WEST LOOP — A massive penthouse timber loft at 14 N. Peoria St. Unit 5F-G is listed for $1,749,900.
John O'Neill and Ryan Preuett with Conlon/Christie's International Real Estate are co-listing the 4,000-square-foot unit with four bedrooms and four bathrooms.
"This loft fits the whole package for a luxury buyer. It's not easy to find a great loft in this current market, but finding one that is over 3,000 square feet at that, and has parking, is very rare," O'Neill said.
"To find one at this location, meaning right in the center of the widely known West Loop development boom of hotels, offices and restaurants, is the biggest selling point. The view here is the kicker: As a loft buyer you just don’t expect this much light and views, normally you're buying it because you love the character, ceiling heights and the history and you have to sacrifice light and views but not in this case."
This massive loft is a combined unit that takes up the northeast corner of one level of the building. There are also no load-bearing walls, so the floor plan could be reconfigured.
The unit has exposed timber and hardwood floors throughout, and the open floor plan allows for a big kitchen with an island and granite countertops, expansive dining area and living area, and separate sitting areas/bonus areas. Seventy-feet of east-facing windows offer tons of light and incredible skyline views.
"The home is beautiful as-is, but at this price point, a buyer could also install very high end kitchen appliances and and more luxurious baths and still be all-in at an attractive price per foot," O'Neill said. "You can buy new construction nowadays, and you can always upgrade units, but someone looking at this home is buying it for the space/view/rarity and the A-plus location. We aren’t building more lofts so they are a very rare commodity right now."
Two indoor parking spaces are also included in the sale price with this condo, and additional spaces available for rent if needed. Assessments are $1,045 per month.
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