River Bank Lofts

About the Building

This handsome Chicago condo building has been around since the 1920s, but it was recently renovated and converted to residential lofts. Located on the edge of the Chicago River, residents enjoy the tranquility of having the river in their back yard, with a private riverwalk and patio for building residents. The building houses 132 separate units with assigned/deeded parking to accommodate residents who own their own vehicles. In addition to the well-maintained craftsmanship of the building, this River North dwelling offers several different layouts with varying numbers of bedrooms and unit size.

On average, the residences in this building provide 957 square feet of living space. The choice of floorplans include anywhere from 1 to 3+ bedrooms, which can range in area from 132 square feet to 168 square feet. But home isn't only about where you lay your head at night-the rest of the place is just as essential when looking for that perfect abode. The cook in the household will find the kitchens here are divine, covering 111 square feet of the entire unit. That's enough room to whip up a delicious five-course meal for the occasional dinner party, which can be hosted in the 381 square-foot dining room. And what would a get-together be without a bit of mingling before sitting down to eat? Good thing there's a large 572 square-foot living room to let your guests roam around, and not even have to worry about bumping elbows.

In addition to the unit basics, you'd probably like to know some of the figures behind the fundamentals-more specifically, what's a place like this in the River North neighborhood of Chicago going to cost? Of course, the numbers change depending on the particular unit, but the average listing price in the building is $324,900. The latest 1-bedroom unit to sell went for $345,000 around 04/11/2007. Now, on top of the asking price, it's important to think about the added expenses residents need to pay in taxes every year. For property in this building, the taxes generally cost $3,658 annually, so factor that in when calculating that mortgage rate.