A 2-Bedroom Authentic Loft with a Roof Top Deck: 1001 W. Altgeld in Lincoln Park
If you’re looking for a unique property, this 2-bedroom at 1001 W. Altgeld, in the Soda Pop Factory Lofts, in Lincoln Park may be for you.
It has an open kitchen concept with white cabinets, white appliances, quartz counter tops and a stone backsplash.
The loft also has one of the largest skylights I’ve seen.
The bedrooms have exposed brick walls and full ceiling heights for privacy.
But the crowning glory of this property is the 36×18 private roof top deck for those summer nights.
Joseph Semany at Westward Properties has the listing. See the pictures here.
Unit #9: 2 bedrooms, 2 baths, no square footage listed
- Sold in April 1987
- Sold in August 2004 for $337,000
- Currently listed for $399,000 (includes the parking)
- Assessments of $305 a month (includes cable)
- Taxes of $4841
- Bedroom #1: 16×11
- Bedroom #2: 10×10
- Living room: 17×16
- Kitchen: 11×9
I went to a party once at a unit here, back in the day (when these places were “new” and had slick 80’s finishes and b&w tile in ’em). So I can attest the roof top decks work pretty well.
With literally a couple hundred other options for 2/2’s
I went to a party once at a unit here, back in the day (when these places were “new” and had slick 80’s finishes and b&w tile in ‘em). So I can attest the roof top decks work pretty well.
With literally a couple hundred other options for 2/2’s under $400k in LP, though, is this the best deal?
I think my favorite option for someone who wants something “like” this (though not loft), near here is http://www.redfin.com/IL/Chicago/957-W-Montana-St-60614/unit-1S/home/12772155. Has its flaws, but for $25k less you get a garage spot and a 3 level condo on a quieter street.
SquareD, take a look at the floor plan. That place is really just a 1BD with a basement.
Am I the only person in Chicago who hates the word ‘pop’?
Sonies: yes.
Sonies: Nope
Am I missing something? What makes this a loft? Ceilings look low ….
“SquareD, take a look at the floor plan. That place is really just a 1BD with a basement.”
I shouldn’t have threadjacked re: another stupid LP property but I would argue this place is a 1BD w/a closet, so, compared to a 1BD w/basement it’s a wash. Unless the 10×10 closet is that much better than the 16×9 basement.
(Bigger issues on the other property are no 1FL BA, EL proximity and construction next door, but enough about that).
Onlooker: Definitely actual loft. Used to be a POP factory and feels completely loft (brick, ducts, tons of noise).
Sonies: Yes. . . but I am dedicated to contiuing to use the term, as a point of Midwestern pride (go ask for a pop in ATL sometime and see what you get).
I’ve been in this building a few times and have a seen a couple of different units. The layouts I’ve seen have been very dark, awkward, and narrow.
While this unit does have a large skylight (and rooftop deck) I’m not quite sure it compensates for the narrow layout and low ceilings. Personally, I think this will go for close to 2004 price (including parking).
The further away from Armitage your “Lincoln Park” pad is, the harder I laugh in your face.
The person that buys this will get a level 27 laugh down from me.
Of course that will be counter balanced by the insane appreciation this place will go through in the next 5 years.
So yeah, you get laughed on, but you sell your place and double your investment.
Personally, I still wouldn’t do it.
We looked at a place in the building in 2004. We like unique, but the unit we saw was too much for us. In retrospect, it was probably just too much 80’s. Also, the el is directly across the street and very loud.
Semi OT: I know this is discussed a lot, but which parts of LP are considered most desirable for SFHs? Are all the nicest SFHs in Burling/Orchard area just because of zoning or some other reason? Would closer to lake in LP or even on Wieland be more desirable?
“which parts of LP are considered most desirable for SFHs”
Lincoln School attendance area, generally. But it’s mostly about what you value having within walking distance and whether re-saleability matters much (most SFH buyers have/will have kids).
Those gargantu-houses on Orchard & Burling are mostly (imo) about availability of contiguous lots at a given price.
“Would closer to lake in LP or even on Wieland be more desirable?”
You can’t live on the lake on LP. It’s not like the North Shore where you can have a private beach. It’s no even like the Gold Coast where you can just cross LSD and be on the lake in two minutes. The absolute closest you can get in LP are the places right by D Harbor. Unless you consider the highrises on North to be LP and I most certainly do not.
For that reason, once you are east of Halsted, proximity to the lake in 95% of situations is at most a 5 minuet walking difference from the closest SFHs. I can’t imagine a premium would be placed on a SFH 4 blocks closer to the lake over a large place on Orchard or Burling.
PS the craziest place currently in LP not on Burling is the straight up palace under construction kiddie corner to OZ Park on Larrabee. It’s not like that place would have a premium by being any closer to the lake. It’s already only a block from Four Farthings. What else could you want?
My definition of a loft includes open space. This place clearly does not have that feel.
jd, I’ve seen this place (http://www.redfin.com/IL/Chicago/957-W-Montana-St-60614/unit-1S/home/12772155.). The layout really works better than the floor plan indicates. It has a great kitchen (far better than anything I’ve seen in the price range), nice amenities and the layout gives good privacy for the two different bedrooms. Love that neighborhood, too…