Crib Chatter

This 2-bedroom corner loft at 2332 S. Michigan in the Motor Row neighborhood of the South Loop came on the market in October 2020.

Built in 1901, this building was converted into lofts at the height of the housing bubble, in 2007.

It has 22 units, and elevator and garage parking.

This loft has exposed brick walls, big industrial windows and high timber ceilings in the living room.

There are bamboo hardwood floors in the living/dining rooms.

The kitchen has black modern cabinets, granite counter tops with a large island, a subway tile backsplash and stainless steel appliances that the listing says were new in 2018.

The listing says the primary suite was updated in 2019 and has stone flooring, a large walk-in-closet and a renovated bath with a dual sink vanity and walk-in shower along with heated floors.

The second bedroom has two walls of windows and stone floors with exposed brick walls and an updated bath.

There’s a balcony off the living room.

The loft has all the features that buyers look for including washer/dryer in the unit and central air. The listing said the furnace and A/C condenser were new in 2018.

There’s garage parking but it’s additional and I can’t find how much they’re asking for it in the listing.

Listed at $425,000, is this Motor Row loft a deal?

Nadine Ferrata at Compass has the listing. See the pictures here.

Unit #302: 2 bedrooms, 2 baths, 1521 square feet, loft

• Sold in July 2007 for $407,000 (included parking)
• Originally listed in October 2020 for $425,000 (garage parking is additional- but doesn’t say how much)
• Currently still listed at $425,000 (plus garage parking additional)
• Assessments of $400 a month (includes exterior maintenance and scavenger)
• Taxes of $7113
• Central Air
• Washer/dryer in the unit
• Gas fireplace
• Bedroom #1: 15×13
• Bedroom #2: 14×11
• Living room: 20×18
• Kitchen: 15×10
• Foyer: 10×5
• Balcony: 9×5