A 2/2 Brick and Timber Authentic Loft Under $560,000 at 1872 N. Clybourn in Lincoln Park
This 2-bedroom corner loft in the Clybourn Lofts at 1872 N. Clybourn in Lincoln Park just came on the market.
The Clybourn Lofts was a 1980s loft conversion and has 57 units and outdoor, deeded, gated parking.
This listing says it was an old piano factory.
The building has bike storage, a courtyard garden, a rooftop deck and a laundry room.
Pets are allowed. The listing says you can have 2 dogs and 3 cats with no weight limit.
This loft has authentic features that loft fans love including exposed brick walls, timber ceilings and large 10 foot industrial windows that have U/V film and custom solar shades.
It’s a northeast corner loft with a split bedroom floor plan.
Both bedrooms have windows and both have floor-to-ceiling walls with French doors.
It has 2 full travertine marble baths, with one having a soaking tub.
The kitchen has custom white Neff cabinets, Bosch, Thermador and Subzero appliances, a custom floating stainless steel island and stainless steel counter tops.
It has the features buyers look for including central air, a Bosch washer/dryer in the unit and deeded, secure parking is included.
Listed at $555,000 for 1800 square feet, is this a loft lover’s dream?
Eileen Brennan at Baird & Warner has the listing. See the pictures here (sorry- no floor plan).
Unit #206: 2 bedrooms, 2 baths, 1800 square feet, loft
- Sold in May 2000 for $462,500
- Currently listed at $555,000 (includes deeded parking spot)
- Assessments of $719 a month (includes heat, a/c, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $10,315
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 25×14
- Bedroom #2: 22×13
- Living/dining room: 30×21
- Kitchen: 9×9
- Terrace: 11×8
Compared to the travesties recently featured on the CC, this place looks like a deal of the century.
Good unit, muted style to attract more buyers. The only knock is the shared laundry and the mirrored backsplash. I get it it makes it look bigger and brings in light, but having to constantly clean it will get annoying.
Still gets the Groove7 thumbs up of approval.
It’s weird to dedicate so much of your 1800 sf to a laundry room.
If you are into lofts, this appears to be a nicely finished one.
Not the best Lincoln park location, however. On a very busy street, wedged between big box stores. If that’s your scene, would probably be happier in the suburbs.
On the second floor closest to Clybourn so all the street noise and none of the views? No in unit laundry (if there is, why not show it?). I like the look and feel of the unit but definitely a hard pass for me. No one is relaxing on a balcony that overlooks parking and Clybourn….likely why they didn’t show much of it. The fact they were able to live here for as long as they have either indicates this was a pied a terre or noise from other units is not that bad.
$462.5 (may-00) + CPI = $714k.
Oof.
Photos are really well done, tho I expect that its hiding the sins of this unit
Is a floating island realator made up realator speak?
I dont think thats real travertine
“$462.5 (may-00) + CPI = $714k.
Oof.”
I think you meant HAWT ™
“Is a floating island realator made up realator speak?”
It appears to be on wheels.
So, yes? But weird–the “floating” term, not the movable island.
This also violates my other rule…never buy a unit directly on top of retail space unless you control what goes in there.
“directly on top of retail space”
??
What’s been in that space as retail/commercial in the last ~25 years??
I had always thought that was a (rather crappy) residential unit, or part of the common area, or something.
If I recall there are a 1 or 2 units that are duplexed here. Now that would be sweet.
And really street noise? Come on it clyborn and not a wells, grand, or lasalle ect. plus its not on a ambulance route
This one appears to front on Clybourn, with the glass exterior wall:
https://www.redfin.com/IL/Chicago/1872-N-Clybourn-Ave-60614/unit-101/home/13350747
“Groove: If I recall there are a 1 or 2 units that are duplexed here. Now that would be sweet.”
I recall looking at a 1BR unit here years ago that was duplexed –actually on 3 levels: main living level w/ very high ceiling, “mezzanine” office area and then the bedroom was (a small newly added structure) on the roof level opening to a balcony w/ fabulous skyline view). I really liked it til it occurred to me that the middle of the night I’d have to go down 2 flights of stairs to get to a bathroom. When I mentioned that as a huge problem, the realtor suggested a “chamber pot”.
“the realtor suggested a “chamber pot”.”
Ha ha ha, I swear at times I feel a used car salesman is less slimey than a realtor.
This location is so depressing. Can’t imagine living among all the big box stores, parking lots, and truck traffic on Clybourn (and train traffic nearby too).
True, you can walk a few blocks to a nice part of Lincoln Park, but that doesn’t make up for it.
“train traffic nearby too”
The Brown/Purple line?
I guess I’ll be the odd man out and say I kind of like the place. No opinion on price except it seem a bit rich, but the place is unique.
