We Love Authentic Lofts: Massive Brick 1-Bedroom at 835 N. Wood in the Ukranian Village
This brick and timber authentic loft at 835 N. Wood in the Ukranian Village is technically a 2-bedroom but walls were taken down to make one large 24×15 bedroom.
The rest of the top floor loft is equally as large with 12-foot ceilings and what looks to be a private roof top deck with views of the downtown.
How big do you like your lofts?
Kim Kerbis at @Properties has the listing. See the listing, the pictures and a virtual tour here.
Unit #404: 2 bedrooms (converted into 1-bedroom), 1.5 baths, 1750 square feet
- Sold in April 1992 for $172,000
- Originally listed in May 2009 for $525,000
- Reduced
- Currently listed for $475,000
- Assessments of $304 a month
- Taxes of $3636
- Central Air
- Washer/Dryer in the unit
- Living room: 25×21
- Kitchen: 20×16
- Dining room: 12×10
- Deck: 21×15
The price is RIDICULOUS! Good luck
At $475, 6.15% cagr since 1992. Not totally obscene, given what this ‘hood was in ’92 (honestly, how they got $172 for it in ’92 is interesting to me. And yes, police station 1 block north, but so?)
$475k? LOL maybe in Lincoln Park or OT or River north…
I can put up a faux wall in my studio but that doesn’t quite make it a one bedroom. This is a one bedroom one and a half bath loft with decent square footage, but still at close to a half million dollars.
Maybe it sells for lower 400s..maybe.
I think if you threw up a wall where the ibeam is you would have 2 good sized bedrooms.
“I think if you threw up a wall where the ibeam is you would have 2 good sized bedrooms.”
But one of them with no windows, right? Or am I misjudging the layout?
you cant throw up a wall there, it will cover up the Stripper pole oops i meant the gray support beam.
Wow this is another hood that was rough back in the day and now is “Trendy”. the was a pool hall a block west of damen on chicago. i always loved the greystone two/three flats on damen even when they were run down and had graffiti on them.
Serioulsly 500k for a two bedroom, even as nice as it is, i dont see me as a rational human paying the price, maybe an overly tattoo’d bike messenger will love this place and pay 450k?
Almost $500K??? That price would fly if you had ALL of the following:
1. A second bedroom,
2. A second full bath,
3. A second parking spot,
4. The microwave off the counter,
5. 200 additional square fee,
6. Non-bifolding door closets,
7. Decent kitchen cabinets…
Oh, and you’d have to move it about 3-4 blocks north.
Other than that, it’s fine. Not for me though. Unless this price goes down significantly this musician aint movin.
That area was really rough in 1992 I don’t know how it sold for $172k. It ain’t worth no $500k today but at 1750 sq
That area was really rough in 1992 I don’t know how it sold for $172k. It ain’t worth no $500k today but at 1750 sq ft with a rooftop deck it would be a nice place to live.
It used to crack me up back in ’92 that people would buy here (and the few other local new loft conversions) for what a decent (read: solid) 3 or 4-flat cost in the area. Better areas, too, nearer to North/Damen/Milwaukee. Apples and oranges, sure, but ridiculous nonetheless.
Something else about those early ‘luxury’ West Town lofts: You never saw the people who bought these units back then unless you caught a glimpse when they pulled into the garage. Also, those early buyers made no profit until the turn of the century.
“How big do you like your lofts?”
Bigger than this one.
350k max
Technically, this isn’t Ukrainian Village at all. Ukrainian Village only goes as far east as Damen.
Ukie Village boundaries are Division St (1200 N) to the north, Chicago Ave (800 N) to the south, Western Ave (2400 W) to the west, and Damen Ave (2000 W) to the east. I live one block east of Western, a few blocks north of Chicago.
This loft is in the heart of West Town…a slightly different and funkier vibe than the UV area around the churches.
It breaks down to $271 a sq.ft. and taxes and assmnts do not seem insane.
So, is UV worth 271 a sq.ft.? Some of the LV places recently listed here are going for less. I would second what Bob said. Around 400K if they get lucky.
That south Ukie Village border is not at Chicago, more like Superior. Otherwise, you are leaving out the biggest Ukie church of all.
Some will say it goes south to Grand. They would be very wrong. Grand to Huron, Damen to Smith Park is The Patch.
You can buy a 3 bed newer construction 2400 sq ft duplex down for $500k in this area, why would someone buy this?
Why would they buy it instead of a duplex down? For the roof deck and higher floor and no musty water leaking smell in your unit. I’ve seen two bedroom two bath top floor units with a full roof deck listed for $450-475k in this neighborhood (don’t know what they sold for). This seems a stretch for 1 bedroom, albeit a large one.
I lived on this block. I referred to the neighborhood as East Village or West Town.
“You can buy a 3 bed newer construction 2400 sq ft duplex down for $500k in this area, why would someone buy this?”
Because it’s a brick and timber loft….some people put a premium on that.
I lived in a brick and timber loft for a year. After that, I’d say a brick and timber loft is a value decreaser, not increaser. Sound insulation is awful, and it was expensive to heat and cool.
