Is a Private Hot Tub One of Your Must Haves? 22 N. Morgan in the West Loop
This 2-bedroom duplex loft at 22 N. Morgan in the West Loop just came on the market.
22 N. Morgan is a brick and timber loft building with 24 units and outdoor parking. It has a unique interior courtyard with landscaping.
Each loft has its own private entrance.
This duplex loft has 28-foot timber ceilings with exposed brick and beams.
The kitchen has wood 42″ cabinets, granite counter tops and stainless steel appliances.
There’s a spiral staircase that leads to the second floor which has 2-bedrooms.
But the unique feature is the third floor private 800 square foot deck which also has a hot tub.
It has central air, washer/dryer in the unit and 2-car parking is available for $15,000 extra.
This complex is right at the heart of the West Loop near supermarkets and restaurants.
This loft last sold in 2010. According to the prior listing, the bank was willing to take $365,000 so it sold for $365,000.
It has come on the market for $725,000.
The West Loop is one of the hottest neighborhoods in the city.
Will this loft get the premium?
Giancarlo Bargioni at Dream Town has the listing. See the pictures here.
Unit #204: 2 bedrooms, 2 baths, duplex, 2363 square feet
- Sold in May 2000 for $296,000
- Sold in May 2003 for $350,000
- Sold in September 2006 for $600,000
- Lis pendens foreclosure in October 2009
- Sold in May 2010 for $365,000 (including 2-car parking)
- Currently listed at $725,000 (plus $15,000 for 2-car parking)
- Assessments of $521 a month (includes exterior maintenance, scavenger, and parking)
- Taxes of $6,772
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 13×14 (second floor)
- Bedroom #2: 15×11 (second floor)
- Laundry room: 5×9 (second floor)
- Deck: 22×40 (third floor- with hot tub)
I was always dreading the day this unit would come back for sale and remind me of my costly indecision.
I loved this place when I saw it in 2010, it was by far one of the best condo/lofts I looked at and wished I had bought it but the price was a little too high and I was too risk-averse. My then-gf at the time was earning no money and itching to move in with me which also wasn’t helping me think clearly (eventually dodged that bullet). Now I’m depressed seeing it for sale at over 2x the sale price 9 years ago. Most regrettable decision of my life was not buying in this hood when prices were that low when I was actively looking. I know there are nicer places for the money but this place represents one of those super-materialistic things I wanted so bad when I was younger, when I really could’ve enjoyed the hell out of it. Ugh. 22 N Morgan. What could have been.
I recall looking at these units when they were first marketed as condos. IIRC, they were apartment conversions. Most of the lofts back then were apartments and started converting to condos around 1999. Seem expensive then, but looking back I guess they were kind of cheap. however, the West Loop was nothing like it is today. Wouldn’t have been considered greenzone if Cribchatter was around.
I like these type places as they were unique and developed before the soft-loft / bowling alley layout fads… you could get spiral staircases, mezzanines, and other odd but unique layouts that gave the units character.
It looks like that exterior wall fronting the courtyard (and maybe elsewhere) is a single wyth concrete block wall… in addition to that, you can see water infiltration all over it in the living room and in the master bedroom… I would be very concerned about this condition…
Am I the only one who thinks these finishes are looking a little long in the tooth for the current owners to try doubling their money? God bless ’em if they get it, but it seems like they haven’t really put money into this place. Also- – nice catch jack. That does look like some moisture intrusion.
Today is my day for commenting on structural engineers. I sure hope someone with some qualification to do so opined on that roof top hot tub. Water is heavy. If I lived here, I would soak in that year round (and my utility bill would be redonk).
Also just noticed the second bedroom has no windows. Not even clerestory to the rest of the unit…literally no windows. It does have two entrance/exits however.
“Most of the lofts back then were apartments and started converting to condos around 1999.”
Loftminium bought all of the lofts in Annie’s Lofts collection. They owned like 5 or 6 buildings (with one being in the South Loop on Wabash.) They were all converted with their original finishes (kitchens and bathrooms) but there was an “upgraded” kitchen available.
Hey Sonies, are you getting any snow out there in Reno?
Looks like Tahoe might be getting some. This is really, really late.
haha yes, I was in Virginia City at a chili cook off and it was snowing randomly for a few minutes here and there. Had to bust out the knit hats! Only snow in the valley was about 30 seconds of some strange ice pellets.
Enjoy this shit weather, its headed east!
And for Tahoe On average Tahoe City sees its last snow day May 8th and snow on the 19th isn’t rare at all, happens every other year on average
“strange ice pellets”
probably graupel.
“And for Tahoe On average Tahoe City sees its last snow day May 8th and snow on the 19th isn’t rare at all, happens every other year on average”
Yep. I’ve been to Tahoe maybe a dozen times. On one trip in peak snow season (Feb/March), there was barely enough for places to be open. On another in mid/late May, it dumped like crazy (post-holing up already closed Squaw and Sugar Bowl). Feast or famine in that zone.