A 2-Bedroom Renovated Loft Overlooking Randolph Street: 1000 W. Washington in the West Loop
This 2-bedroom loft in Epicenter Lofts at 1000 W. Washington in the West Loop came on the market in April 2020.
Built in 1910 and converted into lofts in the late 1990s, Epicenter Lofts has 180 units and heated garage parking.
It has a doorman.
The listing for this brick and timber authentic loft says it has been renovated.
It has 12 foot exposed timber ceilings and a wall of repurposed barn wood.
There’s a fireplace in the living room with built in bookcases.
The loft has hardwood floors throughout.
The kitchen has white upper cabinets and grey lower cabinets including on the island, along with quartz counter tops and a full quartz backsplash with Bosch and Wolf stainless steel appliances.
The primary suite has French doors that open to the living/dining room along with a walk-in-closet and an en suite bathroom has a quartz dual vanity and rain shower with bench.
The second bedroom has wainscoting.
There’s no floor plan with the listing, but it appears from the pictures that neither bedroom has a window.
This loft has a balcony which looks out on Randolph Street.
It has the features buyers look for including central air, washer/dryer in the unit and tandem heading garage parking for two cars which is included in the price.
Originally listed in April 2020, during the first COVID lock down, at $1,089,999, it has been reduced $174,999 to $915,000.
Has the COVID pandemic finally cooled the West Loop’s luxury housing market?
Nicholas Colagiovanni at Baird & Warner has the listing. See the pictures here.
Unit #238: 2 bedrooms, 2 baths, 2050 square feet, loft
- Sold in September 1997 for $261,000
- Sold in April 2005 for $437,500
- Sold in June 2009 for $550,000
- Sold in January 2016 for $587,500
- Originally listed in April 2020 for $1,089,999
- Reduced
- Currently listed at $915,000 (includes tandem heated garage parking for 2 cars)
- Assessments of $995 a month (includes doorman, exterior maintenance, scavenger, snow, Internet)
- Taxes of $16,571
- Central Air
- Washer/dryer in the unit
- Fireplace
- Bedroom #1: 18×14
- Bedroom #2: 12×12
- Living room: 27×30
- Dining room: 26×16
- Kitchen: 14×16
- Laundry room: 9×7
- Balcony: 6×8
Per Redfin, it’s been listed and pulled off market since August 2019.
Pricing is indicative of being a rental or it’s a make me move situation
2nd Br ain’t 12 x 12 and I think they were very generous with the other room dimensions
Nice enough finishes, just still grossly over priced
Is this the infamous Washington lofts with all the lawsuits for water infiltration?
what in the reno makes the value double than the 2016 sale?
$915k for a 2 bedroom that has no windows in either bedroom…… hard pass.
“2nd Br ain’t 12 x 12″
Counting the closet! Might be almost there, but prob 11’3” getting rounded up.
Great deal…. if it were in Brooklyn.
These folks are high as a kite. Nice enough reno….how about sanding and refinishing your itty bitty mossy balcony while you are at it? Seriously not a big job there and within the skill set of just about anyone. The hexagon tiles in the master bath floor are *almost* too large for the space. Lotsa turnover it seems. Anyone who pays a million bucks for this either better have a crystal ball that tells them rates aren’t going to rise in the next five years, or better be prepared to own it long term or cut a (potentially large) check at the closing table.
Apparently the developer called it 2100 sf, see “338 Tier”:
https://www.dreamtown.com/buildings/1000-west-lofts
And here’s their recent comp:
https://www.redfin.com/IL/Chicago/1000-W-Washington-Blvd-60607/unit-405/home/12789346
Closed 4-1-21 for $940k, with same claimed SF.
“Is this the infamous Washington lofts with all the lawsuits for water infiltration?”
Yawn. Do people still talk about things that went on in some buildings literally DECADES ago?
Really?
It’s no longer “infamous” Groove77. Kind of like the “infamous” South Loop high rise who had the pipes explode and water running down the walls of all the units on dozens of floors during the housing bust. Lawsuits there too.
Remember the address for that one?
Does anyone care 10 to 15 years later?
Oh, there’s also an “infamous” building that had multiple lawsuits in River North. This was, oh, about 20 years ago now.
Again, not really “infamous” decades later.
“what in the reno makes the value double than the 2016 sale?”
McDonald’s HQ opened.
“Kind of like the “infamous” South Loop high rise who had the pipes explode and water running down the walls of all the units on dozens of floors during the housing bust. Lawsuits there too.
