Looking For That Unique 2/2 Loft? Try 1910 S. Indiana In The South Loop
This 2-bedroom authentic loft in the Bank Note Place building at 1910 S. Indiana came on the market in April 2012.
For loft lovers and those looking for unique properties, this building holds a special place in their heart because many of the units, such as this one, have the terra cotta tile ceilings. That is a unique feature in this building.
It also has other authentic loft features such as exposed brick and ductwork.
However, you get some privacy, which is rare in a loft, as the listing says the master suite is entirely enclosed.
The kitchen has maple cabinets, granite counter tops and stainless steel appliances.
With the parking included, it is listed $21,000 under the 2003 purchase price.
Is this loft a deal?
Christina Delgreco at Coldwell Banker has the listing. See the pictures here.
Unit #423: 2 bedrooms, 2 baths, no square footage listed
- Sold in September 2003 for $311,000 (included the parking)
- Originally listed in April 2012 for $279,900
- Reduced
- Currently listed at $265,000 (plus $25,000 for parking)
- Assessments of $337 a month
- Taxes of $3865
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 18×11
- Bedroom #2: 10×9
Just because this owner likely only built up 21k of equity over the past nine years does not in any way mean that this thing is anywhere close to 290k.
Try 200k.
It sounds like a neat loft but the pictures are pretty blah. I hope the place shows better in person!
I think $265k with parking would be a good listing price with a sale somewhat lower.
This is a fantastic building. I made an offer on a short sale in this building once. Each unit is unique and the finishes used higher end hardware. The building has an completely enclosed courtyard, which is really nice. The unit I looked at had a large patio.
However, I think this place is priced too high. The neighborhood is nice, but it’s getting too far south. The building is great, but I’m not sure if it warrants the $100k premium over other units in the general vicinity.
its crazy bland w/ nowhere to put a dining room table.
also besides the ceiling what else is unique about this unit?
for that price i would choose this first
http://www.redfin.com/IL/Chicago/1620-S-Michigan-Ave-60616/unit-301/home/18920765
This looks like one of the newer units. Banknote has two wings. The wing (to the left of the picture and barely visible) is where the real lofts with unique layouts are in the development. This unit looks like it is in the newer wing wihch was built a year or two later and more like soft lofts. I looked at the first phase of this when it was built and the units were very unique and fairly high end for the time. however, they were cramped ircc.
I had no idea half was new construction. I looked in the older part of the building. That being said, it sounds like this unit is very overpriced.
This reminds me WAY too much of my cheap rental unit I had at Cobbler Square a few years ago, that had MAJOR noise issues (between units).
My prediction: someone makes the absurd prediction that this will sell for 200k (even tho it will sell for much better, why? i dunno, it’s terrible. it’s south loop. government should actually pay YOU to live there. in fact, half the people in the south loop probably are getting paid by the gov’t. don’t even get me started).
someone else will say how great the exposed heating ducts are and this is a person who has never spent substantial time living in a loft b/c that person would then know how bad of a living situation it is (poor temp control, poor use of space, listening to other people’s noise, etc.). fortunately for the seller there are a lot of these people out there, so I think it will sell relatively close to the ask, but it’s a game of the greater fool.
you can get a decent house in Morton Grove for about 270k.
How much did you pay at Cobbler Square?
Pro’s of the place?
Con’s of the place?
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“This reminds me WAY too much of my cheap rental unit I had at Cobbler Square a few years ago, that had MAJOR noise issues (between units).”
Yea….. but you’re on Morton Grove.
Lesko – call us back after YOU have actually lived in a well designed loft. Then, and only then, your opinion on living in a loft will actually be relevant. Until then you are as uninformed as usual.
Nice comparison on Morton Grove though I’m not sure that many people would frequently compare the two hoods on a search.
“This reminds me WAY too much of my cheap rental unit I had at Cobbler Square a few years ago, that had MAJOR noise issues (between units).”
Cobbler Square has timber ceilings with no insulation- right?
