A 4800 Sq Ft South Loop Penthouse with 2 Private Terraces Reduces: 1400 S. Michigan
This 4-bedroom penthouse in Tower II at 1400 S. Michigan in the South Loop came on the market in December 2019.
Built in 2008, Tower II has 257 units and a parking garage. It’s a full amenity building with a doorman, pool and exercise room.
This is a true penthouse with North, South and East views and takes up a half floor on the 28th floor.
It has been completely customized with crown molding throughout, boxed ceilings with gold medallions, arched doorways, columns, barreled hallway ceiling and designer chandeliers.
There are hardwood floors, Italian porcelain tile, Italian marble tile and solid core doors throughout.
The listing describes the kitchen as a “chef’s dream kitchen” with custom handmade Italian wood cabinets, a hood that vents outside for indoor grilling, quartz counter tops, a full piece quartz island backsplash, stainless steel appliances and a breakfast bar.
The unit has custom programmable remote lighting and window treatments.
All bedrooms are en suite and the bathrooms have heated floors and Toto toilets.
The master suite has 2 walk-in-closets, double sinks with custom cabinetry, a marble shower with a rain shower, and a bidet.
There’s central air and a laundry room.
The unit also has a private heated garage for 4 cars with extra storage and water and a drain for car washing for $175,000 extra. But the listing says you don’t have to buy the parking and can buy single spaces in the building. (Is this private garage also in the building, or separate?)
If you love terraces, this unit has two 650 square feet terraces with city and lake views.
The listing doesn’t say if the outdoor planters would be included.
Originally listed in December 2019 for $2,474,900 this penthouse has been reduced to $1,999,000.
It’s in the heart of the South Loop, near restaurants and supermarkets.
At 4800 square feet, is this a deal?
Lauren Dayton at Jameson Sotheby’s has the listing. See the pictures and floor plan here.
Unit #2801: 4 bedrooms, 4.5 baths, 4800 square feet, penthouse
- I couldn’t find an original sales price as the CCRD isn’t finding anything in this building.
- Originally listed in December 2019 for $2,474,900
- Reduced in April 2020
- Currently listed at $1,999,900 (4 car private heated garage available for $175,000)
- Assessments of $1698 a month (includes heat, a/c, gas, doorman, cable, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $26,674
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 26×17
- Bedroom #2: 12×10
- Bedroom #3: 14×12
- Bedroom #4: 15×12
- Living room: 24×18
- Dining room: 21×12
- Kitchen: 15×15
- Breakfast room: 16×12
- Laundry room: 6×8
- Terrace #1: 27×24
- Terrace #2: 27×24
LOFL are the owners the couple from Queen of Versailles?
Owners are throwing a Hail Mary that this sells for anything more that raw sf less demo
The terraces off the BRs arent going to be real popular wIth families
Wow (and not in a good way!). Understatement of the year, from realtor: “You will not find another home like it”
I wasn’t thinking Versailles; more like nuevo Venetian Palace decor meets middle tier south loop condo building.
Agree with JohnnyU that the value is in the raw space for someone who wants lots of sq. footage, great views, outdoor space, true penthouse, but in this type of building (mostly $200K-500K units) and this location. There aren’t many buyers that would want a decently finished version of this unit in this building/location; far less would see beyond the decor (most of which is not easily removed!)
Wow. I just… wow.
So many thoughts, but I have to say my “favorite” thing about this place is that it’s so overstuffed with furniture and excessive ornamentation inside and then you get to the terrace and it’s like, “ah, whatever, throw some Menard’s furniture and a grill out there and we’re good”
Anyone who buys this is probably going to have to replace a lot of cabinetry and maybe pull out some built-ins. The price should reflect that.
“I wasn’t thinking Versailles; more like nuevo Venetian Palace decor meets middle tier south loop condo building.”
Not the actual Versailles
https://www.imdb.com/title/tt2125666/
Worth watching for the train wreck aspect
I LOVE the ceilings and moldings in this place. Heck, I even like the columns.
Those ceilings aren’t cheap. It would be a real shame if someone tore them out. They add so much character.
You could do a lot with this unit just by removing the window treatments.
I’m not sure what to think about the kitchen. It’s high quality, for sure. Those cabinets are a work of art. But it won’t be to most tastes. I wonder what a good interior decorator could do with it though?
Someone with real vision could do a lot with this unit.
Of course, all of that costs money. But if it’s priced at the right price, it might be worth it. The dual terraces off the living room are fantastic. They actually have privacy. More landscaping would help. But that costs big money too.
“more like nuevo Venetian Palace decor meets middle tier south loop condo building”
So, you mean “casino”?
