Will the Downtown Market Recover in 2021? A Penthouse Loft at 130 S. Canal
This 2-bedroom duplex up penthouse in The Metropolitan Place at 130 S. Canal in the West Loop (or is this West Loop Gate?) came on the market in August 2020.
Built in 1950, Metropolitan Place was converted into loft condos in 1999. It has 212 lofts and an attached, heated parking garage.
The building has a doorman and an exercise room.
This loft is one of the rare penthouse units in the building which also has a 400 square foot south facing terrace that stretches the length of the first floor of the loft.
It has newly refinished hardwood floors on the main level along with floor to ceiling windows with motorized blinds.
The first floor has the kitchen, living and dining rooms along with a half bath.
The listing says the kitchen has been “completely remodeled” and now has custom navy cabinets, quartz countertops, a custom backsplash, wine refrigerator, built-in microwave drawer and stainless steel appliances.
The loft has designer solid core doors.
Both bedrooms are on the second level and both are en suite.
The primary bedroom has a granite and marble bathroom with double vanity. It also has 2 walk-in-closets.
There’s a built-in custom library with a desk in the second bedroom.
The loft has central air, side-by-side washer/dryer and a heated garage parking space is available for $30,000.
Originally listed in August 2020 for $800,000, it has been reduced to $720,000 (plus the parking).
Will the downtown condo market turn around in 2021?
Christine Hancock at @Properties has the listing. See the pictures here.
Unit #9R: 2 bedrooms, 2.5 baths, 1836 square feet, duplex up, penthouse
- Sold in November 2000 for $455,000
- Sold in April 2004 for $448,000
- Sold in April 2012 for $450,000
- Originally listed in August 2020 for $800,000
- Reduced
- Currently listed at $720,000 (plus $30,000 for garage parking)
- Assessments of $1239 a month (includes doorman, cable, exercise room, exterior maintenance, lawn care, scavenger, snow removal, Internet)
- Taxes of $11,134
- Central Air
- Side-by-side washer/dryer in the unit
- Fireplace
- Bedroom #1: 16×15 (second floor)
- Bedroom #2: 14×12 (second floor)
- Living/dining room: 24×19 (main floor)
- Kitchen: 16×10 (main floor)
- Foyer: 8×7 (main floor)
- Laundry room: 8×6 (main floor)
- Terrace: 43×10 (main floor)










