Tower Lofts

About the Building

Located at 1601 W. School, vintage high-rise condo building in the popular Lakeview neighborhood offers a window to the past while providing some of the most comfortable and fashionable residences on Chicago's north side. The Tower Lofts offer authentic lofts with vaulted ceilings, floor-to-ceiling windows and wide open spaces. The building was constructed in 1916 and served for decades as host to a Wieboldt's department store. Since the building's renovation and subsequent conversion for residential use, the building has been divided into 80 separate lofts.

The Tower Lofts development offers units in a number of different layouts. The various floorplans include anywhere from 1 to 3 bedrooms. Typically, the living rooms are 342 square feet, providing plenty of space to host a Super Bowl party or your child's sleep-over. Although, with second bedrooms being 132 square feet on average, your kids and their little buddies will have enough space to camp out on the floor in their own room if they want.

The units at 1601 W. School are quite spacious, but sometimes the penthouse itself isn't enough to keep your interest if you're not allowed to bring your beloved pet along to the new abode. Not to worry, this residential building welcomes the four-legged members of the family as well, so start packing up Fluffy's things and picking out the perfect new spot for that paw-print water bowl.

In addition to the building history and layout, you’re probably interested in learning about how much you should anticipate paying in taxes and monthly assessments. Well, the most recent research from homeowners in this sought-after Lakeview dwelling shows the average assessments cost $193 per month. And just to help potential residents-such as yourself-get a better idea of how real estate in this building is faring these days, we've compiled the latest data on the purchase history and current conditions for the Tower Lofts.

The price per square foot for property in the Tower Lofts is $301, and room the time it is listed to the time it sells, the standard length of time a unit in this building stays on the market is 80 days. Just to give you a ballpark figure on the typical price for a place here, a 1-bedroom most recently sold for $273,900 in August of 2007.