Want to Live Near McDonald’s New HQ? A 1-Bedroom Loft at 1040 W. Adams in the West Loop
This 1-bedroom loft at the No. Ten Lofts at 1040 W. Adams in the West Loop just came on the market.
Like other West Loop properties, it is strategically located near the newly opened McDonald’s corporate headquarters at 110 N. Carpenter.
No. Ten Lofts was converted late in the prior real estate boom, with closings starting in 2006.
It has a heated garage and a doorman.
This timber loft has 12 foot ceilings and diagonal hardwood floors.
The kitchen has granite counter tops and stainless steel appliances.
The bedroom has a marble en suite bath with dual vanity and Grohe fixtures.
This loft also has a 10×7 den space that the listing says could be used as an office, a nursery or a small guest bedroom.
It has all the features that buyers look for including central air, washer/dryer in the unit and heated garage parking is available for $25,000.
This loft has come on the market for $150,000 more than the last sale in 2013, at $424,900.
Is there now a McDonald’s “premium” in this neighborhood?
Megan Wood at Coldwell Banker has the listing. See the pictures here.
Unit #507: 1 bedroom, 1.5 baths, 1040 square feet
- Sold in March 2006 for $317,000 (included the parking)
- Sold in July 2007 for $330,000 (included the parking)
- Sold in April 2011 for $258,000 (included the parking)
- Sold in June 2013 for $275,000 (included the parking)
- Currently listed at $399,900 (parking is $25,000 extra)
- Assessments of $600 a month (includes doorman, cable, exercise room, exterior maintenance, scavenger, snow removal)
- Taxes of $5532
- Central Air
- Washer/dryer in the unit
- Bedroom: 13×11
- Den: 10×7
I don’t pretend to really know what the market is for West Loop lofts, but I wouldn’t pay $400,000 (plus parking) for this unit in this location. I do like aspects of it. The LR and balcony are nice. I hate the fact that half of the apartment doesn’t have windows. And there’s no real privacy in the BR. What if you want to go to sleep before your spouse/partner/roommate does? It’s like living in a hotel room.
This has some nice features for a 1-bed (half bath, office/guest space), but it has diagonal wood floors, so I am obligated to hate it.
Seriously, though, this would be a great place for a single person or a couple who is on the exact same sleep/wake schedule.
I am really starting to loathe the west loop now that I work here. Maybe it will be better once the construction boom ends, but the construction is horrific. Trucks, dust, and noise everywhere… I can’t take walks at lunch because it’s so unpleasant out there. I used to love this area back in the day. It was quiet, but close to downtown. I don’t think it will go back, even if the construction ever ends.
The only good part is that property values are sky rocketing and people are being priced out and helping boost the prices in my neighborhood a bit.
Nothing like living in a tunnel.
The long corridor is a lot of useless space and I dont think this is 1040sf, including the balcony
TUNNEL-SARE LOLZ!!!!!!!
ITS AN ABOVE GROUND MAN-CAVE!!!!!
GO CUBBIES!!!!
haha, Jan. This really is an above ground man-cave for $425,000.
It is really interesting how the West Loop took off after being somewhat stagnant for 20 years.
I read the listing just like this
“The West Loop’s hottest building- No”
and god that balcony is sad, you’re looking into right your neighbors houses
425k for a bowling alley with that view on freakin adams st? ok suuuure
I thought that a bedroom had to have an egress window. The bedroom is basically a closet with another closet inside.
I personally would have put the kitchen and living room in the middle of the unit. Then put the bedroom and the end, with the windows. Or split the end down the middle and have a narrow living room and narrow bedroom.
Some people talk about the “welcome” feeling that you’re supposed to feel when you walk in the front door of any home. This place is sorely lacking any “welcome”.
DING DONG!!!!! 825SF TOPS OR IM NOT AN OLD STYLE DRINKER LOLZ!!!
I understand that it is all about location, location, location. But unless I’m missing something, a 1 bedroom in the West Loop should not command $400K
“I thought that a bedroom had to have an egress window. The bedroom is basically a closet with another closet inside.”
