We Love Authentic Lofts With Brick and Timber: 2250 W. Ohio in West Town
This 2-bedroom loft at 2250 W. Ohio in West Town has been on the market for a year.
It is listed for $25,000 under the 2004 purchase price.
It has all the features of an authentic loft including exposed brick and timber ceilings.
The loft is a corner unit with a wall of west facing windows.
At 1550 square feet it has the wide open authentic loft space as well.
The kitchen has white cabinets and appliances. There are no pictures of the baths.
The loft has central air, in-unit washer/dryer and a heated garage parking spot included.
How low will this go before it finds a buyer?
Justin Brown at Jameson Sotheby’s has the listing. See the pictures here.
Unit #205: 2 bedrooms, 2 baths, 1550 square feet
- Sold in November 1994 for $176,500
- Sold in December 1996 for $198,000
- Sold in October 2004 for $350,000
- Originally listed in April 2010 for $375,000
- Reduced
- Currently listed for $325,000
- Assessments of $270 a month
- Taxes of $4855
- Central Air
- In-unit washer/dryer
- Bedroom #1: 15×15
- Bedroom #2: 15×13
HD-I know whats coming from you….$199K.
Am I right???
Not very authentic,
Pretty watered down.
this is an authentic Loft
http://www.apartmenttherapy.com/dc/house-tours/doubs-freespirited-in-fishtown-house-tour-143939
This is a pretty authentic modern residential loft. If you want a particularly raw loft, then the Apartment Therapy loft is what you’re looking for, but most “lofts” in most cities are nice residential units with large open spaces and original structural elements exposed, but you don’t have to have plywood ceilings to have a loft.
These are condos that have stolen the name “Loft”
So because there’s some drywall in there, a shitty fireplace and a shitty boring kitchen this all of a sudden isn’t a loft? It’s obviously an old commercial building converted into residential units, aka a loft. It doesn’t emulate a loft, it is a loft.
I would say that 99% of people would be completely unwilling to live in your “loft” link above. Is it more authentic? Yes. Does that mean that something that actually looks like a living space can not be considered a loft? No.
Watered down for midwesterners, big 10 college grads
and other taste challenged subgroups
“Watered down for midwesterners, big 10 college grads
and other taste challenged subgroups”
And yet somehow James you are either a midwesterner yourself or like posting on a blog dedicated to midwest real estate.
I think it’s E&W coasters that cocked up real estate prices here, to be honest. No midwesterner in their right mind would’ve paid 350k for this. The owner is probably an east coast transplant with no perspective.
“Watered down for midwesterners, big 10 college grads
and other taste challenged subgroups”
here we go again……the competition at Big Ten universities today is fierce, that’s been established. Secondly, a timber (floors & structural beam) loft predates one with steel structural supports & beams and concrete floors, so it’s actually more authentic.
“Not very authentic,
Pretty watered down.
this is an authentic Loft”
James does it come _with_ the hipster?
If so, I could see it appealing to the affluent female set. Otherwise garbage.
I actually like this and think it’s a pretty good deal. And it’s definitely a loft. It may not have that completely industrial feel like the place the chick in Flashdance lived, but it’s an old industrial building. There are enough faux lofts littering the listings that it seems a bit unfair to pick on this one.
Well James, at least they know the market. Considering Chicago is full of midwestern, big 10 college grads, this unit should go fast!
This is the same building that had the “Coolest Crib” – http://cribchatter.com/?p=5635
Might be worth purchasing this unit in the off chance of being invited to some summertime pool parties!
“here we go again……the competition at Big Ten universities today is fierce, that’s been established. Secondly, a timber (floors & structural beam) loft predates one with steel structural supports & beams and concrete floors, so it’s actually more authentic.”
James is hilarious. He criticizes this loft with pictures of another, more craptastic loft that is even less practical.
James don’t you have an art gallery you need to run off to? Or perhaps another Frank Lloyd Wright tour? I’ll see you in the summer on second fridays: I’ll be the guy drinking free Stella & eat bruschetta acting like I might actually purchase something but really in my head I’m laughing at at least 90% of the crap there they call art (and certainly not in the market for the other 10%).
They’re “oh so fabulous” spending all of their extra disposable income on an “uber-cool” loft’s mortgage and climate control!
I find it hilarious that its frequently this demographic that are trendsetters for the lemmings. Oh they’re onto something alright..but not something I’d ever want to be apart of.
