A 3-Bedroom South Loop Loft-Like Triplex With 2-Car Parking: 1446 S. Michigan
This 3-bedroom triplex in the Ford Motor Company building at 1446 S. Michigan in the South Loop came on the market in May 2020.
The Ford Motor Company was converted into loft-like condos in 2005. It has 14 units and attached garage parking.
This unit has some loft features including several walls of exposed brick and exposed ductwork along with large windows.
The first floor includes the kitchen, living and dining rooms along with a fireplace.
The kitchen has 42 inch cabinets, granite counter tops and stainless steel appliances with a breakfast bar.
The second floor has the preferred layout buyers look for in a 3-bedroom, with all three bedrooms on the same level.
The master suite has a walk-in-closet and an en suite bathroom with a walk-in shower.
The interesting thing about the bathrooms in this complex is that they left the brick exposed in most of them, which you don’t normally see.
The third level has a sunroom with a wet bar and a private rooftop deck.
The triplex has the features buyers look for including central air, washer/dryer in the unit and rare 2-car parking.
Listed at $560,000, including the parking, is this triplex a good townhouse alternative in this neighborhood?
Dorothy Wulf at Wulf Properties has the listing. See the pictures here.
Unit #H: 3 bedrooms, 2.5 baths, 1847 square feet, triplex
- I couldn’t find a prior sale on the CCRD. Is this the first sale from the developer?
- Originally listed in May 2020 for $560,000
- Currently still listed at $560,000 (includes 2-car garage parking)
- Assessments of $401 a month (includes parking, exterior maintenance, lawn care, snow removal and Internet)
- Taxes of $9,136
- Central Air
- Washer/dryer in the unit
- Fireplace
- Rooftop deck
- Bedroom #1: 14×12 (second floor)
- Bedroom #2: 10×10 (second floor)
- Bedroom #3: 15×10 (second floor)
- Living room: 21×17 (first floor)
- Dining room: 9×8 (first floor)
- Kitchen: 10×8 (first floor)
- Sunroom: 16×17 (third floor)
- Walk-in-Closet: 5×7
- Laundry: 5×7
Did they really use CGI unmade beds?
This needs to be under $500k
“Is this the first sale from the developer?”
no consideration deed from developer entity to developer principal land trust in 2013, so yes, but not exactly?
Maybe the neighborhood is more interesting these days, but that doesn’t change the fact that every north-south street in the area, including Michigan, is extremely wide and busy. It just doesn’t feel like a street I’d want to live on, and even walking there is unpleasant (not to mention running along it in the 25th and 26th miles of the marathon last year when the new skyscrapers there formed a wind tunnel blowing right at me).
The South Loop is not a desirable place to live imo. Especially now.
“The South Loop is not a desirable place to live imo. Especially now.”
Just a few blocks from here is the 26th tallest all residential structure in the world (NEMA) which has steadily been leasing its luxury priced units.
So, apparently, SOMEONE does want to live in the South Loop.
After, what, 13 years after the South Loop was named the hottest neighborhood in America (when was that? 2007 or 2008?), why is it still being nitpicked by critics?
And what does “especially now” even refer to?
If you were “especially nowing” after the protests/looting, wouldn’t you be against moving to the Gold Coast, River North and Loop as those were the neighborhoods which had the brunt of the violence, lootings?
Or are you talking about the looting at the Roosevelt Collection which was pretty severe? But was it any less severe than what happened to the Nike store on the Mag Mile?
Covid is also pushing people out of dense areas – according to reports I saw like 400k+\- people have left NYC. Someone just told me that 1000M has been cancelled. While all this could be a blip, it wouldn’t surprise me if a lot of people decided, especially with remote working, that urban life (or at least biggest cities) isn’t worth it and decamp for cheaper, smaller cities.
Sabrina – yes to all those. No clue why anyone who isn’t transient or single would live down there. I lived at 1130 s michigan during rad school 2010-2012, it was fantastic bc trader joes and jewel next door, but Roosevelt and State is a sad intersection of homeless and yuppies crossing paths. Just my opinion. Roosevelt and south, despite the lovely townhouses and vibe east of michigan, still has a shady vibe.
“So, apparently, SOMEONE does want to live in the South Loop.”
Well that someone is definitely not me. I don’t see the appeal. And yes, it is clearly more dangerous than the Gold Coast.
@Sabrina….Well done??
Sabrina, commenting from my phone. Those were hearts when I left them. No question marks.
“Someone just told me that 1000M has been cancelled.”
