We Love Authentic Bucktown Lofts: A 2-Bedroom at 1670 N. Claremont
This 2-bedroom in the Ironwerks Lofts at 1670 N. Claremont in Bucktown came on the market in July 2014.
The building was converted into loft condos in 1999.
It has all the features loft lovers look for including 12-foot timber ceilings, exposed brick and hardwood floors throughout.
The master bedroom has full height walls so there’s some privacy.
The kitchen has maple cabinets, stainless steel appliances and granite counter tops.
The end unit also has a 23×17 interior courtyard terrace.
The loft has the other features buyers look for including central air, washer/dryer in the unit and garage parking.
First listed in July, it has been reduced $6,000 to $369,000.
Bucktown is still a hot neighborhood.
What will it take to sell this loft?
Kris Mork at Coldwell Banker has the listing. See the listing here.
Unit #104: 2 bedrooms, 2 baths, no square footage listed
- Sold in July 2000 for $210,000
- Sold in October 2002 for $280,000
- Sold in September 2005 for $352,000
- Originally listed in July 2014 for $375,000
- Reduced
- Currently listed for $369,000
- Assessments of $249 a month (includes cable)
- Taxes of $3886
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 14×12
- Bedroom #2: 14×10
Nice enough place, but all the recent sales in the building suggest that this is at least 15% overpriced. Recent sales suggest a sale price of around $320k.
This place is so depressing both inside and out. On the plus side, the assessment is low although this is not a surprise, no amenities, no heat, etc…
Let’s go back to that 2002 price and we have a winner.
“that 2002 price”
In real $$, it is. $280k (’02) + CPI = $370k (’14).
“Nice enough place, but all the recent sales in the building suggest that this is at least 15% overpriced. Recent sales suggest a sale price of around $320k.”
Really? Same unit (but with a small extra “den”) sold in late spring for over ask (same outdoor courtyard terrace, same kitchen etc. etc.) Sold for $382,500. So you can see why they’d list at $375,000 (just like the other unit did successfully in the spring.)
https://www.redfin.com/IL/Chicago/1670-N-Claremont-Ave-60647/unit-101/home/12771362
What will it take? Advertising targeted to rich hipsters or their parents, I guess.
reminds me of some river north lofts on ontario? same feel
“Really? Same unit (but with a small extra “den”) sold in late spring for over ask (same outdoor courtyard terrace, same kitchen etc. etc.) Sold for $382,500. So you can see why they’d list at $375,000 (just like the other unit did successfully in the spring.)”
Can’t really tell much from the pictures, but I don’t buy the argument that #1 is smaller and otherwise the same as the posted property. It originally sold for significantly higher – $312k vs. $280k, and the second sales were the same (although further apart on the time frames) – $396k vs. $350k.
The posted property seems closer to 102, 202, 210, etc., the pricing histories on all of those tell a story. So, I can’t see why they would list at $370k, and I can see why it’s still on the market since July.