I lived in a loft building that had that. You could see people walking above you when their lights were turned on. You could hear EVERYTHING. That’s why concrete is the preferred ceiling for lofts. But this is terra cotta tile. Wouldn’t that be similar to concrete in terms of noise reduction?
I don’t know what Cobbler Sq. has…I haven’t been in a unit in a LONG LONG time and frankly don’t remember. I still was in the building quite a bit as it was Old Town and they took Fed Ex packages or was it UPS…
Big Building. Nice location. Garage rental if you want it.
looking at this though
http://www.apartmentratings.com/rate/IL-Chicago-Cobbler-Square-Apartments.html
yeah some of the comments are sketchy either way, but WOW really does seem to have noise issues.
@ Sabrina,
You’re a loft lover. What do you think is the percentage breakdown of lofts that are timber vs. concrete?
Most of my loft experience is in the Printer’s Row area and I don’t recall sound issues – it has been a while though…
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“That’s why concrete is the preferred ceiling for lofts.”
FYI its not that simple! Our “timber loft” has concrete poured on some of the floors including the one above my unit. This dampens vibration and noise dramatically. A few floors in our building chose not to pour a layer. The people that live and work below those floor complain about the noise transfer.
Also neighbor walls are much tougher to insulate for noise and vibrations. Unless properly and very carefully insulated and caulked there will be much noise transfer between units. This issue is not limited to being just a loft issue.
“You’re a loft lover. What do you think is the percentage breakdown of lofts that are timber vs. concrete?”
I don’t know. It’s probably about 50/50. It all depends on the neighborhood. Heck, some buildings even have half with timber and half with concrete.
It’s true that not ALL timber lofts have sound issues. Later in the loft boom, developers started adding insulation to try and deal with the sound problems. But the original loft conversions from the 1990s didn’t do that. That was the building I lived in where you could see between the planks into the unit above you. I’ve also lived in a concrete loft which had 12 inch floors in between units. I didn’t hear a thing. It was amazing.
While I like the look of timber- I would only live in a loft with concrete ceilings. But that’s just me.
Where are the lofty areas in the city?
Printers Row
River North original carpet art furniture area
where else?
“While I like the look of timber- I would only live in a loft with concrete ceilings. But that’s just me”
nothing stopping you from buying a concrete loft and installing a Faux timber ceiling. yes you will probably loose 7-13 inches of ceiling height. but its a loft your ceilings are too high anyways.
question about sound travel from the sides. is the brick really a good enough insulator so sound on the sides?
Where are the lofty areas in the city?
There are many concrete and timber lofts in the West Loop.
“question about sound travel from the sides. is the brick really a good enough insulator so sound on the sides?”
It all depends but typically it is a great insulator for both sound and temperature. Many of the brick walls in these buildings are three to four feet thick. Those are really good at sound and heat/cold transfer. In the coldest days of winter I can put my hand on our outside walls on the north south or west side of our units and they feel nice and warm. In the summer our west facing walls are never hot.
As for sound a brick wall is incredibly effective as long as there are sealed penetrations. Sometimes there is a need to puncture the brick wall between units for HVAC, electric, or gas lines. Like any other penetration in a wall how the developer and subs seal that area will dramatically effect the sound infiltration.
thanks JP3,
always wonder how many layers of brick are between the units.
Groove,
Unfortunately there are not that many brick walls between units. Usually the spaces are large open rooms with beams or columns spaced accordingly for open span rooms. When converted into a number of units they are likely separated by just drywall like most condos.
BTW as I was driving around today I recalled living in Bucktown in a condo built during the boom and the noise travel between floors in that unit were way worse than in my timber loft!
“BTW as I was driving around today I recalled living in Bucktown in a condo built during the boom and the noise travel between floors in that unit were way worse than in my timber loft!”
when i rented i always lived in vintage places with plaster walls and about 10 layers of paint. it also was the Carpet era, so there was no sound travel at all.
always wondered about sound travel in the boom (cheap constuction) buildings. when you visit people you cant get a feel for it as your are the unit making all the noise.