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A 2/2 Penthouse Level Concrete Loft Reduces to $595,000: 321 S. Sangamon in the West Loop

This 2-bedroom in the Lofthaus Lofts at 321 S. Sangamon in the West Loop came on the market in July 2024.

Built in 2004, the Lofthaus Lofts are new lofts, not a loft conversion from an older industrial building. There are 70 lofts and attached garage parking.

There is no door staff. Amenities include a bike room.

This loft is on the penthouse level and has 14-foot exposed concrete ceilings.

There are 7.5 inch “dogwood” engineered wood plank flooring throughout, including the bedrooms.

The kitchen has Shaker style white cabinets with black pulls, quartz countertops and a Jenn-Air stainless steel appliance set with a beverage cooler.

It also has a quartz island with a waterfall edge that seats 4 in the area designated a dining room in the floor plan.

There is a west facing balcony off the living room.

The primary suite which the listing says is “king-sized”, also faces west and is en suite.

The second bedroom is enclosed but has no window.

The bathrooms have custom floating vanities.

This unit has the features buyers look for including central air, a black stackable LG laundry in the unit and garage parking is available for an extra cost (not sure how much it is.)

The unit also has other features including “two specially designed 60-inch Pix Stix suspension lighting by lightology” and motorized Hunter Douglas shades.

This building is near the shops and restaurants of the West Loop including Greektown and Target and is a few blocks from the Mary Bartelme Park.

Originally listed in July 2024 for $638,000, it has been reduced to $595,000. However, I’m not sure if the first price included the parking as the current price does not.

Buyers love “new” and renovated properties.

Will the price cut get it done?

Arnell Cordero at Fulton Grace Realty has the listing. See the pictures and floor plan here. (No, the dog doesn’t come with the loft.)

Unit #903: 2 bedrooms, 2 baths, 1040 square feet, loft

  • Sold in June 2004 for $339,000
  • Sold in November 2008 for $335,000
  • Sold in May 2016 for $460,000
  • Sold in October 2021 for $488,000 (included the parking)
  • Originally listed in July 2024 for $638,000
  • Reduced
  • Currently listed at $595,000
  • Assessments of $485 a month (includes heat, air conditioning, gas, parking, lawn care, exterior maintenance, scavenger, snow removal)
  • Taxes of $8218
  • Central Air
  • Washer/dryer in the unit
  • Garage parking is extra (not sure how much- listed at $25k in the 2021 listing)
  • Bedroom #1: 15×11
  • Bedroom #2: 1010
  • Kitchen: 13×5
  • Dining room: 13×11
  • Living room: 15×15
  • Foyer: 11×6
  • Balcony: 14×5

This entry was posted on Thursday, August 22nd, 2024 at 5:16 am and is filed under Lofts, West Loop. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

17 Responses to “A 2/2 Penthouse Level Concrete Loft Reduces to $595,000: 321 S. Sangamon in the West Loop”

  1. Upgrades really improved the place

    The $40k+ price cut tells you how far off they were for the initial asking price

    The dog in every other pic is very creepy

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  2. I like everything but the location.

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  3. $600k for only 1040 sq ft seems a little expensive.

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  4. No closet = not a bedroom, right?

    1+Den.

    “Upgrades really improved the place”

    Everything was 2004-original when they bought, except the wash/dry. Huuuge upgrades.

    HVAC is just an air handler, pushing from the (4-pipe? hopefully) system, right? Is hot water also a building-wide system?

    #905 (corner unit) also for sale at $685k, including parking:

    https://www.redfin.com/IL/Chicago/321-S-Sangamon-St-60607/unit-905/home/12645789

    I certainly like it more than $65k more, but there is a significant taste-specific difference.

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  5. Also: looking only at RF, it appears the highwater mark in the building is another 9th floor corner, @ $635k:

    https://www.redfin.com/IL/Chicago/321-S-Sangamon-St-60607/unit-906/home/12568182

    And the prior sale of this unit appears to be the high price for a non-corner–but it is also the most recent sale of a non-corner.

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  6. Matt the Coffeeman on August 22nd, 2024 at 10:22 am

    My biggest concern is the glass enclosure at the top of the second bedroom. I didn’t see any vents in the pictures and wonder whether it gets any HVAC.

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  7. “My biggest concern is the glass enclosure at the top of the second bedroom. I didn’t see any vents in the pictures and wonder whether it gets any HVAC.”

    good point. probably what that have the Dyson floor fan in there.

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  8. Besides the price reduction, maybe they should have professional pics taken? These are borderline bank-owned quality.

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  9. I think the exterior architect must have worked for Howard Johnson’s in the 1970’s.

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  10. Dennis Rodkin tweeted that 3 of the 5 highest-price sales of the year happened this week. Anyone catch him on WGN this morning?

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  11. I missed him. One was that penthouse we were just chattering about in the Gold Coast. What were the other two?

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  12. “I like everything but the location.”

    What’s wrong with the location?

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  13. What were the other two?

    1932 N Burling:

    https://www.redfin.com/IL/Chicago/1932-N-Burling-St-60614/home/112340155

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  14. What were the other two?

    and one in Glencoe

    https://www.redfin.com/IL/Glencoe/595-Longwood-Ave-60022/home/13790758

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  15. “one in Glencoe”

    Seller paid $5.95m in 2005, and purportedly had $13m total into the property.

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  16. Available to rent for $3800, including the parking:

    https://www.apartments.com/321-s-sangamon-st-chicago-il-unit-903/hnrk1y2/

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  17. “Available to rent for $3800, including the parking:”

    What a deal compared to what is in the neighborhood.

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