Remember the address for that one? ”
1717 S Prairie Ave?
“ Yawn. Do people still talk about things that went on in some buildings literally DECADES ago?”
Channeling your inner JoeZ, nice.
An ex-boyfriend owned a place in this building back in 2010. As I recall, it had 3 stories with the main living area on one floor and then a bedroom on each of the two other floors. Really cool place with an exposed metal staircase leading up to the upper floors. This unit appears to all be on one floor, making it no different than any of the thousands of other lofts on the market. I keep seeing a lot of places listed for what I see as delusional prices. Are buyers really not perturbed at the idea of just giving someone else $400,000+ more than was paid 5 years ago? This isn’t Seattle.
“Yawn. Do people still talk about things that went on in some buildings literally DECADES ago?”
I don’t know about you, but if I am making a million dollar investment I would like to know a kid bit like that, and would like to know if it was fully remedied as HOA disclosures may not have it in as its ‘decades ago’.
You can belittle my question all you like, it really highlights the shilling that seems to the theme the back bone I am noticing.
Probably not an issue anymore. Either way, its a question and hopefully a curiosity for a new prospective owner.
don’t worry you do’t have to respond tonight at 10pm after 3 glasses of boxed wine, we’re good.
@Groove77 – – I am with you. Would be the kind of thing you hire someone better than the-real-estate-attorney-recommended-by-your-broker and you pay them extra to look into this very issue – – making sure there are no loose ends remaining, as your typical closing attorney is not going to do that in the normal course of buying a unit like this. I think additional due diligence is warranted and if I got even a whiff off “you are a moron for asking” from the seller or any of their agents I would just look elsewhere. Life is short and when you boil it down, there really isn’t anything particularly unique about this unit making it any more desirable than a myriad of similar units available to a patient buyer…in fact, renting for the next year or so and taking advantage of rental incentives in some newly constructed high rises, would be the way to go!
Sabrina on May 4th, 2021 at 11:00 pm
Yawn. Do people still talk about things that went on in some buildings literally DECADES ago?
I still call this the “mold building” every time my wife and I are in the area. Yes, lawsuits are not unique to this building but *that* lawsuit was particularly egregious, expensive, and ongoing. That says a lot about the quality of the building and the HOA. As a result, I always steer friends/acquaintances away from this address — if they’re in the market — and they thank me every time when I show them the articles about the lawsuit. The Cat said it best; life is short. This is a bullet you can see 3 miles away so why not dodge it? There are better buildings and better HOAs on which to drop a $100k-$200k down payment.
“As a result, I always steer friends/acquaintances away from this address — if they’re in the market — and they thank me every time when I show them the articles about the lawsuit.”
You literally show them articles about lawsuits from 15 to 20 years ago?
Why?
That makes no sense. As the values in the building have gone up, it clearly isn’t how the building is viewed in the marketplace.
“I don’t know about you, but if I am making a million dollar investment I would like to know a kid bit like that, and would like to know if it was fully remedied as HOA disclosures may not have it in as its ‘decades ago’.”
The banks have been lending in that building since the housing bust, when they got VERY strict about where they lent. Under the new regulations, even the banks order the HOA minutes and want to see all pending lawsuits etc.
Would something from 20 years ago show up now?
You hope not!
Groove77, do you honestly think when buying a single family home you have ANY idea what happened there 20 years ago?
“don’t worry you do’t have to respond tonight at 10pm after 3 glasses of boxed wine, we’re good.”
Groove77, you joining JohnnyU in the “she’s a drunk woman who doesn’t know anything” camp?
This allegation is only made by weak minded men who don’t have any actual argument about what is being discussed.
Sad you’re joining in on that.
“Are buyers really not perturbed at the idea of just giving someone else $400,000+ more than was paid 5 years ago? This isn’t Seattle.”
Jenny: Fulton Market/West Loop IS Seattle.
“ This allegation is only made by weak minded men who don’t have any actual argument about what is being discussed.”
Or by drunk women who grossly overestimated their intelligence, who the get all passive aggressive when confronted with the fallacies of their logic and arguments.
“Groove77, do you honestly think when buying a single family home you have ANY idea what happened there 20 years ago?”
Wouldn’t it be nice and helpful to know anytime you are parting with major amounts of cash?
I don’t know I guess I am different than the rest of the world, my dollar bill means a lot to me I don’t want to just toss it in the bin on a whim. Regardless of how J. Powell is devaluing it currently.