Four-Level Timber Loft in Old Nabisco Factory Lists for $500K

The old Nabisco factory-turned-lofts at 1000 W Washington has had its share of turmoil in the last few years. The building has been embroiled in a lawsuit stemming from flooding and mold contamination of Unit 541, a fact that has kept resale values unnaturally low for the other 180 units. For example, this newly-listed 2,000-square-foot two-bed straddling four levels is asking $499,500— just $100K more than its 2002 sales price. The way the West Loop is rebounding, the place might otherwise command $600K or $650K. It does, after all, possess gobs of character in its all-brick converted Nabisco ovens, high ceilings, exposed ductwork and trusses, and private roof deck (one of only five in the building). Two garage spaces are included in the asking price, but the assessment is a doozy: $1000/month.
·Listing: 1000 W Washington Blvd #502 [Prudential Rubloff]