Get a 2/1 Loft with Parking for Under $330,000 in the West Loop: 1500 W. Monroe
This 2-bedroom loft in Park 1500 Lofts at 1500 W. Monroe in the West Loop came on the market in August 2021.
Park 1500 Lofts was converted into 175 loft condos in 2002.
It has an attached garage and door staff.
This loft has 14 foot timber ceilings and large industrial windows.
It has mahogany hardwood floors in the living/dining room and kitchen with carpet in the bedrooms.
The loft has a “chef’s kitchen” with white Shaker cabinets, stainless steel appliances, tiled backsplash and a large island.
The loft has a cocktail station and fireplace.
The listing says both bedrooms can fit kingsized beds.
The smaller bedroom doesn’t have a door, nor full ceilings, but it does have a window.
The primary bedroom also has a window, which is not always guaranteed in an industrial loft, and a wood bedroom wall.
The bathroom has new light fixtures, mirror and quartz counter tops on the vanity.
The loft has the features buyers look for including central air, washer/dryer in the unit and garage parking is included.
It also has a balcony.
This loft was originally listed in August 2021 for $355,000 and has been reduced to $329,000. The listing also says the seller is offering a $2K credit.
With many working from home full-time, will buyers be seeking out the 2/1 floor plans versus the 1/1s so they have space for an office?
Will 2/1 units be back in vogue?
Ebonie Andrews at Redfin has the listing. See the pictures and 3D walkthrough here.
Unit #207: 2 bedrooms, 1 baths, 1070 square feet, loft
- Sold in May 2002 for $178,000
- Originally listed in August 2021 for $355,000
- Reduced
- Currently listed at $329,000 (includes garage parking)
- Assessments of $375 a month (includes doorman, snow removal, exterior maintenance, lawn care)
- Taxes of $5125
- Central Air
- Washer/dryer in the unit
- Seller providing $2K credit
- Fireplace
- Bedroom #1: 14×17
- Bedroom #2: 10×10
- Living/dining combo: 19×22
- Kitchen: 8×17
- Laundry: 12×3
- Balcony
Ugh, all those acute and obtuse angles. Terrible! And the balcony is pretty grim, too.
You lose the bedroom windows on this one in the same building, but the trade-off might be worth it:
https://www.redfin.com/IL/Chicago/1500-W-Monroe-St-60607/unit-504/home/12646140
The fireplace is an abomination
This really would benefit from staging
“This really would benefit from staging”
Are you sure? I’d be concerned that it would emphasize the challenging spaces, unless you used smallish furniture everywhere.
“Are you sure? I’d be concerned that it would emphasize the challenging spaces, unless you used smallish furniture everywhere”
I’m not Sabrina sure but I believe it would
Your point about all the angles makes this somewhat difficult for many/most buyers to figure out how it would work. the stupid chair and fireplace should go.
And yes Ikea would be appropriate for this space
I guess this might work for someone who doesn’t watch TV and is rarely home.
“You lose the bedroom windows on this one in the same building, but the trade-off might be worth it:”
Why would you want to “lose” bedroom windows? Ever?
“Why would you want to “lose” bedroom windows? Ever?”
To get rid of the horrible angles in every room.
Of course, you are making an argument for how stupid it was to lay out units with no bedroom windows in buildings like this one–one that full of stupid units with weird angles and stupid units with no bedrooms with windows.
“Of course, you are making an argument for how stupid it was to lay out units with no bedroom windows in buildings like this one–one that full of stupid units with weird angles and stupid units with no bedrooms with windows.”
Loft buildings are incredibly difficult to develop because they are so deep. No one was expected to “live” in an industrial building. There is no way to get light into the interior.
Some of the earlier conversions just put huge hallways in the center of the building. Or windowless storage “rooms.” But these buildings are simply too deep.
Not a fan of 14-foot ceilings, but maybe that’s why I’m not a loft fan to begin with.
“Loft buildings are incredibly difficult to develop because they are so deep. No one was expected to “live” in an industrial building. There is no way to get light into the interior.”
Generally true, though a lot of so-called “loft” residences were either built as residential or, when an industrial building was converted to residential, they chopped them up into way too many units per floor. The handful of lofts in NYC I’ve been in were full or at least half floor, and the light in the interior wasn’t always that bad. If you’re working with a 4,000 ft space, there’s plenty of room to have bedrooms on the interior with 3 – 5 foot “windows” along the top of the wall (which lets in ample light and is private, but doesn’t help with fresh air, but hey that’s city livin) and offices/tv rooms with glass walls enclosing them. This building has 175 units, and it shows.
“This building has 175 units, and it shows.”
It’s actually 3 buildings, one 6 floors, the second partly 6, partly 8, with a connector on floors 2-6, and the 3d all 8 stories. The 1st and 3d buildings are (mainly) 80′ wide, which is similar to most newer high rises, so it shouldn’t have been a huge problem.
The second building, on the first 6 floors, is about 125′ square (7 & 8 are about 75′), which *is* a challenge unless you have rather large units.
about 1/4 to 1/3 fewer units.
There are 1+dens in the 6 S Laflin building, this one asking less than the *2004* price:
https://www.redfin.com/IL/Chicago/6-S-Laflin-St-60607/unit-705S/home/12588647
“about 1/4 to 1/3 fewer units.”
Would have been easier to have better layouts with…
Also: do we remember Monroe/Ashland/Ogden in 2002? It was *not* fancy–hence the smaller, pretty basic, units. If they converted this building in the last 5 years, it would have turned out very different on unit mix and sizes.
“Also: do we remember Monroe/Ashland/Ogden in 2002? It was *not* fancy–hence the smaller, pretty basic, units. If they converted this building in the last 5 years, it would have turned out very different on unit mix and sizes.”
Good point anon(tfo). This area was not “luxury” or anything it has become 20 years later. Many different decisions would have been made. This would be converted into million-dollar units today.