BTW how is that Nate Berkus loft holding up?
correction: it looks like “Doub” Hanshaw is female after all:
“The use of poured concrete in the kitchen and bathroom stay true to the raw space while the girly touches of lace and small sitting rooms make the space feel warm and cozy as if it were always meant to be that way.
Her day job as Creative Director at Free People certainly lends itself to how her home has been transformed. “
“This is the same building that had the “Coolest Crib” – http://cribchatter.com/?p=5635”
Looks that that place eventually sold, at the very end of 2009, for $910k. Interesting.
“James don’t you have an art gallery you need to run off to?”
No I have a sports bar to run to where I will meet Bruce and Jeff,who will be wearing the same North Face Vest and driving the same Saab. We will sip on some Sam Adams watch baseball on the television and then off to the Big Game to Grill some sausage in the Parking Lot, We will then check our blackberrys as the nagging phone call from our Lexus SUV Driving pigeon-like jobless boring wives spoil the bar-b-que by making us leave the sports game to do an emergency errand at the fabric store. After these activities we will commit suicide together when we realize that the naked fraternity hazing incident left us wanting more, that we have been mentally and physically castrated by our fake lincoln park lifestyle, the Hedge fund we invested our childrens college fund into tanked and our wives and inlaws find out.
The shame at the accounting firm will be too much to bear on all
Serious question, what is the target market for this place? I would think it would be someone in my demographic, mid to late 20’s, no kids. This seems like one of those places which could be cool to live in for a year or two, but does not lend itself to a place someone could have kids / grow in.
get a grip, pal
Whatever the price psf is in River West, knock off some more, and that’s how you end up at 2200-block West. This will sell for less than $200 psf which is fine, no comment about that, but it will reflect that someone got 1,550 sf for $XXXk which is more than, say, 1,150 sf in River West or River North for the same price.
” After these activities we will commit suicide together when we realize that the naked fraternity hazing incident left us wanting more”
lol…this is why “James” doesn’t go by Jim or Jimbo.
“off to the Big Game to Grill some sausage in the Parking Lot”
Not a lot of parking or sausage grilling in Strawberry Canyon.
I like this place but wouldn’t buy it. Timber lofts are loud. You hear everything from above and below. Combine that with the fact that people who buy timber lofts are usually young and in the party throwing stage of their lives, well . . . you end up with a place that’s great for partying but not so great for sleeping.
“Seriously? Do you actually talk like this in your real life?”
Q: Who in their right mind names their kid “Doub”? A: A bunch of hippie stoner parents who thought it would be funny. Now she’s a creative director (BIG SURPRISE) and lives in an “UBER COOL LOFT”. LOL.
Anybody with serious thoughts of naming their offspring “Doub” should have their reproductive rights revoked.
Actually, you are wrong. I’d say $250,000 but in the 100’s is too low. Think 1999 price.
“#cominghome38 on April 14th, 2011 at 1:12 pm
HD-I know whats coming from you….$199K.
Am I right???”
Or maybe it’s a family name and you are a jackass that is always jumping to baseless conclusions and then using those baseless conclusions to hurl juvenile insults?
Unfortunately there is not a whole lot of room to negotiate on price given that there is a $312,500 mortgage as of 9/2010….
Bob & Dan = Beavis & Butthead
“Unfortunately there is not a whole lot of room to negotiate on price given that there is a $312,500 mortgage as of 9/2010….”
You mean HOWMUCHAMONTH means you can’t move when you want?
HOWMUCHAMONTH doesn’t understand this, does not compute.
HD-
Im shocked!!! 250k!!!
I was certain I nailed it when I guessed 199K!!!
“Q: Who in their right mind names their kid “Doub”?”
The same sort who “name” (that is, nickname) their kids Trip or Trey? Would wager her given name was something “normal”. Prep School grad.
C’mon, use your noggin. Most likely explanation: mother’s maiden name was Doub. Child’s first name became Doub. If not that, something like that. I.e., Grandfather was named Doub for same reason, so child becomes Doub.
You people really don’t know anybody with a goofy family name like that?
“If not that, something like that. I.e., Grandfather was named Doub for same reason, so child becomes Doub. ”
Oh yeah dude it makes much more sense to name their daughter after their grandfather’s name vs. after drug paraphenalia. LOL.
Seriously look at what you just wrote and report back to us if it makes any sense at all.
“You people really don’t know anybody with a goofy family name like that?”
