One Year Later and Now Reduced $86K: Duplex Loft at 1019 W. Jackson in the West Loop
We first chattered about this 2-bedroom duplex loft in The Singer Lofts at 1019 W. Jackson in the West Loop exactly one year ago.
See our January 2009 chatter and pictures here.
The listing now says it is a short sale.
The loft has a wide open living/dining/kitchen space with 17 foot high ceilings. The master suite is on the second level.
The unit has central air, in-unit washer/dryer and a parking space.
Is this a deal now?
Ken Jungwirth at Prudential Rubloff still has the listing. See more pictures and the virtual tour here.
Unit #3H: 2 bedrooms, 2 baths, no square footage listed
- Sold in July 1999 for $220,000
- Originally listed in January 2009 for $385,000 (included heated parking)
- Reduced several times
- Reduced in November 2009 to $299,000 (parking included)
- Currently a “short sale”
- Currently listed for $299,000 (parking included)
- Assessments of $232 a month
- Taxes of $4624
- Central Air
- Second floor bedroom: 28×16
- Bedroom #2: 15×11
I want to like it, and I want to believe that building on top of the roof won’t present problems, and I think the price is getting there… so why are alarm bells ringing in my head?
“so why are alarm bells ringing in my head?”
cause you forgot your meds 🙂
(sorry i just had to type it no offense)
Partially correct!
But I think the correct answer partially revolves around not reading anywhere “assessments include heat” 🙂
“But I think the correct answer partially revolves around not reading anywhere “assessments include heat”
but those ass fee’s are not that bad $232 a month.
I can understand the Heat/Cooling in a loft would be $$$ but see it as you have control of the heat and heat bill.
A flat fee for heat in the ass fee just means your paying extra for your neighbor to blast the heat to 77 so in january he can walk around in his unit without a shirt in shorts with no socks.
I have visited this property with 2 potential buyers during the last 6 months. The space is very unique, but the main windows overlook an alley which is not desirable. The master suite is great, but you have to be comfortable going up and down th large spiral staircase. At $299k – it’s a deal for a unique / large loft in the west loop with low assessments.
Yeah you’re right for sure, I guess it didn’t compute that the association fee was “only” $232. I wonder what the typical gas bill is there.
Well the owner or stager has good taste in music as evidenced by the Sonny Rollins Saxophone Colossus album in picture #3. I think this would be a great space for a single guy. If he got married, still might be able to make it work. The first lil’ one that came along would bring the house of cards down because of the babykiller spiral staircase.
Barry, perhaps because you don’t like navigating 25′ spiral staircases to go to bed?
“Barry, perhaps because you don’t like navigating 25? spiral staircases to go to bed?”
I think there’s an element of that as well.
That staircase to get to my bedroom would get old fast. It does look like a decent deal, though.
It would be tough to carry the broad up to your room….
Well apparently there’s a 15×11 bedroom on the main level, so you could eschew the upper floor BR in favor of that so your drunk bachelor ass doesn’t have to stumble up that deathtrap. And then upstairs you could do… something.
staircase to bed means free workouts 🙂 better keep a comfy couch for post bar-hopping sleep.
Unfortunately I’m a bit too close to this one right now but I will say that there is a floor plan on the MLS and you can estimate the square footage from it and then look at what’s sold in the building…
You fools are worried you won’t be able to climb that staircase after you went bar hopping? Damn i love Chicago.
There’s a special assessment in that building – leaky roof. Could be the reason for the long market time.
I like the staircase — and the Sonny Rollins.
“You fools are worried you won’t be able to climb that staircase after you went bar hopping? Damn i love Chicago.”
Hey now, this is a legit safety concern. Don’t undermine us.
My place has a spiral staircase setup like this. Climbing it after drinking a few too many pops has never been a problem.
it also looks like all the outdoor space is upstairs, so if you really can’t use the outdoor space for entertaining.
“You fools are worried you won’t be able to climb that staircase after you went bar hopping? Damn i love Chicago.”
We sure do enjoy getting wasted to the point of near unconciousness…
chicago is a city of sad drunks…
Can someone please help me understand this: How is this a short sale? If the owner purchased for $220,000 in 1999 how can they own more than $300K on the home. Would they have had to have taken out home equity loans as the book value of the property increased over the years?
I’m not worried about being too drunk to climb the stairs. I just think it would be a pain in the rear to, for example, haul my clothes up and down the stairs, not to mention other stuff (vacuum, anyone?). High ceilings do not work to your advantage in this case.
I did the math on the square footage = 1023. And a 16 x 7 foot kitchen = huh? Is this meant to be a crash pad for a short order cook?
Good deal & I actually like this loft. Its interior doesn`t remind me of a warehouse or jimmy johns/chipotle like most lofts.
think about the luscious view you will have chasing your conquest upstairs on the stairs…
I’m not certain we’re a city of sad drunks, as most folks I know are quite happy when they are drunk.
How did they get that bed up the spiral staircase? It just seems like a fire-hazard setup. Is this configuration compliant with building code?
“danny on January 17th, 2010 at 9:20 am
How did they get that bed up the spiral staircase? It just seems like a fire-hazard setup. Is this configuration compliant with building code?”
As far as I know, you only need one “means of egress” (staircase to downstairs) within a dwelling. The building has to have at least two staircases out, but I think within the unit one is sufficient. If that makes sense.
I believe it’s already under contract