Looking for a Minimalist Authentic Loft? 407 N. Elizabeth in West Town
This 1-bedroom authentic loft at 407 N. Elizabeth in West Town came on the market in July 2011.
At 1399 square feet, it has 12 foot timber ceilings, exposed brick and large industrial windows.
The west facing loft has polished concrete floors and a lofted bedroom reached via a spiral staircase.
The kitchen continues the minimalist look with just the lower level cabinets and what looks like a half-sized mini-fridge (if anyone can tell any differently- please let me know.)
The kitchen also doesn’t appear, from the listing pictures, to have a dishwasher but maybe that is the angle of the pictures.
It does have other features buyers look for including washer/dryer in the unit, central air and one gated secured parking space.
This building is in a tucked away location near the railroad tracks and Ogden Avenue in West Town.
The loft is currently listed $39,500 above the 2005 price.
Will this loft command a premium over the 2005 purchase price?
Robert John Anderson at Baird & Warner has the listing. See the pictures here.
Unit #101B: 1 bedroom, 1 bath, 1399 square feet
- Sold in December 2005 for $310,500 (included the parking)
- Originally listed in July 2011 for $350,000
- Currently still listed for $350,000 (includes parking)
- Assessments of $190 a month
- Taxes of $3226
- Central Air
- Washer/Dryer in the unit
- Bedroom: 18×17
- Great room: 52×28
- Kitchen: 14×10
This is a cool & understated location, near the West Loop/River West. Bring a car, however, even the new Green Line station at Lake/Morgan is 7-8 blocks walk. Grand Ave. blue line stop isn’t that close either. Great unit & finishes, large square footage (1,400 sf), but only one bedroom. $200 psf does it? If it had another bedroom it would fetch over $300K.
I get what you are talking about. However, I don’t understand why people pay $200sft for unfinished space. But i understand the look/uniqueness….
I love love this one. Now this is what I call a loft. It is not just a pathetic condo with some ducts showing up here and there. It actually has the high ceilings and the feel of a loft.
Where’s the refrigerator?
Beautiful apartment, but at 1,400 sqft and that price point, only 1 bedroom and 1 bath is impractical. Location is also inconvenient to public transportation.
However I have not seen any bargains in this area. It’s hot.
The target market for this is someone coming out of a small, low-ceiling, standard-issue 1bd/1ba in a high-rise, who is sick of the people, elevators, garages, congestion, noise, etc. Trains notwithstanding, this place is in a quiet & private zone in the city, yet still close to everything, plus easy driving access to plenty of main arterials. Sell this to someone sick of River North and the sirens and noise, sick of seeing a hallway that looks like a hotel.
Cool, but the 5500 sq ft 2BR for $749,000 in the same building is even more awesome with your own “firemans pole”.
http://www.redfin.com/IL/Chicago/407-N-Elizabeth-St-60642/unit-104/home/21996461
Love it except spare me the price (hot or not there is alot of inventory) and spare me the spiral stairs. And if the bathroom is up the stairs–do your guests climb up there to use the loo? Or do you climb down in the middle of the night?
Actually I disagree bugs, the upstairs is hideous and down stairs is too dark. I guess too much wood work.
Looks like a nice work/live studio space for a photographer… other than that there isn’t much to it IMO.
That looks like a dishwasher below the counter, but if that’s the case, I don’t know where the fridge is.
It’s a man cave, for sure.
Cool place with a strong appeal to a very specific pool of buyers. It will sell at 309k.
The water hookup for the non existent fridge is to the left of all the cabinets, where the artwork is.
or maybe that’s gas for the non existent oven (although there is a built in stove top).
Fantastic space. I’d change the staircase slightly, and the granite in the master, but who cares. The space is amazing.
Love this space, either a second bathroom or second bathroom would be ideal, as dropping 350k for a 1/1 in this area seems like a lot. Not sure if I like the tub though, seems a little odd and out of place. Is there a shower head there or no? Or even glass protecting the bathtub?? I know it’s going for that modernist aesthetic but that seems a little impractical.
