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River North Lofts - Market Overview
River North is a vibrant neighborhood with a variety of real estate options to choose from. River North is also home to one of the largest concentration of lofts in the city of Chicago. There is something romantic and exciting about living in a loft. A loft has character and a history not found in many of the other cookie cutter buildings in River North and other neighborhoods in Chicago.
River North features approximately 20 "true" loft buildings varying in size from very small boutique buildings with just 5 units in the entire building (215 W. Huron) to huge former warehouses like 900 N Kingsbury with almost 300 units.
Pricing for lofts in River North is similar those of traditional condos with some lofts starting as low as $200,000 and going up to $5,000,000 for very large penthouse lofts in buildings such as 676 N Kingsbury - The Ronsley, which was recently converted in 2018 and features luxurious finishes.
Our Favorite Loft Buildings In River North
Each of the following loft buildings has some unique element that makes it one of our favorites.- 676 N Kingsbury - The Ronsley - The newest loft building in River North with luxurious finishes.
- 360 W Illinois - Sexton Lofts - Great location next to East Bank Club, and offers both timber & concrete style loft residences.
- 154 W Hubbard - Spacious floor plans and unique rooftops for the penthouse units.
- 319 W Erie - The building has an impressive facade and was designated a historical landmark by the city of Chicago.
- 758 N Larrabee - One River Place - Impressive views for West facing lofts overlooking the Chicago River.
- 550 N Kingsbury - Good location near East Bank Club and some units face the Chicago River.
Pros & Cons Of Loft Living In River North
When purchasing or renting a loft, it is often easy to get caught up in the excitement of a new home. The following are some things to consider that are both benefits and drawbacks of loft lifing in River North.
Pros- Tall Ceilings & Open Space - This is one of the most appealing features that our clients are looking for in their loft search.
- Big Windows & Natural Light - Lofts tend to have larger windows and provide good natural light. However, River North does have many lofts with interior bedrooms that often only have a wall that goes up 3/4 of the height - resulting in a lack of privacy, sound transmission from the main living areas, and little natural light.
- Character - Many lofts in River North have character from the building exterior, heavy timber beams, exposed brick walls, exposed concrete ceilings / columns and ductwork.
- Sound Transmission - This is most often found in timber lofts that may not have substantial insulation between floors so you may hear your neighbor upstairs when they are walking. This can be avoided by focusing your search on concrete lofts or timber lofts on the top floor of a building with no one above you.
- Lack Of Amenities - Since many of the loft buildings were converted in the 1990s and 2000s, some building do not have much in the way of amenities.
- Higher Utility Bills - Taller ceilings make heating and cooling more expensive in lofts compared to traditional condos.
Connect With Us
Get In Touch
An-An Ku | Broker
Urban Living Properties
Email » AKu@RiverNorthCondos.com
Phone » +1 (630) 715-7392