Nope.
The rules are that it has to have some access to natural light and 3/4th walls qualify. Also, it must have a closet or else it has to be called a den.
This long, narrow layout is common in most industrial loft buildings, especially if they were converted after 2000. It allows the developer to fit in more units if there are windows only in the living room and the bedrooms are put back behind the kitchen.
Usually this layout is found with 1-bedroom lofts but I’ve even seen it occasionally with 2-bedrooms lofts, where both bedrooms don’t have a window. That particular layout seems really brutal.
“It is really interesting how the West Loop took off after being somewhat stagnant for 20 years.”
It’s really about Fulton Market and the sheer number of companies that have moved in there, or want to move in there. And now add in the hotels and it suddenly has become really, really trendy. You can work and eat out and play (if they open that movie theater soon) all in the same area.
Lofts are supposed to be hip, creative living. All I see is beige all over. The west loop has a great public school, Skinner West. We almost moved there just for Skinner.
“What if you want to go to sleep before your spouse/partner/roommate does? It’s like living in a hotel room”
As a former loft owner and loft lover I assure you thats not the real issue. I’d try to get the spouse/partner/roommate on the same schedule but would be more worried about other noises. Hows that song go?
“This bed is on fire with passionate love,
the neighbors complain about the noises above…..”
It is the other noises that you cant control that will drive most loft owners nuts. Our unit did not have noise transfer issues but a few others in my building did.
Russ – You are correct. The west loop was stagnant for years.
Sabrina was also right in her comment “It’s really about Fulton Market.”
The massive growth was due to the delay of development previously thwarted on Fulton by Roger Romanelli and a few others. They pressed the alderman on development and zoning changes frequently. Always in an effort to protect the manufacturers and food market companies located in that area. It stalled what would have otherwise been natural growth and development in the area for over a decade.
Once the dam broke with that the sale of the Fulton Cold Storage market building everything changed. Sterling Bay had already purchased or tied up many available lots the area leading to even more hype and speculation.
https://www.dnainfo.com/chicago/20150204/west-loop/gateway-goes-up-fulton-market-district/
I miss the old Fulton Market. I hate what it’s become and hate the construction that envelops my office.
Jenny – I miss it too. Used to walk our dog down Fulton every day. Knew a bunch of the dork lift guys who would come out with some serious “treats” aka scraps for our lab.
It had grit and character. The place looked authentic. When friends came to see us they always enjoyed the neighborhood places. Carnichaels, Perez, and Wabi were great. All three are gone and rbe replacements are good but just don’t feel the same. I miss those old days in my gritty hood.
Now it’s borderline Schaumburg with a pinch of Navy Pier. The main exception being the world class dining. That’s the best feature.
“I miss the old Fulton Market. I hate what it’s become and hate the construction that envelops my office.”
You liked having industrial trucks coming in and out at all hours? The crappy streets? The desolation on the weekends?
That isn’t coming back.
There are 3 hotels being built in Fulton Market. Yes, some people are decrying the Disneyfication of the area (the new brick sidewalks, for example).
“You liked having industrial trucks coming in and out at all hours? The crappy streets? The desolation on the weekends?”
Yes. It was a place away from the madness of downtown, but still very near it. The buildings and feel were interesting to me, like stepping back in time. There was a place that used to have indoor dog meet-ups that I loved attending. I could always find parking. If I wanted to get dinner on Randolph, I would always park in the Fulton Market area. The entire area is now sheer chaos.
I remember going to that indoor dog place once for an event, that was cool, and there should be more community spaces like that.
” If I wanted to get dinner on Randolph, I would always park in the Fulton Market area. The entire area is now sheer chaos”
When we first lived there parking on nights and weekends was sooooo plentiful.
There was a three block stretch from our place to Madison and there would rarely be a single car parked on either side of the street between 7pm and 4am.
Ironically those trucks, many deep potholes, and the weekend desolation was part of what made it great. That may sound odd but it was true!
“Ironically those trucks, many deep potholes, and the weekend desolation was part of what made it great. That may sound odd but it was true!”
I completely agree!