Loft Living with a Rooftop Deck in the West Loop for $975,000: 22 N. Morgan
This 2-bedroom loft in 22 N. Morgan in the West Loop came on the market in September 2020.
22 N. Morgan has somewhere between 22 and 26 lofts (as each of my posts has a different number. Lol) and outdoor parking with a central courtyard.
Although this listing says it has 1 garage parking space included so there may be some garage parking as well.
This is a second floor authentic loft with timber ceilings, exposed brick walls and exposed ductwork.
It has big industrial windows with east, west and south exposures.
The listing says it has designer lighting and ceiling fans.
It also says there is an “upgraded” kitchen with dark cabinets, an oversized island that seats 5, Subzero and Wolf appliances, and a wine cooler.
The loft has 2 wood burning fireplaces.
Both bedrooms have windows and full walls, which is rare for lofts.
If you’re looking for outdoor space, this loft has a large 30×31 private rooftop deck with several seating areas.
The loft has central air, washer/dryer in the unit and 1 garage parking space.
If you recall, we chattered about another large loft in this building in June 2020 with a similar rooftop deck which even had a hot tub.
It was listed at that time for $715,000.
I can’t find any sales price and it isn’t currently listed but you can read our chatter here.
Listed at $975,000, does the pandemic work-from-home phenomena change everything for the West Loop?
Owen Duffy at Fulton Grace Realty has the listing. See the pictures here (no floor plan).
Unit #212: 2 bedrooms, 2 baths, loft, 2400 square feet
- Sold in May 2000 for $401,000 (no parking listed)
- Sold in October 2007 for $555,000 (two parking spaces listed)
- Sold in July 2009 for $575,000 (one parking space listed)
- Currently listed for $975,000 (one car garage parking included)
- Assessments of $834 a month (includes parking, exterior maintenances, scavenger)
- Taxes of $15,658
- Central Air
- Washer/dryer in the unit
- 2 wood burning fireplaces
- Bedroom #1: 12×14
- Bedroom #2: 17×14
- Living/dining: 20×23
- Family room: 14×20
- Kitchen: 10×13
- Sitting Room: 14×20
- Pantry: 3×10
- Storage: 15×6 (second floor)
- Deck: 30×31 (second floor)
Looks like #202 may have rented. They were asking $4400/Mo.
There’s about a 0% chance I would buy a place with a roof top deck with multiple RTU/Dx/Exhausts visible without seeing them running full bore.
This is better than 202, but not $250k better
Is that a $100k pergola?
Are those hollow core bifold closet doors in a million dollar property?
“Is that a $100k pergola?”
Ha, that’s one terribly designed pergola. I’m surprised it hasn’t blown over already. Is it meant for a sun shade to be put up or just a place for some hanging lights?
“no floor plan”
Floorplan in the virtual tour link.
No idea how they claim 2214 sf for the main floor, as measurements indicate it is 50′ x something-less-than-40′–so, less than 2000 (imo, ~1850). And claiming the roof hut is 99 sf is beyond absurd bt the stairs and the slanted roof.
That said–kitchen is nice, baths are fine, overall space (with the two living areas) is good. Will be a bummer if/when something is built on the lot to the south.
As you enter the building off Morgan Street, you’re led through a beautiful landscaped courtyard that doesn’t feel like you’re still in the best neighborhood in the city.
Um, I get what they are going for here, but this makes it sound like you’re in a bad neighborhood once you enter the courtyard. Like, it’s riddled with used needles and spent shell casings or something. What they should have said is something like: Enter through a courtyard that creates a quiet oasis steps away from the bustle of the city’s most vibrant neighborhood. (Also, I kind of hate the courtyard)
I like this place. I think the multiple living/dining areas probably make it feel a bit larger than it actually is. Seems a tad overpriced based on finishes/design choices, though.
It’s not what one would expect for $975,000. The inventory of listings in the $850,000 – $1,100,000 range is very high in Chicago. I see this becoming a stale listing with numerous price cuts before selling.
If I were going to buy a loft, this has the right look. But the price seems pretty high despite the unique attributes of the unit. Especially with so many fleeing the city. And do the bedroom walls go all the way to the ceiling? I wouldn’t want to have that kind of arrangement.
I mean I would want bedroom walls all the way up to the ceiling – last line might have been confusing in my previous poat.
“Especially with so many fleeing the city.”
Who’s “fleeing” the city?
It appears some apartment renters are leaving, possibly to move back home if they’re out of work. Some may be buying as well. But we don’t know if they’re buying in the city or suburbs, do we?
Are condo owners “fleeing”? Are single family home owners “fleeing”?
If they were fleeing, we’d see inventory rising in the neighborhoods they’re fleeing from. But so far, outside of the luxury condo inventory downtown, much of which is new construction, there is little excess inventory.
So this whole “story” that everyone is “fleeing” the city, as they are NY and SF, just isn’t the case in Chicago or other major cities.
The neighborhoods are super hot right now. Buyers are definitely looking.
Sabrina “Who’s “fleeing” the city?”
Except for the first-time home buyers getting into the market, condo inventory above $700,000 is rising every day. A lot of people want to leave but they can’t sell since demand remains very low. At the moment, there are almost no relo buyers relocating to Chicago during COVID, since companies are not paying to move people that can work from home. In addition, outside of the U.S., international buyers are scared of Chicago. They hear about the police violence and believe Chicago is a war zone. I hear this frequently from Europeans.
Yup – – anything priced high enough that you really ought to be earning six figures to afford is languishing on the market. Low end of the market is pretty hot right now. If the “fleeing” narrative continues and people buy into it, places will linger even longer but at the end of the day there will be some good buying opportunities. May take a year or two thought.
“Yup – – anything priced high enough that you really ought to be earning six figures to afford is languishing on the market.”
Disagree. Look at what’s under contract in Lincoln Park and report back.
“Except for the first-time home buyers getting into the market, condo inventory above $700,000 is rising every day.”
Ba ha ha.
JJ, “the city” is quite big.
Get out of your north side neighborhood. Attempt to buy a house on the south side where there is no inventory. But shouldn’t everyone be fleeing?
Have you tried to buy a house in Avondale in the last few months? What about Roscoe Village?
But they’re FLEEING!!!!
As for condo inventory- yes, there’s a lot of it. The developers have overbuilt on the luxury side. But if you build something somewhat “affordable” and by that I mean, under $1 million, like the Cirrus, you actually might sell quite a few of those units because people want “new” and they do, yes, still want to live downtown.
But plenty of $3 million condo units on the market now all over downtown and the north side. Buyers market, for sure.
Oh- and “international buyers” were NEVER a thing in Chicago.
There were some Chinese, actually, but they stopped buying around when Trump came into office. Otherwise, the Brits and French weren’t looking for second homes in Chicago (too bad for them, as they should with those non-stop flights.) So I really don’t think Chicago being a “war zone” is an issue. Trump called it a “war zone” that he would fix in 7 days in 2016. That was 4 years ago.
I really wish people would stick to the facts instead of the propaganda.
This loft is now under contract.
Price has been reduced to $924,900.