A Corner 3-Bedroom Loft with River Views for $800,000: 758 N. Larrabee in River North
This corner 3-bedroom duplex loft in One River Place at 758 N. Larrabee in River North came on the market in March 2022.
One River Place is the former Montgomery Ward warehouse. It was converted into 241 loft condos in 2002.
It has 24-hour door staff, an exercise room, bike storage, a rooftop deck with grills and heated attached garage parking.
This loft has two walls of windows which overlook the Chicago River.
It has 15 foot concrete ceilings and exposed ductwork.
The listing says there is a “gourmet kitchen” with 42″ white Shaker cabinets, Carrera quartz counter tops and high end stainless steel appliances along with a peninsula with seating for 3.
The kitchen is open to the living and dining room.
All three bedrooms have full walls and windows, which is rare for many lofts.
The primary suite has a walk-in-closet and a granite en suite bath with steam shower, soaking tub and large double sink vanity.
The second bedroom has a “completely gutted” en suite bath with a new vanity and lighting.
A spiral staircase leads to the third bedroom which overlooks the river.
This loft has the features buyers look for including central air, washer/dryer in the unit and there are 2 heated garage parking spaces available for $35,000 each.
It has outdoor space in the form of a balcony that overlooks the River and the Tribune publishing site, which is currently being pitched as a possible casino site.
Originally listed at $850,000, this loft went under contract quickly but fell out and has returned to the market reduced $50,000 to $800,000.
Will the development of the Tribune site actually enhance values in the buildings across the River?
Elena Theodoros and Bari Levine at @Properties Christie’s Intl have the listing. See the pictures and floor plan here.
Unit #411: 3 bedrooms, 2.5 baths, no square footage listed, duplex up, loft
- Sold in 2002 (I couldn’t find the price)
- Sold in April 2008 for $687,500
- Sold in October 2014 for $767,500
- Originally listed in March 2022 for $850,000
- Under contract
- Re-listed in April 2022 for $800,000 (plus $35,000 each for 2 parking spaces)
- Assessments of $1278 a month (includes doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $17,261
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 16×14 (main floor)
- Bedroom #2: 15×12 (main floor)
- Bedroom #3: 15×12 (second floor)
- Living room: 23×17
- Dining room: 16×16
- Kitchen: 16×9
- Laundry: 7×6 (main floor)
- Walk-in-Closet: 15×6 (main floor)
- Foyer: 7×6
- Balcony: 17×5 (main floor)
This started off at $900k in 7/18
No pics of the “ professionally organized closet“?
Why are they having to cut pricing in a HAWT Market(tm)? I was assured that rising rates wasn’t going to have an effect on home prices
I do like this old Montgomery Ward warehouse building and the area is nicer than it used to be. Can’t handle the cut-off-window-business in pics 17 + 18, though. I understand why they did it, but God it looks bad to me.
This neighborhood (if you can call it that) is sketchy and drab/cold. You couldn’t pay me to live over there again.
This unit will have a sweet view of the new casino, no? I imagine many units here will be up for sale if the Tribune location is selected.
“This unit will have a sweet view of the new casino, no? I imagine many units here will be up for sale if the Tribune location is selected.”
What’s wrong with looking at a totally new, cool designed development across the river?
That’s much better than what is there right now (as the pictures show.) You can walk over the bridge and go to the outdoor concerts and restaurants that they are putting on the site. Seems like a lot of value add, actually.
You all know that the Bally casino is just a small portion of the overall site, right? Other buildings, including apartments, going in there.
“This neighborhood (if you can call it that) is sketchy and drab/cold. You couldn’t pay me to live over there again.”
This is why I brought up the mega development going up just over the river. Seems to me it will be a huge value add for these far west River North buildings. It will bring a dozen new restaurants, concerts, outdoor space. Also will be a nice addition to the skyline that you’re looking at every day off your balcony.
“This started off at $900k in 7/18”
A property that listed 3 to 4 years ago isn’t relevant to the current discussion. It’s not like they listed it in 2018 and never took it off the market.
2018 was a completely different market. Who cares?
This went under contract within a week a month ago.
@Sabrina, if you think even a small casino wont have a negative impact on the neighborhood, I have some oceanfront property in Arizona to sell you.
“if you think even a small casino wont have a negative impact on the neighborhood, I have some oceanfront property in Arizona to sell you.”
Really? I don’t get it. Many cities have casinos. It’s a hotel with entertainment in a location where there will be apartments, restaurants and other entertainments.
Everyone was all up in arms about the prospect of a dispensary in their neighborhood. Now there are dozens and no one cares.
“ A property that listed 3 to 4 years ago isn’t relevant to the current discussion. It’s not like they listed it in 2018 and never took it off the market.
2018 was a completely different market. Who cares?“
Why? As far as I can tell it didn’t sell. You don’t care because it doesn’t fit your narrative. You ignore data doesn’t support your shilling. Shills gonna shill
“This went under contract within a week a month ago.”
It fell out and they dropped the price, lol. Does that sound HAWT(tm) to you?
“Why? As far as I can tell it didn’t sell. You don’t care because it doesn’t fit your narrative. You ignore data doesn’t support your shilling. Shills gonna shill”
I have never included those listings in the pricing data. If they listed it last year and it didn’t sell, I’ll talk about it. But 4 years ago? Irrelevant and doesn’t matter.
If they have been trying to sell it, off and on on the market, for the last 5 to 10 years, then I will mention it. We have seen some Gold Coast mansions that have been on, and off, for a long time. I’ve listed it.
But they tried to sell it once in 2018 and weren’t successful?
Irrelevant to this market, which is the hottest in 17 years. 2018 was NOT 2022.
“Irrelevant to this market, which is the hottest in 17 years. 2018 was NOT 2022.“
A $100k haircut selling into the HAWTEST market? Makes sense
“A $100k haircut selling into the HAWTEST market? Makes sense”
Huh?
It went under contract within a week of listing JohnnyU. In River North. The hardest hit downtown neighborhood during the last 2 years.
Yeah, the housing market is healing. And healing well. Chicago is back. Even downtown. Even River North. Inventory is being absorbed downtown. Once there is a tight market for condos, prices will rise. It’s so much cheaper to buy this condo than to rent in one of the new apartment buildings in the neighborhood. Eventually, the pendulum swings away from rentals to condos. We’re in the first stage of that happening.
While the river view is nice, the view on the west/ left side of the river isn’t all that much to begin with. I can only imagine whoever lives there thinking it would be a big plus if they developed it, no? You would still have the view down Chicago Ave and up the river, and it makes the investment more valuable if the new riverfront development revitalizes the area. My initial thought was that the prospective buyer backed out when things stalled on the new development.
If I were to ever move back to the city this building would be one of my choices. Super quiet building thanks to the concrete and the high ceilings make even the small 1brs feel more spacious than they really are.
I remember drunkenly walking out of a party here and taking 20 minutes to find a pizza joint though. Not enough retail nearby which, as you mentioned Sabrina, sounds like will change soon.
Casinos do attract trash though. Crime will go up. Let’s not deny that. The casinos in the burbs have that problem, of course it’ll be worse in the city.
Still for sale, asking $750k (and still $35k per parking space).
Contingent once at $799,900