A New Yorker’s Dream Loft Returns and Reduces to $750,000: 215 W. Illinois in River North
This 2-bedroom authentic loft in the Anchor Lofts at 215 W. Illinois in River North originally came on the market in February 2020.
It has been on and off the market. We last chattered about it in February 2022. You can see our rather infamous chatter here.
Built in 1923, the Anchor Lofts has 17 lofts and an attached garage although the current listing says it has 11 lofts. It was converted in the 1980s and does not have door staff or other amenities.
The prior listing said parking was available for rent from the HOA but this current listing doesn’t mention parking at all and doesn’t even say it’s available in the neighborhood.
This loft has an open floor plan with southern and western exposures along with exposed wood beams and 11 foot ceilings. The current listing says it has timber ceilings, but the ceilings are white so are they painted or have they put up drywall?
The prior listing called this loft a “true New Yorker’s dream.” It has original architectural and decor details.
The kitchen has white cabinets with black cabinets on the island which seats 2, along with marble counter tops and luxury appliances including a Wolf gas range, glass door refrigerator and separate wine fridge.
This loft is now a 2 bedroom instead of a 3 bedroom but it now had a den which could be a “nursery, charming office or workspace.” According to the floor plan, both bedrooms and the den have windows.
The primary bedroom has a wall-to-wall closet and a “dedicated” bath.
This loft has features buyers look for including central air and washer/dryer in the unit but parking isn’t mentioned.
This building is near the Wells Street restaurant corridor, the Merchandise Mart Brown line stop, the East Bank Club and the shops and restaurants of River North.
Originally listed in February 2020 for $1.2 million, it was on, and off, the market for three years.
It came back on the market in May 2023 at $899,900. It has been under contract twice this year. But it has been re-listed and reduced and is now priced at $750,000.
Will the reduced price finally get the sale done?
Gisela Attlan at Engel & Voelkers has the listing. See the pictures and floor plan here.
Unit #5C: 2 bedrooms, 2 baths, 2300 square feet, loft
- Sold in July 2010 for $395,000
- Sold in February 2013 for $780,000
- Originally listed in February 2020 for $1.2 million
- Reduced and on and off the market
- Re-listed in May 2023 at $899,900
- Under contract twice
- Reduced
- Currently listed at $750,000
- Assessments of are now $714 a month (they were $526 a month in February 2022)(includes exterior maintenance, scavenger and snow removal)
- Taxes are now $22,948 (they were $14,448 in February 2022)
- Central Air
- Washer/dryer in the unit
- Parking? Prior listing said you could rent it from the HOA
- Wood burning fireplace
- Bedroom #1: 15×16
- Bedroom #2: 15×13
- Den: 12×9
- Living/dining room: 33×24
- Kitchen: 14×12
- Laundry: 7×6
- Gallery: 30×4