Get a River North Penthouse Loft for $170,000 Under the 2018 Price: 154 W. Hubbard
This 3-bedroom penthouse loft at 154 W. Hubbard came on the market in September 2020.
Built in 1924, 154 W. Hubbard was converted into 18 luxury lofts by Studio Dwell in 2008.
The building has an elevator and heated garage parking.
There is no doorman or other amenities.
This penthouse loft has authentic loft features including 14 foot ceilings, exposed brick walls, timber beams and an open floor plan.
The kitchen has dark modern cabinets and an oversized island with waterfall counter top and seating for 4 along with Subzero and Wolf appliances.
The primary suite has a walk-in-closet and a spa-like bath with steam shower, heated floors and soaking tub.
The third bedroom is currently open to the rest of the space and is used as a den with a built-in bar.
The loft has the features buyers look for including central air, washer/dryer in the unit and one heated garage parking space is included.
But the big unique feature is the 1500 square foot landscaped rooftop deck with an outdoor media center and built-in bar and grill.
This building is in the heart of the River North/Near North Side neighborhoods, near restaurants, shops, the Chicago River and the Merchandise Mart, including the brown/purple line stop.
Currently listed at $1.39 million, that’s $170,000 under the 2018 sales price of $1.56 million.
Is this loft a deal?
Ryan Prevett at Jameson Sotheby’s has the listing. See the pictures here.
Unit #603: 3 bedrooms, 2 baths, 2300 square feet, penthouse loft
- Sold in July 2008 for $920,000
- Sold in December 2012 for $915,000
- Sold in October 2015 for $1.5 million
- Sold in June 2018 for $1.56 million
- Originally listed in September 2020 for $1.449 million
- Reduced
- Currently listed at $1.39 million
- Assessments of $492 a month (includes exterior maintenance, scavenger, snow removal)
- Taxes of $24,258
- Central Air
- Washer/dryer in the unit
- One heated garage parking space included
- 1500 square foot landscaped private roof top deck
- Bedroom #1: 15×14
- Bedroom #2: 10×12
- Bedroom #3: 16×12
- Living room: 29×18
- Dining room: 10×10
- Kitchen: 18×16
- Laundry room: 8×9
- Walk-in-Closet: 5×8
Is the netting in the LR to catch debris?
How are they advertising this as a 3Br? Yeah the potential is there but it has the potential to be a 4Br, 5Br… shady
This is nice but could have been excellent. The island is way too big, and they could have done better incorporating the columns Vs leaving them as an eyesore.
Is having a guitar displayed the new ring rug
Nice rooftop deck, tho I like what the neighbor did w/ building a sunroom
Losing a non trivial amount of coin after 3 years – ouch must have gotten burned from all the sizzle
The deck is amazing, no question.
I could never get past the cheap exposed duct work and oddly placed beams on the interior however. Like many lofts, this place reminds me of a partially finished basement in a suburban home. Particularly since there’s not a lot of natural light or views in this one.
River North is a disaster zone on weekends. Not where I’d invest over $1 million, hard pass.
Lol this stuff is tanking during record low interest rates, imagine a few years from now.
I’m going to modify my deck comment
Everyones condenser unit is right off this deck – 12 condensers are going to sound like a freight train in the summer
It looks like theres a dog “walk” area to pass thru to get to the deck. (Assuming that its a common stairwell and thats the reason its gated off from the deck.) And by common dog area I mean a place that they can piss and shit. Yeah for $1.5MM, I ain’t dodging my own dogs landmines nevermind other peoples dogs to access my deck This puts the Deck value at $0.
Based on the above
Actually 601 closed for $1.5MM – https://www.zillow.com/homedetails/154-W-Hubbard-St-UNIT-601-Chicago-IL-60654/89934315_zpid/? and is vastly superior
The owner of this place is on crack
Do people still feel safe walking around the more desolate parts of river north in the evenings?
$1.3mil can get you a lot of nice places around the city. But right now in this location not much is as nice as this unit. If you have to be here in in River North for some reason then this is all I found thats close.
https://www.redfin.com/IL/Chicago/215-W-Huron-St-60654/unit-5/home/12813484
“Actually 601 closed for $1.5MM –”
I know you’re a high roller, JU, but $50k is real money to me, so:
Actually 601 closed for $1.45m. And got a contract in a week.
“I know you’re a high roller, JU, but $50k is real money to me, so:
Actually 601 closed for $1.45m. And got a contract in a week.’
No that much of a high roller, swapped a 4 & 9. My mistake
But it does show how out to lunch the current owner is
“the more desolate parts of river north”
Like Lower North Water?
Only with HD’s Bushmaster!
“Like Lower North Water?
Only with HD’s Bushmaster!”
———————————–
Too risky — ricochets. Also, aiming is a problem. I recommend a nice, light, area-fire weapon, such as a 20-gauge pump shotgun with #9 bird shot.
The hope, of course, is that you’d never have to use it: The sound of a pump on a shotgun being worked is unique, and everyone will know what you have. Given that everyone also knows that it is harder to sew up shot wounds, they flee.
https://www.youtube.com/watch?v=MFjF9kW9Mcc
Joe Biden has a brilliant answer for what to do with a person trying to break in your home and harm your family. #Biden
shotgun challenge
For you johnc
“Do people still feel safe walking around the more desolate parts of river north in the evenings?”
What’s “evening”? You mean at 8:30 pm?
Sure.
Entire city was creepier during the lockdowns when no one was on the street. Now that there has been the reopen and tourists are back in the hotels, there are people walking on the streets, jogging, bike riding etc. again.
does it come with the Christmas lights included?
seriously wtf
We had dinner just a block east on Hubbard tonight and this area was hopping when we left at 9:30 p.m. (on a Tuesday night). Can’t imagine how noisy it must get on weekends.
Anyone who buys here had better appreciate night life, because they’ll experience it even if they don’t want to.
12 gauge guns are too big and heavy for most women. They would be better served with a 20. Not a fan of letting off two blasts at once, either, as you are defenseless while reloading.
“Is the netting in the LR to catch debris?
it’s Christmas lights. still not a good look.
cost/location aside, I think this place is pretty cool. I’d probably paint the ducts black to match everything else.
Marco, we are the current owners. We actually painted the ducts black, the doors black, and the fireplace wall black. It looks incredible. I’m also a realtor, so if anyone needs any assistance, I’d be more than happy to help! sarnold@southwestern.com
Closed at $1.315 in Dec-21.