Looking for a Secret Downtown Terrace? A 1-Bedroom at 40 E. 9th in the South Loop
This 1-bedroom in Burnham Park Plaza at 40 E. 9th Street in the South Loop just came on the market.
Burnham Park Plaza was converted back in 2000 and has 290 units and parking. It’s a full amenity building with a doorman.
This unit has some unique features including angle and curved walls and exposed brick.
There are laminate floors.
The bedroom doesn’t appear to have windows, however.
But it does have a special feature that some buyers look for: a private, secret terrace.
The wood terrace that is off the living room measures 8×18.
Before you complain about how it looks, the listing also says:
Note: Seller to replace and re-build new terrace prior to sale.
Oh, and according to the listing, it does not face the El.
The kitchen appears to have maple cabinets although in a different picture they look white. Appliances are both white and black.
It has central air, washer/dryer in the unit and parking is available for rent or sale in the building.
The listing calls this an “investor’s special” as the unit is renter-occupied through Dec 31, 2019 at $1650 a month.
Does this unit make sense for an investor in 2019?
Scott Conwell at South Loop Properties has the listing. It is agent owned. See the pictures and floor plan here.
Unit #317: 1 bedroom, 1 bath, 1025 square feet
- Sold in February 2000 for $118,000
- Currently listed at $224,900
- Assessments of $428 a month (includes doorman, exercise room, exterior maintenance, lawn care, scavenger, snow removal)
- Tenant occupied at $1650 a month
- Taxes of $2929
- Central Air
- Washer/dryer in the unit
- No parking but available to buy or rent in the building
- Bedroom #1: 9×12
- Living room: 30×15
- Private terrace: 8×18 (listing says it’s not included in square footage)









