We Love Authentic Lofts: 2401 W. Ohio in Ukranian Village
2401 W. Ohio, a brick loft building in Ukranian Village/Smith Park, also called West Town, was built in 1909.
Unit #34 is a top floor unit with 16 foot timber ceilings and a lofted bedroom. We’re fond of the lofted bedroom, which more loft owners should consider.
Unit #34: 2 bedrooms, 1 bath, 1400 square feet
- Sold in April 2005 for $299,000
- Originally listed for $409,900
- Reduced to $399,900
- Reduced again
- Currently listed for $384,900 (parking included)
- Listing says “completely renovated”
- Assessments of $200 a month
- Century 21 Team Ltd.
This looks very nice. Is anybody familiar with the parking situation in this building? (Indoor or gated lot?) Will definitly be taking a look at this one.
“Ukranian Village/Smith Park, also called West Town”
Many of the descendants of the original Italian occupants of this ‘hood are still there. To them, it has and will always be known as The Patch.
This conversion was done by Wolverine Investment in the early 90’s and was Keith Giles’ first development. He went on to greater fame (infamy?) in the South Loop as Frankel and Giles.
This unit has deeded garage parking. I think they all do in the bldg. This unit also has roof rights, meaning you could build on top like what is visible on the top corner of roof.
This isn’t the best area for public trans. Try it out if you plan on using it. The drive in on Grand used to be sweet, but now bottlenecks badly through River West.
I would want to see the heat & a/c bills here, they could be a real shocker. I don’t know what renovations were done, but that 2005 price seems high.
I couldn’t agree more with the last 2 paragraphs of G’s comment.
While this neighborhood has been developed since 2005, I find it really hard to justify paying almost 33% more today than it was in 2005 given the housing market and definitely the condo market is much worse today. I think 299 seems to be where the deal finders bother to even start looking at it.
I would discount it at least 30% from the 2005 price, and I think that’s where it will sell.
Ukranian Village is not a good area for public transit, walkability, nor for other things like major supermarkets, dry cleaners, restaurants, or other services, within easy reach.
It’s also not a particularly good area for public safety.
Nice piece of real estate.
I disagree with the premise that this isn’t the best area for public trans. It is steps from the Wester Metra stop, which is better than living near CTA in my humble opinion (assuming you work/play in the loop). Three Metra lines run through there so you probably get trains through there more frequently then any El stop. I live near the Clybourn Metra stop and it’s heaven compared to the CTA!
I would disagree with Laura’s statement that Ukranian Village isn’t not a good area for public safety – I’ve lived at Chicago and Ashland for two years and have had no problems. I would, however, agree that Ohio west of Western is most definitely *not* a prime location for anything. But then, I wouldn’t call that Ukranian Village either!
Beautiful place though and I do love the lofted bedroom! And after all, isn’t that why their called “Lofts?” 😀
Just found the blog and love it.
Anyway, $384,000 is a lot of money for a 2bd/1ba. None of my upwardly mobile yuppie friends could afford a place that expensive. Maybe they could if there was a two year teaser rate or if they put all of life’s expenses other than the mortgage on the credit card. Which I’m sure many of this wonderful city’s FB’s do.
I recently saw this location and my concern is also safety, future redevelopment in the area (is it or will it ever be in a TIF?), havac bills, no access to necessities such as a supermarket, etc.(there is a liquor store) by foot, no cable internet?, and paying too much.
Not to mention the alderman hasn’t even updated his “new” website in two years.
what? there’s no cable internet available in the building? how does one live without internet in their home??? do you get cellphone reception in there?
by the way, scv, what’s a TIF? and what are havac bills? also what are your concerns for future redevelopment? are you worried that it won’t become more user friendly/residential?
TIF is a Tax Increment Financing District. Basically community development. Hvac bills are heating and cooling. future redevelopment would be tied to the TIF. i have faith in the area.
Is the second bedroom up a ladder to?
No. A stair
I’ve been here, nearly a year ago when it was the 409k price. Also the price has since been reduced even furthur… Sabrina, might make for a good update post. The “second bedroom” is currently underneath the lofted main bedroom, and is used as a huge walk-in closet. The owner met us there and said that they would convert it back to a bedroom.
It is a VERY cool unit, the roof rights make it extra cool, since you can add another floor. BUT, the location is a bit tough, without a lot of amenities nearby. There is a Dominick’s on Chicago and Hoyne-ish, so not that far away. Some great restaurants on Chicago Ave as well, but not that far west.
The unit went under contract on 3/8/09. The current list price was $314,900.
I love this place but the alderman is a slacker.
I am a little concerned about there being only one exit.