This place would appeal to a very specific buyer. I can see a perpetually single guy/gal buying this place. It won’t sell to a typical chad/trixie type looking for a starter home for a couple of years.
This would be for ‘home office’ workers, so they wouldn’t need to worry about getting downtown on CTA every day.
LMAO!
if the great room is 52×28, wouldn’t this place be 1456 sqft minimum?
and double LMAO at unit #104… so much wierd stuff in there I would love to see it in person
the location of this building sucks sandwiched between two sets of train tracks? I wonder what the hobo population here is like, maybe thats why it needs 8 outdoor parking spaces?
#104 is great.. plus it includes 8 parking spaces!!
But also, Mayor E. built bike lanes on Kinzie so one could bike to work, even in snow!
This is a lot better than I expected, but I still think that it would be a tough sell anywhere above $295k or so. It’s looking for a pretty specific buyer, and even THOSE buyers are going to want a full-size fridge and an oven. Can you even get a mortgage on a place without an oven, generally?
cool space for a specifc buyer. i think this is very close to the Waste Management facility right off Racine by the Metra tracks. I used cut over on Racine a lot to avoid Ogden and remember there being a pretty bad smell a lot of days – and trucks dropping/picking up roll off dumpster containers at all hours.
Now way this should sell for over 2005 price, unless major work was done to it.
“…remember there being a pretty bad smell a lot of days – and trucks dropping/picking up roll off dumpster containers at all hours.”
OTOH, not every square block near downtown has to be gentrified/yuppified/starbucked. This area has some neccessary industry that can’t move.
“OTOH, not every square block near downtown has to be gentrified/yuppified/starbucked. This area has some neccessary industry that can’t move.”
i’m with ya – it’s city living, and I’d take it over sleepy suburbs any night -but personally, i’d rather smell Blommer’s chocolate over WM stank.
I want the old type cabinets.
Looks like it is more of a gallery space than an actual apartment for living
A lot I like about this. If this were 2BR I would have leapt on at least taking a look.
I don’t think 350K is a disastrous price though I think 315-320K would be more realistic. There does need to be more kitchen (oven, fridge, etc.) and having just a bathtub may be a minus for some buyers.
“i’d rather smell Blommer’s chocolate”
yeah another added perk of my place, at least once a week you get the sweet smell of chocolate when you step outside or out on the balcony
I love it. And I’m well suited for it. I can’t recall ever turning my oven on.
But I’d rather wait a few years and pick it up for $200 or lower in cash.
According to this website, this unit appears to operate as a gallery:
http://www.mb-gallery.com/
After looking at the photos again it is clear that this is being used as work space. No one is actually living here now. That explains the kitchen and bath issues. 279k final offer.
Like Brad F., I love the space. This is the ultimate bachelor pad, perfect for me and my dog. But man I can’t see forking over $300K for a 1 bedroom in this market.
Blommer Chocolate’s biggest pollution is not the nice smell, but the noise. I’m pretty sure they operate 24/7 and that factory is loud. I spend time at the new park across from the Jewel and K Station apts. It’s loud. It’s a cool park however, with two trains running on both sides, swinging singles in/out of the new apt. tower, dogs, kids, and you can see the Sears Tower etc. With all the smell, noise, commotion, views, etc. it’s a super-cool urban park unlike almost any other in America.
“i’d rather smell Blommer’s chocolate”
hey its been a few/many years since i went, to the still have the factory outlet part? last time i stopped in the prices weren’t really “outlet” anymore
So Smooth Move Groove is hankering for some cheap chocolate? I guess Vosages is out huh since you can’t get free samples? Don’t worry, things will get better and the fast food business will pick up dollface. In the meantime, you can grab some M&M’s across the street at Jewel. Luigi, that is a nice park…I don’t know if I’d compare it to every park in America but it does seem to serve every demographic in the area.
Wow, now in pending status. I wonder what it will ultimately close for.