How would this listing compare to an 800 sq. Ft. W
1 bed/1 bath true loft T
(Bldg. On historic register) in South loop (no deck)?
hey G –
Yep, you’re right, to count the ‘newer’ church, the Ukie Village southern boundary does need to go another block south of Chicago. But once you get a couple of blocks east and away from said church, the neighborhood does change a bit, don’t ya think?
For the price of this place, you can get a 3br condo in Ukie Village, and while I like West Town, I prefer living in Ukie Village. Grocery store within walking distance, a handful of restaurants (not like LP or WP though), and Polish and Ukrainian neighbors who seem to plant flowers everywhere.
“How would this listing compare to an 800 sq. Ft. W
1 bed/1 bath true loft T
(Bldg. On historic register) in South loop (no deck)?”
It wouldn’t… two completely different types of units, and two completely different neighborhoods…
“I lived in a brick and timber loft for a year. After that, I’d say a brick and timber loft is a value decreaser, not increaser. Sound insulation is awful, and it was expensive to heat and cool.”
I agree 100%, but different strokes….
> no musty water leaking smell in your unit.
Yeah, people pay $500k for leaky smelly duplex downs. very uninformed.
No they pay in the $400’s like my neighbors. Flooded at least 2x in the last year as assumed by the torn up carpet in the alley. very informed.
“brad on July 24th, 2009 at 11:53 am
> no musty water leaking smell in your unit.
Yeah, people pay $500k for leaky smelly duplex downs. very uninformed.”
“No they pay in the $400’s like my neighbors.”
Wait, a $400k+ duplex down in/near OIP? That was their first mistake.
First of many….
“Wait, a $400k+ duplex down in/near OIP? That was their first mistake.”
“I lived in a brick and timber loft for a year. After that, I’d say a brick and timber loft is a value decreaser, not increaser. Sound insulation is awful, and it was expensive to heat and cool.”
Yeah but former suburbanites desperate to prove to their friends they are now an ultra cool chic urbanite aren’t concerned with factors such as practicality or expenses. Remember the laws of economics don’t apply to these people as they are ‘hip’.
Someone else on here said it better: lofts look cool until you move all your stuff into them then you look like an idiot with your crap everywhere.
Bob, the peeps I know in Schaumburg want to stay in Schaumburg and love Schaumburg. And since I spent the first half of my life in the NW ‘burbs I know plenty of people in the burbs. If these former surburbanites haven’t moved to the city by now they’re aren’t coming anytime soon. I suppose there are exceptions for the extremely wealthy you read about in the Trib Real Estate section and Steveo’s clients but those are not the general rule. Plenty of peeps move from the burbs and give props to how great the city is but it’s all talk: they love famous freddies and alumni club. there are plenty of peeps who move from the city to the ‘burbs to buy homes; those city folks are replaced with an endless stream of newcomers like you Bob from goingnowhere deadended midwestern states and big 10 schools. when they get older they either buy a house in teh city or in the burbs only to be replaced by another round of 22 year old grads from the big 10…the circle of life.
“Yeah but former suburbanites desperate to prove to their friends they are now an ultra cool chic urbanite aren’t concerned with factors such as practicality or expenses. Remember the laws of economics don’t apply to these people as they are ‘hip’.
Someone else on here said it better: lofts look cool until you move all your stuff into them then you look like an idiot with your crap everywhe”
“from goingnowhere deadended midwestern states ”
Dunno if you’ve seen a chart of the unemployment rate lately but Illinois is definitely included in that description. The rustbelt, south and left coast is hit hard.
If things don’t pick up you might well see a movement of people to podunk states like Iowa, Nebraska, etc.
The circle of life can only repeat itself if there are jobs..
I agree, everything will come to a grinding halt if there are no jobs for teh 22 year olds to take. which from what I hear is already happening.
> Flooded at least 2x in the last year as assumed by the torn up carpet in the alley. very informed.
If their place flooded, there should be more than carpet to replace. Did you speak to your neighbors? Maybe the dog pissed all over the place. Or there was a body in that roll of carpet.
you’re right brad, i’m an idiot, it’s dog piss, not flooding, damn it i’m so stupid I don’t know how I make it through the day or even tie my own shoes in the morning.
i lived in a 3 flat (second floor). the duplex down unit had water seeping into it and they paid $480k a few years ago. our next door neighbors with a duplex down had their unit flood. when i was looking to buy a new place we looked at a few duplex downs and one of them indeed had a musty water smell. plus, if a pipe bursts in the winter, guess where all the water ends up.
i wouldn’t call myself uninformed, i lived in one of the crappy buildings that went up in 2000s. I luckily sold for a good price in 08/08 right before the market crashed.
The area is East Village, and has been called that for almost 10 years. Brick and Timber lofts definitely secure a premium nowadays, especially with the glut of “soft” lofts in the city which are condo’s without full walls to the ceiling.
Also, seeing most new loft buildings were done with split face block, and the city was too busy pocketing profits and not enforcing sealing on buildings, older brick buildings get even more of a premium now. This won’t sell for $500k, probably closer to $400k, but it is a good sized unit.
And why does it have to be 3 blocks further north? There is as much on Chicago around that area as there is on Division now. The majority of the city still things the only places that exist are east of the river.