The Going Rate for the West Loop: 1528 W Monroe
Only five years ago, you used to have buyers moving to the West Loop because it was considered a “value” compared to the more expensive north side of the city. You got more bang for your buck.
Currently, however, that doesn’t seem to be the case.
Is that a good thing or a bad thing for the neighborhood? Is it completing the gentrification cycle and becoming more “mature”?
Take this new conversion at 1528 W. Monroe. Only a few years ago this would have been considered far, far west. It is only a few blocks east of United Center, at Ashland.
Yet, look at the prices on these units. They are listed for over $300 a square foot. The pictures are of the staged “penthouse” unit.
Unit #403: 3 bedroom, 2.5 baths, 1 car parking, 1330 square feet
- Currently listed at $409,900 plus $30,000 for parking
- Assessments of $133 a month
- The bedrooms are on the small side: 13 x 10, 12 x 11 and 13 x 13
@Properties has the listings for the development.
looks nice, but the kitchen seems too close to the living room…
This is the first conversion/new construction unit I’ve seen in years that didn’t have the following in the bathroom:
1. brownish speckled granite or
2. blueish marble or
3. Brown tile in the shower stall
Green in the bathroom? How refreshing and unique.
The bathrooms look excellent. The kitchen is a joke–that island is so small as to be almost useless. The layout is bad. unless there’s a pantry hiding someplace, the storage is insufficient.
3 of the 9 Units are under contract… The developer really did a nice job finishing the insides of each unit!