I saw a unit in this building that was exactly eye level with the El and close enough that it felt like you could literally high five the conductor. Absolutely no privacy from the passing train. The tracks couldn’t have been more than 15 feet from your window.
“I saw a unit in this building that was exactly eye level with the El…The tracks couldn’t have been more than 15 feet from your window.”
Not this building, no. This is west of Clybourn, and across the street from Jayson Home & Garden.
Unless there’s a wormhole in one of the units, which would be cool.
Doh, I meant to post on the 1800 Grace property…. owell
Train traffic meaning the metra. I guess it’s not that close.
“Train traffic meaning the metra. I guess it’s not that close.”
Half a mile, as the crow flies. Soon(ish) to be blocked off by Lincoln Yards–the next building (life science lab building) will be basically bt this place and the rr line.
Do you think Lincoln Yards is going to happen as envisioned?
“Do you think Lincoln Yards is going to happen as envisioned?”
Yes.
Has an established developer and the city is behind it.
The city will be booming over the next decade.
Oh boy that Lincoln yards thing is going to toss so much traffic to that area which has a horrible street layout.
Side note last time I went to the Finkl Sumer concert fest I got a bit too drunk and heckled a glass blower, Still feel bad to this day for acting like a jerk. Fischer Spooner put on a good set though.
“Do you think Lincoln Yards is going to happen as envisioned?”
You mean, the mix of residential and commercial and approximate building heights? Nah. That will evolve–it’s a 10-15 year project.
The general re-development of that area? Yeh.
And more important than the “established developer” is the source(s) of the $$ behind them.
“Side note last time I went to the Finkl Sumer concert fest I got a bit too drunk and heckled a glass blower, Still feel bad to this day for acting like a jerk. Fischer Spooner put on a good set though.”
I was at this event! Think it was called HeatFest? They had fire jugglers – I remember thinking what a cool spot it was to have small festivals.
“And more important than the “established developer” is the source(s) of the $$ behind them.”
Bank OZK has been doing a lot of the loans in Chicago. They have no issues with loaning here. Haven’t ever had a default.
“Bank OZK”
That’s not SB’s bank. Couldn’t say “never”, but they don’t need to go to that tier of lender.
And, anyway, I wasn’t talking about lenders. With the right equity partners, you can always find a lender.
“With the right equity partners, you can always find a lender.”
Few lenders willing to go in on a project of that magnitude. Rare. But Lincoln Yards has the financing so that doesn’t seem to be an issue with it.
Bank OZK is one of the few that has been funding the large projects in Chicago like NEMA in the South Loop and others. Mostly luxury rentals.
“Few lenders willing to go in on a project of that magnitude. Rare. But Lincoln Yards has the financing so that doesn’t seem to be an issue with it.“
Why are you assuming that OZK is funding the whole project? You’re not under the assumption that they’re giving SB a $6B check on day one are you?
“Why are you assuming that OZK is funding the whole project? ”
OZK ain’t funding shit** at Lincoln Yards. Much less the whole project.
And–NO ONE has $6b+ of construction financing lined up, in advance, for a 15 year, phased, project. It’s foolish for everyone involved, and expensive for the borrower.
**yeah, of course they might be the lender for any given building, depending on if SB brings in a partner for that building, when it gets to that point.
ps: Seriously amused by the missing of the point, twice.
ps: Seriously amused by the missing of the point, twice.
Mental note not to read and respond to Sabrina’s posts in a vacuum
“And–NO ONE has $6b+ of construction financing lined up, in advance, for a 15 year, phased, project. It’s foolish for everyone involved, and expensive for the borrower.”
Agreed, if we’re talking it really being financed, not developer speak
They “could” have a LOI/MOU stating that they’d fund the whole thing if they meat these 273 criteria. Not worth the paper its written on but they could make that claim (Not agreeing with it but have seen it)
Or Uncle Sugar is the bank
JU: it’s easy enough to figure out who’s putting significant equity into SB’s funds, and who they have as equity partners on the biggest of deals.
And yes, I know that OZK is financing 300 N Mich. That’s not the same deal–Magellan is their partner on that, along with $12m of crowd sourced equity: https://www.sterlingbay.com/sites/default/files/2021-01/RE_Journals_9-10-2020.pdf
“I was at this event! Think it was called HeatFest? They had fire jugglers – I remember thinking what a cool spot it was to have small festivals.”
The times I went it was always great, a bit pricey I recall for entry and beer but they showcased some great local house music and disco bands.
“OZK ain’t funding shit** at Lincoln Yards. Much less the whole project.”
I never said they were.
Then why the **** did you bring them up in the middle of a conversation about Lincoln Yards??