How Hot are the New Construction West Loop 3-Bedrooms? 1109 W. Washington
This 3-bedroom in The Hayden at 1109 W. Washington in the West Loop came on the market in June 2020.
The Hayden was constructed in 2019 and has 28 units and a parking garage. It has 38 foot wide floor plans and a doorman.
It has, apparently, supplanted the nearby Illume as the hottest building in the West Loop.
The building originally sold out from the developer, including the $4 million+ units, which set a new price point for the neighborhood.
This listing says this is the first resale of the popular “A” floor plan which is 3 bedrooms and 3.5 baths.
It has 10 foot finished ceilings along with a massive open concept living/dining and kitchen area.
The kitchen has custom cabinets, Subzero and Wolf appliances and slab quartzite counter tops.
There are 7″ wide plank floors throughout.
The unit has a 275 square foot private terrace.
The listing says it has Lutron shades and Crestron Home Automation.
It has the features buyers look for including central air, two car parking and its own dedicated laundry room.
The listing says this unit has never been lived in.
It has come on the market at $2.499 million, which is $584,000 above the July 2019 purchase price of $1.915 million.
Will it get the premium in the COVID-19 market?
Mark Icuss at Compass has the listing. See the pictures here.
Unit #4A: 3 bedrooms, 3.5 baths, no square footage listed
- Sold “new” in July 2019 for $1.915 million (according to Redfin)
- Originally listed in June 2020 for $2.499 million
- Currently still listed for $2.499 million (includes 2-car parking)
- Assessments of $1362 a month (includes doorman)
- Taxes are “new”
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 13×16
- Bedroom #2: 12×11
- Bedroom #3: 14×10
- Living/dining/kitchen combo: 26×37
- Den: 14×9
- Pantry: 8×12
- Laundry room: 10×8
- Walk-in-closet: 13×11
- Terrace: 28×9
Hard to get a feel for the layout, despite the 28(!) photos, including 4 of the master bath tub alone….
$2.5MM seems very aggressive.
Staging & a floor plan would help immensely, especially if your looking for a +30% return in a year
Will be interesting to see if West Loop can maintain its premium now that most of the tech jobs offer remote work. Restaurant proximity will always draw people to the area. The restaurants will have to survive the next year in order to maintain that appeal.
Aside from the windows and balcony doors, the exterior shares the same quality perception of a loft building with units 1/4 the price.
If you’re set on a condo why would you be searching in this price range without penthouse in the filter? So many cool penthouses with character and private roof decks at this price point.
Kitchens running on a trend that’s about 5 years old now. Reminds me of a fast casual burger joint, all it needs is some more wood accents and a menu.
“When I become a multi-millionaire, I want to live in a converted factory, split into several units, with views of other old factories”
I feel like I need a nap after reviewing that listing, pretty boring. Not usually the case with a 2.5M ask property.
“When I become a multi-millionaire, I want to live in a converted factory”
Well, then this is NOT the building for you.
They removed the two existing building on the site (was also a surface lot), and built new from bare dirt.
Nice looking unit and large. I like the fixtures and interior wall selections. Still, for me, this is a lot to pay to stare at brick walls out of all my windows. Or into other buildings’ windows. Not everyone cares so much about this, however.
Location is great. You could easily walk to work in the Loop from here, and the neighborhood just keeps getting better. However, I’m sure I could find a unit in the area with more open views and sunlight for this kind of money, so I’m guessing price will go down.
28(!) photos, including 4 of the master bath tub alone
The 4 tub pictures are to convey how many windows/balconies in the neighboring buildings have a view directly into this bathroom.
“They removed the two existing building on the site (was also a surface lot), and built new from bare dirt.”
Wow, so this institutional-looking building devoid of any character or hominess was always intended to be used for high-end real estate? Could have fooled me.
“I feel like I need a nap after reviewing that listing, pretty boring. Not usually the case with a 2.5M ask property.”
Perhaps they need to stage it.
“If you’re set on a condo why would you be searching in this price range without penthouse in the filter? So many cool penthouses with character and private roof decks at this price point.”
How many doorman luxury buildings are there in the West Loop?
1000 W. Washington has a doorman which is why a lot of tv actors bought there. It was the only building before the Illume and now the Hayden.
I only know of 3.
