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10 Timber Lofts You Can Buy Right Now for $425K or Less

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As the biggest city in the old industrial Midwest, Chicago has an impressive inventory of loft condominiums. And because Chicago's housing market isn't as crazy expensive as the ones in New York or San Francisco, a nice spacious loft in the Windy City won't cost homebuyers an arm and a leg. Sure, one can drop some serious coinage on a new construction or a penthouse space downtown, however folks who are looking for your standard (but nice) one to two bedroom loft unit in an old industrial building can reasonably expect to find at least a handful of solid candidates for well under half a million bucks at any given point in time. Lofts may not be for everyone, but there's something special about exposed brick walls, tall timber ceilings and large windows to many. And as a general sampling of what's available throughout the city, here are ten great timber lofts you can buy today for under $425,000 each.


3201 North Seminary Avenue Unit 209
Size: 2 bed, 2 bath (1,400 square feet)
Price: $419,000
Broker babble translation: Amazing hard to find soft loft in the heart of Lakeview! Flooded with light — duplex upstairs with both bedrooms closed off. Soaring 34' timber ceilings on main floor. Redone kitchen with granite counter tops, stainless steel appliances & classic white cabinets. Fireplace anchors the generous, east-facing living room. Split bedrooms on top floor with laundry room and storage too! Common roof deck steps from unit and parking included.
Additional notes: Last sold for $400,000 in 2010. Listed in June 2013 for $450,000.


1330 West Monore Street Unit 114
Size: 2 bed, 2 bath (square footage not listed)
Price: $374,499
Broker babble translation: Beautiful heavy timber loft in award winning Block Y development with huge 23'x20' private yard. Also includes a private entrance that is unique to this specific unit. A must see for outdoor lovers in the city. Unit features 18' ceilings, hardwood floors and in-unit laundry. Not a cookie cutter home. Lofted second bedroom. Garage parking included. Steps from Skinner Park and #20 Madison bus route.
Additional notes: First floor unit. Last sold May 2006 for $365,000. Listed in 2010 during real estate crash for $300,000.


400 South Green Street Unit 514
Size: 1 bed, 2 bath (1,250 square feet)
Price: $349,900
Broker babble translation: Unique duplex penthouse loft with tons of character. 1200+ square feet, 18' tall timber ceilings, exposed brick and hardwood floors. Updated kitchen features pine cabinets, gas cooking, quarry tile floor, wine cooler and wrap around breakfast bar. Living & dining rooms separated by three-sided wet bar. Lofted master bed with office nook and bathroom with separate shower and jacuzzi. Second bathroom and utility room with full size washer and dryer on main floor. Includes roof rights with city views. Parking is an additional $35,000.
Additional notes: Located in Green Street Lofts. Near major highway interchange.


2300 West Wabansia Avenue Unit 111
Size:2 bed, 1 bath (1,040 square feet)
Price:$349,500
Broker babble translation: Unit located in the popular Clocktower Lofts building. Best layout in building with rarely available fenced private outdoor space. Bright, open unit with spectacular 15' timber ceilings, exposed brick, granite and maple kitchen and hardwood floors. Custom stone fireplace and new in-unit washer and dryer. Building includes storage, exercise room and rooftop deck with 360 degree city views. Heated indoor garage parking included. Great Bucktown location, close to parks, restaurants and entertainment. Two blocks to Blue Line. FHA approved.
Additional notes: Could maybe use a new coat of paint if purple and slate blue aren't your thing. Last sold for exactly $350,000 in August of 2009.


360 West Illinois Street Unit 425
Size: 1 bed, 1 bath (square footage not listed)
Price: $305,000
Broker babble translation: Highly sought after Sexton Lofts building next to the East Bank Club. This brick and timber loft has floor to ceiling windows with southern exposure. Hardwood throughout, open kitchen, glass walk-in shower, granite counters, in-unit washer/dryer, built in California closets and an oversized heated parking spot included! Full amenity building features roof deck, cleaners, receiving room and door staff.
Additional notes: A similar unit sold last summer for $320,000.


1800 West Grace Street Unit 105
Size: 1 bed, 1.5 bath (square footage not listed)
Price: $294,900
Broker babble translation:Luxurious loft living in popular North Center locale! This 1 bed, 1.5 bathroom unit features soaring timber ceilings, custom closets, upgraded stainless steel appliances, in-unit washer and dryer and hardwood floors throughout. Master suite with double sinks, spa tub and walk-in closet. Custom window treatments and designer lighting await. Take in the Chicago skyline from the large rooftop deck or workout in the fitness center. Garage parking included in price.
Additional notes: Redfin has a 3D walkthrough of the unit.


4745 North Ravenswood Avenue Unit 104
Size: 2 bed, 1.5 bath (1,400 square feet)
Price: $289,000
Broker babble translation: Unique one of a kind duplex timber loft. First floor features 13' timber ceilings, exposed brick and huge windows. Modern updates include dark stained hardwood floors on main level. Kitchen features white cabinets, granite counter tops and island and stainless steel appliances. Living room has gas fireplace and gorgeous built-in shelving. Spacious bedrooms with organized closets. New full bathroom with subway tile surrounding shower and natural stone flooring, cherry vanity with vessel sink. Parking is an additional $15K. Building includes common roof deck.
Additional notes: Building is right next to Metra station and new Ravenswood Mariano's store.


1727 South Indiana Avenue Unit 102
Size:1 bed, 1.5 bath (1,239 square feet)
Price:$259,900
Broker babble translation: Fantastic one of a kind duplex loft in the historic Prairie District with exposed brick walls and hardwood floors. Over 1,200 square feet with huge two story living and dining rooms. Upstairs bed has master bath. Half bath located on main level. 17' timber ceilings in living room. Upgraded kitchen with stainless steel appliances. Includes in-unit laundry. Building features sun deck, fitness room, storage and bike room. Close to lake, museums, the Loop, restaurants and more.
Additional notes: Unit last sold in 2012 for $219,900.


1801 South Michigan Avenue Unit 603
Size: 1 bed, 1 bath (square footage not listed)
Price: $229,900
Broker babble translation: Stunning, exposed brick and timber loft with heated garage parking included. In-unit laundry, 13' ceilings, large windows with city views and custom window treatments, brand new stainless steel appliances, hardwood floors and balcony. Building has exercise room and low assessments with cable & internet included. Close to Lake Michigan, Soldier Field, Chinatown and Museum Campus.
Additional notes: Last sold in 2003 for $200,000.


2310 South Canal Street Unit 208
Size: 1 bed, 1 bath (square footage not listed)
Price: $165,000
Broker babble translation: Commuters delight — walk to CTA and easy access to the highway. This brick and timber loft has 11' ceilings and hardwood throughout living areas. Updated kitchen and bath with big balcony off the living room. There is a lot of storage in the home, and a good sized storage locker included. Shopping and dining all in a stones throw. Deeded garage parking included.
Additional notes: Last sold in 2009 for $150,000.
·Lofty Living archives [Curbed Chicago]
·Under $500K Club archives [Curbed Chicago]