Discover Downtown Living in a 2-Bedroom Loft for $349,000: 20 N. State in the Loop
This 2-bedroom in the Millennium Park Lofts at 20 N. State in the Loop came on the market in September 2024.
Built in 1929, Millennium Park Lofts was converted into 100 lofts in 2003. It does not have any parking nor door staff.
However, it does have extra storage and a fitness center.
This loft has authentic loft features including exposed brick, and stone (?) walls, exposed duct work and 20-foot cement ceilings.
The listing says you could expand upwards, adding a lofted third bedroom or office.
It has a “sought after” split bedroom plan with windows in both bedrooms.
The loft has a unique partially enclosed sunroom off one of the bedrooms.
The kitchen has wood cabinets, black and stainless steel appliances and what looks like granite counter tops. There is no island but it’s open to the living room.
The listing says the unit has “brand new” luxury flooring and fresh paint.
There’s only one bathroom but it has a marble double vanity.
It has some of the features buyers look for including washer/dryer in the unit and central air. There’s no parking with the building but there are multiple bus and subway lines just steps away.
This loft is near all the shops and restaurants on State, Wabash and Michigan Avenue as well as Millennium Park.
More commercial buildings are being converted into housing in the Loop but it will be on LaSalle. It’s been over 20 years since the last big surge in new residential housing in the loop, which included this building.
Listed at $349,000, is this a apartment alternative in the Loop?
Mary Summerville and Kary Leon at Coldwell Banker have the listing. See the pictures and floor plan here.
Unit #1006: 2 bedrooms, 1 bath, loft, 900 square feet
- Looks like it last sold in June 2003 but I couldn’t find a price
- Originally listed in September 2024 for $349,000
- Currently still listed at $349,000
- Assessments of $836 a month (includes heat, a/c, gas, cable, exercise room, exterior maintenance, scavenger, snow removal, Internet)
- Taxes of $7339
- Central Air
- Washer/dryer in the unit
- No parking
- Bedroom #1: 15×10
- Bedroom #2: 12×12
- Living room: 15×12
- Kitchen: 15×13
- Partially enclosed sunroom: 12×5
“Looks like it last sold in June 2003 but I couldn’t find a price”
They bought 5 units for $907k (or, that’s the transfer tax they paid). Borrowed $1,909,250 against the 5 units.
906–sold in Nov-19 for $300k
1001–sold in Sep-19 for $193k
1006–featured unit
1007–sold in May-23 for $202,500
1008–sold in May-23 for $202,500 (same buyer as ’07), flipped in Nov-23 for $310k. https://www.redfin.com/IL/Chicago/20-N-State-St-60602/unit-1008/home/12680343
They bought 5 units for $907k (or, that’s the transfer tax they paid). Borrowed $1,909,250 against the 5 units.
Was the loan pre -08?
Which bank? I want to get a loan, lol
Putting 2 chairs in front of a window and adding a glass wall doesn’t quite meet my expectations for a sunroom.
“Putting 2 chairs in front of a window and adding a glass wall doesn’t quite meet my expectations for a sunroom.”
That it has a sliding door to the LR, and then a glass wall to the BR doesn’t really meet my expectations for *anything*.
If you built in a loft (see linked 1008 for an idea of the ceiling space available) in the area of the existing “primary” BR, and opened the sunroom interior wall to the public space, it sort of makes a tiny bit of sense.
What they have there, though, is a pretty awful layout. Should have had a loft, kitchen under the loft next to the sunroom, and a the whole corner wide open as living area. Could have been decent.
“Putting 2 chairs in front of a window and adding a glass wall doesn’t quite meet my expectations for a sunroom.”
I think there is no actual window there. It’s open to the outside. But I wouldn’t call this a “sunroom” either. Lol.
“I think there is no actual window there. It’s open to the outside.”
Look at pic 8–there’s defintiely no glass.
go to streetview and look at the northside of the building–no glass in the second opening west of State.