A 1-Bedroom Brick and Timber Printers Row Loft With Rare Garage Parking: 732 S. Financial
This 1-bedroom in the Printers Row Lofts at 732 S. Financial in the Printers Row neighborhood of the South Loop came on the market in July 2016.
Built in 1906, the building was among the first converted to loft apartments in this neighborhood. It was converted in 1996.
But all of those original apartment buildings were then converted to condos, with his one being converted in 2003-2004.
Because of its early conversion, many of the units have unique layouts and kept their original loft features.
This unit is a northeast corner unit with two walls of exposed brick and timber ceilings.
The bedroom doesn’t have enclosed walls but it does have a window.
The kitchen is open to the large living/dining space. It has white cabinets and white appliances.
The loft has central air and washer/dryer in the unit.
It also has something rare for the loft buildings in this neighborhood: garage parking.
The listing says there are 138 units in the building with just 54 deeded garage spots. This is one of them. It doesn’t have to be sold with the unit.
There’s also an additional HOA and taxes for the spot, if you purchase it.
There’s no square footage listed with this unit, but the measurements of the rooms add up to more than your typical, new construction 725 square foot 1-bedroom luxury rental.
At $290,000, including the parking, is this a deal compared with renting in the neighborhood?
Judy Howard at Berkshire Hathaway KoenigRubloff has the listing. See the pictures here.
Unit #315: 1 bedroom, 1 bath, no square footage listed
- Sold in March 2004 for $211,000 (no parking with this sale)
- Currently listed for $250,000 (plus $40,000 for the parking)
- The parking doesn’t have to be sold with the unit
- Assessments of $319 a month (includes cable, part-time doorman, exterior maintenance, scavenger and snow removal)
- Parking HOA: $35.91 a month
- Taxes of $3172
- Taxes for parking space: $388.67
- Central Air
- Washer/Dryer in the unit
- Bedroom: 11×16
- Living room: 18×32
- Kitchen: 10×9
Unless there’s a looming special assessment or a Methadone clinic is opening next door, Nice job finding the Unicorn
Guessing that this is priced low to drive a bidding war
Here’s an article from 1984 talking about (among other things) a couple of converted apartment buildings on Printer’s Row:
http://archives.chicagotribune.com/1984/02/18/page/69/article/adding-up-the-advantages-of-loop-living [click View Story Jump, and look for “Rents in the 294-unit Transportation Building”]
The Manhattan Buidling was converted in 1981.
But I suppose one would argue that those aren’t “in *this* neighborhood”.
well you do have the union station tracks just outside your window… that’s why its priced low is my guess
Love the space, but not the location. Not a fan of South Loop in general (lifestyle choice), but as mentioned, being on the 3rd floor right next to the train could get loud/annoying–even three blocks east and a couple floors up would make a big difference! $40k for parking seems a bit steep, but based on the ratio and availability of transit (Union, Roosevelt, etc.) a car would be likely be an unnecessary luxury.
I would prefer 225 Huron Street lofts over this for location purposes (and rooftop view!), but that’s just me.
ANY BAND SPAVE LOLZ!!!!
That’s an interesting old article. I love the mention of a special interest rate of 9.9%