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Get a Corner 1-Bedroom Loft With a Private Deck in Wicker Park: 1259 N. Wood

This 1-bedroom loft at 1259 N. Wood in Wicker Park came on the market in March 2022.

Built in 1909, this industrial building was converted into lofts in 1997.

It has 30 lofts and garage parking.

This loft is a Southeast corner brick and timber authentic loft with two walls of windows.

It has hardwood floors throughout.

While there is no square footage listed, the listing says it’s a large 1-bedroom that could be converted to a 2 bedroom.

It has 2 full baths.

The bedroom has an en suite bath with floor-to-ceiling limestone and a walk-in-closet.

The second bathroom is slate, granite and brick.

The loft also has a den/office.

The kitchen has 42 inch dark wood cabinets, granite counter tops and window sills, stainless steel appliances and an island with seating.

It has two outdoor spaces including a balcony and a private deck with Trex, a built-in grill, entertainment space and a pergola.

The loft has the features buyers look for including central air, washer/dryer in the unit and garage parking is included.

This property is in the heart of Wicker Park near the shops and restaurants on both Milwaukee and Division.

Listed at $577,000, that’s $213,000 above the 2010 price of $363,500.

Will it get it in this tight market?

Rafay Qamar and Stephen Davis at Compass have the listing. See the pictures and floor plan here.

Unit #208: 1 bedroom, 2 baths, no square footage listed, loft

  • Sold in January 1998 for $165,000
  • Sold in June 2002 for $320,000
  • Sold in April 2006 for $399,500
  • Sold in February 2010 for $363,500
  • Currently listed at $577,000 (garage parking included)
  • Assessments of $394 a month (includes cable, exterior maintenance, scavenger, snow removal)
  • Taxes of $8095
  • Central Air
  • Washer/dryer in the unit
  • Fireplace
  • Bedroom: 20×13
  • Den: 7×6
  • Living room: 20×14
  • Kitchen: 13×13
  • Tandem Room: 8×7
  • Gallery: 5×6
  • Balcony: 15×4
  • Deck: 27×8

This entry was posted on Tuesday, March 8th, 2022 at 5:13 am and is filed under Lofts, Wicker Park. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

12 Responses to “Get a Corner 1-Bedroom Loft With a Private Deck in Wicker Park: 1259 N. Wood”

  1. Talk about overpriced. BTW, 1991 called and would like the black toilet and stage-bed back – is it neon lit from beneath? It could sell, but who would bite at this price? Would love to watch the follow up on these listings to see what eventually happens.

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  2. ““If this had merely kept up with inflation since 2003, it would be $775k.”

    Gosh anon(tfo), we had a housing bubble and huge bust where over 40% of the properties on the market were in foreclosure.

    What do you think that’s going to do to prices?”

    Well, if it affected price growth in a reasonably uniform matter, this place would be listed somewhere between $340k and $399k.

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  3. This place is horrific. So many questionable choices. In pic 5, newer lock is half on the metal bit. Pic 15– look at the cut granite next to the dishwasher. Pic 19– black toilet and the rain faucet looks a bit low to actually stand under. Pic 21– trip hazard bed platform.

    At least the deck is nice. Maybe you only buy it for the deck and destroy the rest.

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  4. Given the framed Cypress Hill and Caribbean Holidaze concert posters, I imagine the deck came in handy.

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  5. #308 and #402 sold within the last year for about $500,000 and are much nicer.

    https://www.redfin.com/IL/Chicago/1259-N-Wood-St-60622/unit-402/home/12815247

    https://www.redfin.com/IL/Chicago/1259-N-Wood-St-60622/unit-308/home/12570555

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  6. This place needs a full rehab… yikes

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  7. Interesting comps Lauren but the 2/2 sold in July 2020. That was a completely different real estate world than what we’re dealing with right now, in 2022. People were fleeing the city. We had the riots and protests. COVID was raging with no vaccine.

    The other comp is Mar 2021. A year ago. Market was better than 2020 but not as tight as it is right now.

    Currently, there are 11 available properties in Wicker Park priced between $400,000 and $650,000.

    Just 11.

    I’m thinking there are more than 11 buyers looking in this popular neighborhood.

    Prices are going higher. There is too much demand and not enough supply.

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  8. Pluses
    Its not grey
    Outdoor space seems nice (Is the roof top common?)

    Cons
    Everything else

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  9. “but the 2/2 sold in July 2020”

    BUT it’s a 2/2, not a 1+den/2

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  10. People laughed at me YEARS ago when I told them that instead of investing in Wicker Park real estate, you were better off buying in Crystal Lake or Cary. Well, look who’s laughing now!

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  11. Hilariously overpriced. “Hot Home” my arse.

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  12. This loft has reduced to $552,000.

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