I know someone named Padraig but his nickname is Patrick. His dad is an Irish nut. At least Padraig is a historical name however. Doub…LOL. PASS THE DOUB.
Moron.
http://lmgtfy.com/?q=doub
“PASS THE DOUB.”
Um, what you are referring to is spelled “doob”. As in Doobie. Like the Brothers.
Doub seems like it would be pronounced “dub” and might short for double.
Again, tho, prep school grad. Brother/cousin/something named Whitt. So anything is possible, but yours seems the least likely of likely explanations.
Pass the doob…not doub.
Alanon it is you who is the moron–couldn’t find a first name of Doub out there. Even with the dumb link you provided.
Anon is likely right. Too funny though.
epic fail thread
nice place though, price is ok I guess
You’re right Bob. As with everything else, if you haven’t heard of it, it is stupid. An easy rule to live by.
I thought “doub” was the abbreviation for “douchebag”
Yeah, and you know what “Bob” is slang for?
It’s not slang for some idiot that went to law school but doesn’t even practice law. OOPS that describes half of all CCers.
Do you use your business degree?
“#Bob on April 14th, 2011 at 5:40 pm
It’s not slang for some idiot that went to law school but doesn’t even practice law. OOPS that describes half of all CCers.”
Credit to hd for being the only one to actually make a prediction on this place. This place would be good for me at about three times the size, but it’s a nice example of a decent relatively raw space nicely finished. I don’t know these buildings or the area that well. It’s not outlandish at $325k, but I think that 2401 W. Ohio hurts it. I would say that around $290k gets this done, but it may very well be a short sale at that point.
JJJ… It’s kind of funny because they know that they lost. Census figures of minority children tell it all. Nice BRIC meeting yesterday challenging the dollar just makes it sting even more.
There is a method to my madness: Think “what would this have sold for in 1999”. This one was easy given a 1996 and 2004 price, easy to estimate closer to the 1996 price than the 2004 price.
“#cominghome38 on April 14th, 2011 at 3:48 pm
HD-
Im shocked!!! 250k!!!
I was certain I nailed it when I guessed 199K!!!”
hmmm… can’t post links?
It must be spring! Not one single post about how much it will cost to heat this space. Wow CCers I’m shocked.
“hmmm… can’t post links?”
Can’t post 2 or more w/o waiting for Sabrina to review.
Right- if you post more than one link in a comment it will go into the spam filter for me to flush out.
Can we please try and stay on topic? Is that too hard to ask? I’m getting tired of deleting comments all the time regarding ethnicity, sexual orientation, race, religion etc.
odd pricing history. I bought a two flat around the corner in ’94 for 115, sold it in 2000 for 320. I would have thought these condos would have appreciated more. Fiore’s deli is great though
Actually “Doub” is a pretty benign choice for an “unusual” kid’s name nowadays. I’ve hears worse (within my own family!) And I’m sure you have too.
As to the “prime demographic market” for this “soft loft” how aout this:
Kids who saw various productions of “Rent” about 25 times during their high-school/college years and own a DVD of the movie, and vowed that once they could get their own place it would be something along the lines of what the characters in the play had.
I suspect this is the mentality of some of my own buyer-clients…
“Actually “Doub” is a pretty benign choice for an “unusual” kid’s name nowadays.”
She’s ~40.
Could someone contact Doub and get the real story? I’d twit if I could.
Hahaha plus West Town is nothing like the Lower East Side. Sure this place would cost 2x-3x as much in the LES but honestly LES is far more than 2-3x as happening as West Town.
“I’m getting tired of deleting comments all the time regarding ethnicity, sexual orientation, race, religion etc.”
Sabrina, there are only a very small number of people who do this (and one of them is doing it again), so why don’t you take some action against those people? It seems your preference is to let offensive comments stay and not take action until everyone has expressed their disgust with something like this, and then to criticize the comments of those who call out the transgressors.
Love West Town but why is it priced like Lakeview?
” make a place “far more happening” Bob, say it ain’t so, you’ve drank the kool-aid!!?”
Its a play you genius. The Lower East side of Manhattan is a fun place to visit and I’ve talked to people that used to live there and they say its a great place to spend your 20s. If economics weren’t a consideration I’d live in the LES over West Town. Realistically NYC ain’t me though so I’d take better nabes in Chicago.
“Love West Town but why is it priced like Lakeview?”
Ding ding ding!
