Extremely Rare 2-Bedroom River North Penthouse Loft for $1.389 Million: 420 W. Grand
This 2-bedroom loft penthouse at 420 W. Grand in River North came on the market in March 2024.
Built in 1910, 420 W. Grand is an industrial loft building with 44 units and attached garage parking.
It doesn’t have any amenities other than a common patio.
This loft is an authentic loft with exposed brick walls, a timber ceiling, exposed duct work and large industrial windows, including some arched windows.
It has an open concept living room, dining room and kitchen with a fireplace.
There is a “new” designer kitchen with custom gray and wood Italian cabinets, quartzite counter tops and backsplash, a Subzero refrigerator, a wine fridge, a beverage fridge, Wolf stove and warming drawer, a Bosch dishwasher and Hansgrohe kitchen faucet with a island that seats 3.
Both bedrooms are fully enclosed but have interior windows to the main living space.
The primary suite has a window. It has a walk-in-closet and an en suite bathroom with heated floors, flamed granite counter tops, dual vanity, Brizzo fixtures, a glass shower and custom cabinets.
The second bedroom has no window and is also en suite.
The unit has features buyers look for including central air, washer/dryer in the unit and one deeded garage parking space is included.
This loft also has a balcony off the living room with city views.
The listing also says the unit has “full roof rights” if you want to build out a rooftop deck.
This building is near the shops and restaurants of west River North as well as the riverwalk and Ward Park.
Listed at $1.389 million, does this penthouse check a lot of boxes for loft lovers?
Linda Levin at Jameson Sotheby’s has the listing. See the pictures and floor plan here.
Unit #5D: 2 bedrooms, 2 baths, 2500 square feet, loft
- Sold in June 1995 for $438,500
- Sold in November 2017 for $1.29 million
- Currently listed at $1.389 million
- Assessments of $1554 a month (includes exterior maintenance, scavenger, snow removal)
- Taxes of $23,138
- Central Air
- Washer/dryer in the unit
- One car deeded garage parking included
- Fireplace
- Bedroom #1: 19×15
- Bedroom #2: 17×12
- Living room: 33×28
- Kitchen: 27×16
- Dining room: 13×13
- Foyer: 10×8
- Balcony: 14×6
Imagine buying a 1 bed with den and 2 bed penthouse in Miami, Denver, Dallas, Nashville, etc in 2017 and how much it could sell for 7 years later. In Chicago, you get to hope that you make 100k not factoring in the kitchen renovation and realtor fees. So you somehow lost money in one of the largest real estate run ups in history. How sad.
There was also a May-05 sale for $1,050,000.
The current owner (apparently) first listed it 9 months after purchase.
And it was definitely listed in Dec-19 for $1,279,000.
Cool place, cool furnishings, but that TV placement should be referred to The Hague.
I look at this floor plan and think “Man, you just don’t get much for your money” – – so yes, sad profit margin in relation to the run up in real estate but in reality they overpaid. Bad decisions are bad decisions Roof deck rights…LOL….No one has ever done it and no one will once they learn that they void roof warranty and all subsequent leaks are on them. The only way the deck ever gets built is when the association does a full roof replacement and the same contractor builds the deck, thus not voiding the roof warranty.
Wondering how loud the noise transfer between units is….also, WTH are folks thinking paying this much for a place if there is even a remote chance you will want to sell within 10 years? Why not rent a swank place and keep your liquidity?
contingent. nice place.
“Wondering how loud the noise transfer between units is”
at least it’s the top floor. having lived in a timber loft before, I’ll never do it again mainly because of the sound transmission from the floor above.
“And it was definitely listed in Dec-19 for $1,279,000.”
I saw the 2019-2020 listing but I don’t include listings without a sale that are that old. It’s now over 4 years ago. Ack.
“So you somehow lost money in one of the largest real estate run ups in history. How sad.”
Downtown Chicago has been tough the last 20 years. Big bubble, then a bust, and then other parts of the city got hot but some did not. River North was hammered in the pandemic. It’s only just starting to come back now and that’s good to see.
Inventory has declined significantly even in River North, Streeterville and the Gold Coast. Still too many new construction luxury towers with inventory though. But harder to find inventory in some towers now. Buyers are literally just waiting for something to list. This will put pressure on prices.
Glad to see this is under contract already. It’s been a lot of years since River North real estate has sold quickly after listing.
Also, Chicago hasn’t seen the “largest real estate run ups in history.” That’s the point. Chicago didn’t have a bubble during the pandemic. Biggest run up in history, in Chicago, was in 2002-2008.
It’s been a wild ride. But Chicago’s market is looking really healthy and is one of the few where inventory actually isn’t rising. It’s a good time to be a seller.