A 2-Bedroom Renovated Brick and Concrete Loft in Roscoe Village: 1800 W. Roscoe
This 2-bedroom loft in the Pencil Factory Lofts at 1800 W. Roscoe come on the market in June 2019.
The Pencil Factory Lofts were built in 1916 and converted into 134 lofts in 1993. The building has a parking garage, roof top deck and exercise room.
This unit has its authentic factory finishes including big industrial windows, concrete ceilings and columns and exposed brick.
The listing for this corner concrete loft says it has had a complete renovation.
The kitchen has white cabinets, stainless steel appliances, Rumba Diamond tile backsplash and Borghini polished quartz counter tops.
The master suite ahs a new master bathroom with marble hex tile floor, a subway tile surround in the shower and a seamless glass shower door.
The listing says the loft has city views.
It has the other features buyers look for including washer/dryer in the unit, central air, and 2-car tandem parking.
The Pencil Factory is just a few blocks to the Paulina brown line stop.
This loft last sold in 1998 so this is a rare chance for this property.
Originally listed in June, it went under contract almost immediately but has since come back on the market priced $4,990 more at $479,900.
Is there strong demand for completely renovated older lofts?
Mathew Boemmel at Compass has the listing. See the pictures here.
Unit #413: 2 bedrooms, 2 baths, 1536 square feet, loft
- Sold in August 1993 for $205,500
- Sold in July 1995 for $220,000
- Sold in July 1998 for $275,000
- Originally listed in June 2019 at $475,000
- Went under contract right away
- Came back on the market higher in August 2019
- Currently listed at $479,990 (includes 2 car tandem parking)
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 18×15
- Bedroom #2: 12×12
- Living room: 25×13
- Dining room: 15×13
- Kitchen: 14×12
“81% owner occupied”
Color me skeptical on that one.
A friend had a unit in this building a few years ago…every time I visited I got the impression it was more than half renters.
Hard to say if that second bed is fully enclosed. If so, great. Concrete between floors should equal decently quiet.
OK unit. Good location. Not sure it is worth over $400K however. Not to me at any rate, especially given no private outdoor space. I am sure that roof is the opposite of relaxing on a nice summer night 😉
This loft last sold in 1998 so this is a rare chance for this property.
According to Redfin, it sold for $464,500 in 2009. (possibly the property history hadn’t been fully updated when this was first posted).
And the ’09 listing shows the same unit number:
https://www.redfin.com/IL/Chicago/1800-W-Roscoe-St-60657/unit-413/home/13386148/mred-07191122
Kinda crazy that they apparently got rid of a subzero fridge.
“According to Redfin, it sold for $464,500 in 2009. (possibly the property history hadn’t been fully updated when this was first posted).”
Redfin, or Zillow, are only accurate on the prior sales about 75-80% of the time. There are a ton of errors so you really have to go to the source (if you can.)
I see I missed a possible sale in 2009 because it was between two trusts (and no price is listed.)
If it did sell for $464,500, then they are barely getting any appreciation on this.
“OK unit. Good location. Not sure it is worth over $400K however. Not to me at any rate, especially given no private outdoor space.”
I’m not trying to be a jerk, but The Cat, do you honestly believe in 2019 you can get a 1536 square foot 2-bedroom, 2 bath with tandem parking for 2 cars for UNDER $400,000 anywhere from the South Loop all the way up to Edgewater (and including most of the west side, as well)?
I mean, the days of a 2/2 with parking under $400,000 in the GreenZone went away around 2014-2015. (Of course, there are always a few exceptions here and there but they likely won’t be 1500 square feet.)
If anything, I’m surprised this loft isn’t priced closer to, or above, $500,000.
The stunning views of the Metra and Brown Line curve are what’s keeping this under $500k. I’m sure you’ll just love opening those windows on a nice evening and hearing a brown line train squeal around the curve every couple of minutes.