Is the Clybourn Corridor a Million Dollar Neighborhood? A Loft at 1872 N. Clybourn
This 3-bedroom loft in the The Clybourn Lofts at 1872 N. Clybourn in Lincoln Park just came on the market.
The Clybourn Lofts is a 1980s loft conversion of an industrial building with 57 units and outdoor parking.
This is a corner penthouse with 15 foot exposed brick walls and timber ceilings.
The loft has south, east and west exposures including those of downtown.
It has 2 skylights, including one in the master bedroom.
The kitchen has custom white cabinets, stainless steel appliances and a marble island.
The master bedroom has a spa-like bathroom with heated floors and dual vanities.
It also has a window and appears to be enclosed.
According to the listing, the other two bedrooms actually are fully enclosed and have white timber ceilings.
The top floor has a den and a private 850 square foot deck with views of downtown.
The loft has central air, washer/dryer in the unit and what looks like one outdoor parking space.
The kitchen and bathrooms appear to be the same as those in the prior 2015 sale.
As recently as 2006, this loft sold for $487,500.
But there has been a lot of new construction in the Clybourn Corridor over the last 13 years with residential units challenging all of the commercial/retail space.
With this loft currently listed at $1.2 million, is the Clybourn Corridor now a million dollar residential neighborhood?
Benjamin Turbow at Keller-Williams ChicagoLakeview has the listing. See the pictures here.
Or see it at the Open House on Saturday, Apr 13 from 1-4 PM.
Unit #602: 3 bedrooms, 2.5 baths, no square footage, triplex
- Sold in October 1986 for $190,000
- Sold in June 1989 for $350,000
- Sold in July 2006 for $487,500
- Sold in June 2011 (no price listed in the ccrd)
- Sold in June 2015 for $924,000
- Currently listed at $1.2 million
- Assessments of $631 a month (includes heat, a/c, cable, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $7443
- Central Air
- Washer/dryer in the unit
- Outdoor parking included
- Bedroom #1: 15×12 (main level)
- Bedroom #2: 13×12 (main level)
- Bedroom #3: 15×13 (second level)
- Laundry room: 6×6 (second level)
- Den: 14×9 (third level)
- Deck: 27×50 (third level)
Nice place, but not 1.2 million nice. You’d be hard pressed to find another property with that kind of ratio of the current ask to the 2006 price. (Understanding this place is nicely done now and who knows what it looked like in 2006).
This is really nice, but I’m inclined to say no… However, more and more of the city seems to be at least in spitting distance of “million dollar neighborhood” territory now, so I’ll probably be proven wrong.
Also, pic 21 reminded me of this twitter thread:
https://threadreaderapp.com/thread/1089699762331217920.html?fbclid=IwAR3duOJ_FynvnH_b-VNRXg2JQleAWrDXOqr7xCcY4a-sh2utPwjLe_OLy9M
haha just look at street view… and anyone that has spent any time on this part of clybourn… yeah… no, the area is a total mess, although this place is a lot closer to the armitage brown line stop than I originally thought, I think they may get a buyer close to this depending on the actual size of the unit
“a lot closer to the armitage brown line stop”
1/3 of a mile! And mostly on a decently nice side street to walk along.
Almost no one can complain about that, but I’m sure someone will now.
At 1.2 million I’d expect a little bit higher end appliances in the kitchen and the finishes don’t scream 1.2 million either. Its a nice place overall though…
Kitchen finishes and appliances are a bit mediocre for < $1M price point.
But the top floor, big terrace, and enclosed bedroom spaces are special features in a loft.
I think that this weeks theme must be to make me miss my loft days.
This is a nice place but totally over priced…by a lot…but I bet someone from out of town will buy it. I see a lot of nice but overpriced places get purchased by people who have a different market’s perspective on what is / isn’t a good deal.
Be sure to bring in any cushions or small items in off the roof every night or they will fly away so I hope it has ample storage for that. I actually wonder about this – – I have a roof deck and I bought Loll Adirondack chairs / tables for it. They are super comfy despite the hard surface and he best part is I hose them off, They get REALLY dirty. I think there is just a lot of dirt in the air in an urban setting. I wonder if folks who leave cushioned furniture out for weeks at a time understand how gross that stuff is.
Once construction starts at Lincoln yards (a few years away though that may be), truck traffic near hear might really stink.
@Madeline: Hilarious.
Peloton spoof was extremely funny, thx.
The skylight in the bedroom is so odd. Not only do you get the sun whether you want it or not, but the skylight is right on the roof deck. I don’t see this as a million, more in the upper 8’s.