Here’s the Presidential Suite at the Venetian:
https://www.venetian.com/suites/presidential.html
Not too far off, if you were to swap the drapes, as Sabrina suggests.
[Venetian Chairman Suite is bigger, but far more ‘asian’ aesthetically.]
Live like a modern day Liberace for only 12k/mo. Totally the wrong building for this decor. All kinds of fkd up. Nobody is paying close to 2M for this, lets get real.
Any ideas as to what’s above the sink in the laundry room? A bar to hang and dry? The center post with a foot is throwing me off
“Live like a modern day Liberace for only 12k/mo. Totally the wrong building for this decor. All kinds of fkd up. Nobody is paying close to 2M for this, lets get real.”
I guess Jan Terri finally mad it big
” throw some Menard’s furniture”
Looks more Frontgate level to me (nice, but not what I would spend that amount of $$ on), but there is zero care for the outside space in general or even for where they (didn’t) staged the furniture.
The space itself is pretty nice, but is one room short, as evidenced by the dining room being used as a conservatory, and the dining table crammed into the breakfast room. Also the foyer doesn’t tie into the public space of the house well–having to go through the conservatory/dining room to get anywhere.
I personally can’t stand the yellow (orange, brown) cast to basically the whole place–I have known many people who like that, but it is an immediate turn off for me.
$800k for the space and parking in Jun-12, to one of the principals of the developer.
“Any ideas as to what’s above the sink in the laundry room? A bar to hang and dry? The center post with a foot is throwing me off”
I think it is just a handle to pull it down. See this:
https://www.wayfair.com/storage-organization/pdp/rev-a-shelf-26w-35w-closet-rod-rsef1191.html?piid=
“At 4800 square feet, is this a deal?”
at $417/sf? no way considering the amount of money one will have to put back into the place.
““At 4800 square feet, is this a deal?”
at $417/sf?”
Unless the room measurements are really low, this ain’t close to 4800 sf of interior space. Closer to 3500, plus the 1300 outside. Raw-ish outdoor space of that size/height/location I’d ascribe (max) ~$200 psf, call it $250k, so $1.75m for 3500 inside = $500 psf.
For someone (like Sabrina) who *wants* this sort of trim, etc, maybe an ok price, but likely a bit of an issue with the ‘best house on the block’ within the association.
Looks more Frontgate level to me
I just knew someone would counter that the outdoor furniture is more expensive than a Menard’s special. Either way, it’s boring and looks like an afterthought.
(BTW, The only thing(s) I’ve ever purchased from Frontgate were 3 outdoor rugs. 1 of them lasted only 1 summer and the other two lasted 1.5 summers. The rugs that I subsequently bought at Target (on sale for a fraction of the FG price) have lasted 4 summers so far.)
Correction to the headline of this post – the property actually has 6 private terraces (or 2 terraces and 4 balconies?) based on the floorplan.
“more expensive than a Menard’s special”
I generally loathe Menard’s products (they do have the best hay bales for the price in the city, if you like that sort of ‘fall decor’ crap), so was forced to take a closer look to see if I should pile on. But I couldn’t.
The words ‘taste specific’ come to mind.
Just shockingly horrific. Nobody wants this design, it’s a screaming nightmare. Everywhere you turn it’s clashing colors, clashing stone, every surface is overwrought with tacky, glued on appliqués spray painted gold. More, more, more they screamed, we want more of everything! A legit horror show!
It would be an enormous expense just to rip this all to shreds, only to have to turn around and pay a fortune to put in fine, classic, restrained finishes. So, now you’re having to deal with two massive projects and pay for all that labor plus dump fees on maybe 20 semi-trucks.
Sabrina, this was a hilarious find!
in the MLS listing broker’s remarks, it states that the SF includes all the outdoor spaces…
Horrific is truly the word. Whoever mentioned Liberace was on the right track. He would have loved this place.
1. JohnnyU: thanks for clarification about Versailles
2. @Jack: re the sq footage including the outdoor space; and Anon(tfo): So with 1500 sq. ft outdoors, it’s really a 3300 sq. foot place!
3. And, no one has commented that at $2 MM, no parking is included!
“I generally loathe Menard’s products ”
Of course you do.
For 2 million dollars, I want more than one indoor living space. Four bedrooms, and just the one living room?
It reminds me of Trump’s NY apartment.
https://www.idesignarch.com/inside-donald-and-melania-trumps-manhattan-apartment-mansion/
“Of course you do.”
Yes, of course I do. Their product line is (correctly) aimed at their core market, which is exurban and non-metro city Great Lake/Upper Midwest. And that ain’t me. What they have (that has design–lighting, patio furniture, etc–lumber is lumber, nails are nails) is fine, but is not my preference.
And you seem to have a problem with that.