Looks like you clear many of the neighboring buildings (obv not north across Washington) on the 5th floor:
https://www.redfin.com/IL/Chicago/1109-W-Washington-Blvd-60607/unit-5D/home/145745157
That said, same developer is looking to build 15 floors at 19 N May, so the SW views (which is what it looks to be from the D tier) will likely be compromised.
I see nothing here that merits this being the “hottest building”. Location is B, views are B-, unit itself is B-. There is hardly a green patch around, way to much concrete. Is this really a “panty-dropping unit”? If everyone is working remote and using the internet, who says you need to live in the “hot” West Loop to get laid? I guess this area is a micro-location for getting supermodel-wannabes to screw because they won’t go to LakeView or West Town.
“I see nothing here that merits this being the “hottest building”. Location is B, views are B-, unit itself is B-. There is hardly a green patch around, way to much concrete. Is this really a “panty-dropping unit”? If everyone is working remote and using the internet, who says you need to live in the “hot” West Loop to get laid? I guess this area is a micro-location for getting supermodel-wannabes to screw because they won’t go to LakeView or West Town.”
Location is personal preference, but I agree on the other ratings
I think you have a chance to impress Jan Terri w/ a case of Old Style in the fridge
Nice Sabrina – appreciate you moderating my post..
“Nice Sabrina – appreciate you moderating my post..”
I’m not moderating anything. It went into the “approval” folder. Did you sign in from a different IP address?
“I guess this area is a micro-location for getting supermodel-wannabes to screw because they won’t go to LakeView or West Town.”
CEOs and professional athletes want to be close to work too.
$2,500,000? Plus $1362/mo for HOA? lulz.
Hipster chic went our at least 3-4 years ago.
This place is the $17 mason jar cocktail of condo units.
“Nice Sabrina – appreciate you moderating my post..”
Nah, she moderated my post…
Apparently, it’s OK for helmethofer to spew anti-semitic, racist, and homophobic rhetoric here, but to call him out for what he is apparently is not acceptable…
I’m not moderating anything. It went into the “approval” folder. Did you sign in from a different IP address?
I had a post go into the approval folder last week. About a year ago (possibly longer), a LOT of posts were going for approvals. I switched the email address I used and the problem resolved for me, but I know there were a couple of regular posters who left (or stopped posting) because their posts weren’t displaying without approvals.
“I’m not moderating anything. It went into the “approval” folder. Did you sign in from a different IP address?”
No
Not my site but it doesn’t make a lot of sense to need to add your email addy on every post if you’re trying to manage my IP address
JU:
You have two different display names now, which may be the thing. Yes, we can all see that they are the same person, but the autofilter isn’t that sophisticated.
10 years from now this will sell like the huge unit in Gold Coast at 1.3 million based on sq footage in good neighborhood. This building won’t be anything special in a decade. The neighborhood will not be hot and the quality of the fixtures will fade.
All of my posts require approval. Same thing happened to Jenny. That’s why she stopped posting.
“All of my posts require approval. Same thing happened to Jenny. That’s why she stopped posting.”
I don’t know why it is doing this. I approve it which means it shouldn’t go back into the “approval” folder.
It could be this site is just too old now and things don’t update. But every time I try to get a new site, all of you hate it and want the old one back.
I may have to update again anyway.
“This building won’t be anything special in a decade. The neighborhood will not be hot and the quality of the fixtures will fade.”
No one knows, do they?
What’s hot at one moment in time may not be 10 or 20 years later.
The city just approved another nearby building by the same developer. Can be up to 15 stories. Will also be luxury units. Will have 58 units. They’re opening up a sales center shortly.
So developers are still betting that this neighborhood remains hot, at least over the next 2 to 3 years.
“Apparently, it’s OK for helmethofer to spew anti-semitic, racist, and homophobic rhetoric here, but to call him out for what he is apparently is not acceptable…”
I delete both things. What you were commenting on wasn’t one of his normal diatribes but you just decided to go there.
I’m tired of the ugliness. Don’t go to his level or I will delete it.
And I’ll delete his nonsense as well.
He did “go there” though… his sexist comment about this being a “panty-dropping unit” and “this area is a micro-location for getting supermodel-wannabes to screw”… relate directly to his women phobias and his self-loathing nature…