Corner 2/2 Loft with a Sun Room and Parking in Lincoln Park for $550K: 2525 N. Sheffield
This 2-bedroom corner loft in the TRU Lofts at 2525 N. Sheffield in Lincoln Park came on the market in May 2024.
I’m not sure when the TRU Lofts were built but it was converted into 28 lofts in 2007. It’s an elevator building with outdoor parking.
The building has a bike room but no other amenities.
Yes, the building is right next to the El tracks but this particular unit is the furthest away on the southwest corner.
The loft has 12 foot concrete ceilings and exposed brick walls.
The kitchen is open to the living and dining room. It has white cabinets, a tile backsplash, stainless steel appliances, stone countertops and a peninsula with seating for 4.
The primary suite has an en suite bathroom and a walk-in-closet. It has 2 windows.
The second bedroom has a French door and a window, but the walls don’t go all the way to the ceiling and there doesn’t appear to be a closet.
There is extra storage in the lofted space in the unit.
The loft has a balcony as well as a unique sun room space.
It also has the features that buyers look for including central air, side-by-side washer/dryer in the unit and one exterior parking space included.
This building is near DePaul University, Jonquil Park, the Fullerton subway stop, bus lines and the restaurants and shops of Lincoln Park.
Listed at $550,000, it last sold at the start of the pandemic, in June 2020 for $475,000.
With inventory so low in Lincoln Park, will it get its price?
Samuel Kahn at Luxury Living Real Estate has the listing. See the pictures and floor plan here.
Unit #2A: 2 bedrooms, 2 baths, no square footage listed
- Sold in May 2007 for $412,500
- Sold in September 2015 for $415,000
- Sold in June 2020 for $475,000
- Listed in May 2024 for $550,000
- Assessments of $336 a month (includes exterior maintenance, scavenger, snow removal, Internet)
- Taxes of $8840
- Central Air
- Washer/dryer in the unit
- Exterior parking space included
- Fireplace
- Bedroom #1: 10×16
- Bedroom #2: 9×10
- Living/dining room: 25×19
- Kitchen: 8×8
- Sun room: 7×5
- Balcony: 7×5
- Laundry: 4×5
Between the L & the condenser, probably not spending much time outside, Sunroom was a good idea for 8 months out of the year, guessing you’ll roast by mid-day in the summer
Overall the place isnt bad, checks a few boxes – Parking, W&D. Who ever stained the floor made a mistake. Would much prefer to rent this for $3800/mo. Guessing this goes a bit under ask
That “sunroom” should have been designed to open onto the rest of the balcony.
The shelf over the toilet looks out of place. There are much more aesthetically pleasing options.
Jun-20 price + CPI = $577
Sep-15 price + CPI = $547
Decent DINK (or single) place, at a decent price.
Fridge and dw are 17 years old–past their useful life. No mention of water heater or hvac–would expect the same, except that 2020 listing said: “ALL new windows, A/C (2017)”–do wonder if that is just the compressor, or the whole system?
JU: Floor has been (approx) that color sincve the ’15 listing–probably the original color.
Icarus: Definitely better shelf options, but that would look less weird with whatever stuff someone living there would keep on it. I’m more bothered by the location of the shower door–do you really have to step basically over the toilet to get in and out of the shower? Should have stuck with a slider in this case, I think (even tho I am gnerally opposed).
“I’m more bothered by the location of the shower door–do you really have to step basically over the toilet to get in and out of the shower?”
ha, just noticed this. looks problematic. how far open towards the toilet can the door even open. tight squeeze to lean in and turn the water on. door most likely swings in as well but then you have to stand in the shower to turn it on and wait for it to warm up.
“No mention of water heater or hvac–would expect the same, except that 2020 listing said: “ALL new windows, A/C (2017)”–do wonder if that is just the compressor, or the whole system?”
When it comes to water heaters and furnaces (at least gas ones), buyers need to be aware that the eventual replacement of those items could be far more expensive that expected, if things weren’t done to code in the past or if current code requires additional work (assuming they intend to use a legit plumber, get permits, etc.). We knew that our water heater was getting towards the end of its useful life (or was already there) when we bought our house nearly six years ago – because our home “inspector” pointed out its age and specified its useful life. Now that I’ve purchased a new $1,500 water heater (it’s a little more because its a power vent), I’ve had multiple plumbing companies say that the install will range from $3,500 to $6k (not the $1,200 the Home Depot-assigned plumbing company estimated on the phone), due to required updates (mostly on the venting/exhaust) to comply with current code (the current water heater, like our furnace and swamp cooler, as well as the digging out/conversion of our crawl space into a cellar back in the 90s, was all done personally by our seller – an engineer and lawyer, but by no means a professional plumber, electrician or concrete guy). I think I’ve found a guy (who worked for one of the plumbing companies that gave an estimate) who’ll install the new one for $800 – fingers crossed.
All new kitchen appliances would go a long way here. And not cheapo looking ones.