No one knows what is going on with the building. They did break ground, but likely had to in order to meet the deadline on the contracts. However, they DID get the construction loan. They were digging the foundation until like March when they stopped. Crain’s tried to find out what was going on and they blamed COVID for the halt. But Chicago Place has continued to go up during the entire shutdown and is now 15 floors up.
So, who knows?
The building was having trouble selling the condos as it was. I was shocked they broke ground. But if they put luxury apartments in there, wouldn’t have had any problems.
We’ll soon find out.
By the way, the “people are leaving the cities” has NOT proven to be the case in any city yet. Not even NYC as it’s all just anecdotal there. We’ll see the actual stats in a few months, right?
And moving to a “smaller” city really doesn’t make any sense as some of them had outbreaks of COVID, especially New Orleans.
I’m a fan of the South Loop, NONA. I don’t understand the criticism when it’s been an established neighborhood for 20 years now.
There were no blanket covid construction shutdowns (for the most part, some contractors did at first, but a lot didn’t) in Chicago that I know about. Plenty of buildings still going up.
According to what I’ve seen, 400k people, based on their phone signals, left NYC. Now whether that is temporary or permanent, we’ll see in the near future.
All small cities are not NOLA, people are going to places they grew up, etc. No need for face to face anymore. I suspect this is especially true for what I would call high level drone workers in bigger businesses that aren’t planning on returning to offices. A lot of people I know in big organizations aren’t going back to the office, however, a lot of us are being told to come in at least part time now.
Article regarding the 400k leaving NYC:
https://www.nytimes.com/interactive/2020/05/15/upshot/who-left-new-york-coronavirus.html
From the look of where they went, and the incomes of those who left, it seems many/most went to another home they already owned.
So the pharmacy in the pic survived the unrest?
“So the pharmacy in the pic survived the unrest?”
Everything “survived” the unrest. Chicago is quick to clean up. You can shop for groceries in most of the grocery stores already. I’m not sure how many of the pharmacies have reopened. All depends on location and how badly they were damaged.
Anyone living in the area want to chime in?
“There were no blanket covid construction shutdowns”
The builder told Crain’s they shut construction due to COVID issues. They said they couldn’t socially distance workers. But Crain’s pointed out that Chicago Place kept building and that developer said that socially distancing when doing the foundation was easier than the higher up floors as you have to ride in the construction elevator. 1000M was doing the foundation.
No one knows what is happening with the building because they’re not saying. They either will start construction again, or there will be a hole in the ground there.
As for NYC, a lot of people left the city to move back home with their parents in other cities or to the Hamptons etc. No one in Chicago cares. Lol. Sorry. We know from Crain’s and the Chicago Tribune that some Chicagoans also went to their vacation homes before the shutdowns including in Harbor Country and Lake Geneva etc.
In Chicago, I guess we’ll soon see thousands of properties listed with people trying to move, right?
“it seems many/most went to another home they already owned.”
Some anecdata on this one. An exec at my company that I report up to lives in Manhattan and is currently at their vacation home. Apparently they at least have the excuse of a kid working in a hospital, so they are letting kid use their place so kid doesn’t expose kid’s family.
Spending last Saturday in Lakeview for a kid’s playdate, it was shocking how “normal” it looked compared to our part of the West Loop (just east of the expressway). Lots of open stores, albeit with social distancing, a large number of people on the streets, and open cafes and restaurants.
Contrast that to our area (60661), where our condo building and at least three in a five minute radius of us are boarded up in front. The same with Ogilvie. And Mag Mile is boarded up from Oak to Wacker, at least, as of Sunday night. Many of the local eateriess (think Goddess and Baker) that had take out service are now shuttered and desolate. By comparison it felt like we were returning home to the edge of a war zone.
I know that it really was just two days of looting, but the protests are still just an incident away for possibly repeating and renewing the looting. Our building for one is staying boarded up at least until the end of June, and possibly the summer.
Short term I think property values in River North and the Green Zone east of Halsted and south of Chicago Avenue are going to take a hit. Question is how much (5%? 10%) and how long. And along with the trends due to the pandemic, will the development around Union Station and the Old Post Office be stillborn? Only time will tell.
The irony is that until the BLM-driven protests and looting, our area was fortunate. It had one of the lowest COVID-19 rates per 100K in the city, with only about 15K residents (as per the census tract data I looked up) in the zip code and very easy access to West Loop proper and River North with the low density of traffic. Also four grocery stores within a 15 minute walk, which was a relative luxury at the time.
By the way, not us, but I know of at least one family in my son’s school that moved from East Lakeview during the virus up to the suburbs to live with parents, at least through the summer. Wonder if they’ll wind up selling now or sublet.