think they need more collaboration in the office. Lol.
I was interested in the building about 5+ years ago. This one is honestly well setup too (some other units have more space though). For me the issue would be lack of light, loft noise (from me), and general security as the area has changed a lot.
West Loop has become quite popular as noted. Went to Texan on Saturday and it was super packed. Some of the group when to Bandit others to Pointe & Boss. Stout is also reopening as a new concept soon (which will be great for RN).
With working from home I would want more space for a dedicated office nook or something tbh.
“All my pictures are from the deep archives Matt.”
I’m just impressed with your photo organization. I can’t find anything I’m looking for.
Under Contract
Reactivated, open Sunday.
Under Contract again