West Town is nothing like “Rent”. These comments would be relevant if it was, but it’s not. Don’t no why anyone would think it is. Historically Eastern European, African American Population to the south and west–Latin Population to the North and West–A Mexican American Population to the East and South–and well Hipsters and bars, records stores, salons, vintage stores, music venues, resturants, clothing stores, mixing with all this and expanding it boundries..but to price it at +200 Sq/FT is just people trying to sell a select group of people some dream that doesn’t exist. This is not a perfect neighborhood or “The” Neighborhood it is a unique one and an interesting one…but only for a select few, especially on the edges like this property is. 250-275K is an attractive price for the location and square footage. 375 is just plain loco.
Well at least we know we need to find fictional comps for this one and many others in a neighborhood that only gained population because it was cheap..not because of some other feature. ANyone who paid “hot Neighborhood” prices is a bag holder. For while the area has a bunch of great features–people who live here spend more money on Schlitz and well shots than on rent–not sure they have ever thought of mortgages unless mom and dad just want them out and I don’t think many moms and dads are think of the kids condo as an investment vehicle anymore.
“I’m not going to scroll back through all of the comments, but why are the LES and West Town being discussed together?”
Guess what: you just admitted you’re lazy and are expecting someone else to do the legwork for you? lolz
Valuations in condos in West Town & Logan Square are going to implode (or continue it).
No, Bob, it’s just that there’s only so much time in the day, and it can’t always be spent chasing down the details of the latest off-topic argument on CC. I’m curious, though: how much time have you spent in NYC generally, and the LES/EV in particular?
I personally would like to see west town slowly push past Grand. Nothing but Boarded up grey stones for blocks.
As an owner of a river west/west loop timber loft with an original kitchen, I think this is way overpriced. I think that my ~1300 sq. ft. 2/2 w/ parking may sell for around 300. Given this place’s location, I can’t see this going for more than 300. 275-285 sells it, I think.
“JJJ: I sort of directed it towards you, I just wanted to see you get all riled up.”
You can’t, because it’s Friday, Friday, gonna get down on Friday.
2138 W Ohio Unit 3 (MLS 07651190) is a 2 bedroom 1 bath top floor “watered down” loft with parking included with an ask price of 229k. It last sold for 262k in September, 2006.
Or you could always get a cheap SFH nearby. 529 N Claremont (MLS 07699061) is a 3 bedroom 1.5 bath house with an ask price of 125k.
“Bob and Dan, we should meet up for drinks tonight”
Great call Groove – I’ll pay $50.00 for court side tickets to that matchup. I bet that we can sell the rest of the seats on CC or stubhub. Should be an interesting matchup.
Maybe Clio can face off against HD or Alanon in the second card. At minimum he can park the Lambo out front and Sabrina can charge $25 for photos of people sitting in the drivers seat. I’ll take an 8 x 10 as I am sure that it would actually make me smile!
Sabrina – I think that it is time to set up a paypal account. We have finally found a way for you to make some serious money with this site.
Oops that SFH was a short sale so the ask is invalid.
http://www.bls.gov/news.release/pdf/empsit.pdf
Sale pending..
Exactly how terrible is the hood on that Claremont SFH?
oh sorry forgot to mention, i will be buying all night, and you can pick the place.
I dunno grovester if I can take advantage…I got a bit messed up the past two nights and friends are trying to drag me to a party. Got the friday funks..:(
Bob, you are clearly a very intelligent man. I wish you the best of luck. You’re going to need it.
“I personally would like to see west town slowly push past Grand. Nothing but Boarded up grey stones for blocks.”
Yeah- there is a lot of good housing stock but the real estate bust is bringing it down quickly. There are some lovely buildings in east humboldt park and that area started to gentrify during the boom but I fear for it now.
“yeah- there is a lot of good housing stock but the real estate bust is bringing it down quickly. There are some lovely buildings in east humboldt park and that area started to gentrify during the boom but I fear for it now.”- This bust is not like others. Cheap housing combined with declining populations are the key ingredients for the precursors of gentrification. It was the fantasy of gentrification that caused this type of wealth loss to exist in the first place. Having good, safe, functioning, interesting, neighborhoods that are made up of quality, historical, and affordable housing is something different from gentrification. To me that is what the odd jumbled nature of west town (and the immediate beyond) represent.
Sold in May for $301K. Even the old HD was positive on this place though he missed the mark by $50K. Several said 275-290K but no one said $300K+
HD here is another bright spot for the bottom is passing theory.