Monroe Manor

About the Building

Just a stone's throw from Greektown in Chicago's West Loop, the Monroe Manor residential development was completed as recently as 2003, and it offers some of the city's most impressive and comfortable residences. Located at 845 W. Monroe, the building has 50 individual units with assigned/deeded parking for residents' vehicles. This great building offers residences a number of diverse layouts and an average of 1,150 square feet of living space. The different floorplans range from 1 to 3 bedrooms with a standard master bedroom size of 130 square feet. Generally, the kitchens are 100 square feet, providing plenty of room to prepare a meal for the family, or throw together a banquet-size spread for a few friends at your new home (who knows, maybe you'll even invite over the neighbors for a little meet and greet).

Grand dinner parties or not, sometimes the deal breaker in purchasing a new home is whether or not your four-legged family member is welcome. Well, in case you have a Fido or other furry friend waiting in the wings, you'll be happy to know this residential building is pet friendly. So don't forget to scope out that new spot for the food dish.

In addition to the fundamentals of 845 W. Monroe, it’s important to learn a little something about the cost of living at a place like this in the West Loop neighborhood, such as, how much you might have to pay in assessments and taxes every year. Well, the typical assessments for this charming Chicago residence are $185 per month, in addition to average annual taxes of $2,510. And just to help you see how a piece of real estate here stands up to property in other buildings in the West Loop—or elsewhere in the city—we've compiled the most up-to-date data-in case you want to compare.

The price per square foot for units at 845 W. Monroe is $259, with an average square footage of 1,150. The smallest properties offer 1,150 square feet of living space, while the largest ones encompass 1,000 and above square foot floorplans. The standard length of time a unit in this building stays on the market (between listing and closing) is 96 days. Just to give you an idea of the building's residential real estate value today, a 1-bedroom unit sold for $298,000 in 2004. The average listing price of a home at 845 W. Monroe is just or slightly above the market price, and there are currently few 1-bedroom residences available at this lovely West Loop residential enclave.