$470,000
●
Commercial -
Off Market
1327 W Washington Boulevard #104
CHICAGO, IL 60607
Studio
0 Bath
$699,945
RealtyHop Estimate
40.02%
Since Sep 1, 2017
IL-Chicago
Primary Model
About This Property
Union Park Lofts 2550 square feet in HOT WEST LOOP on the corner of
Washington/Ada one block from Restaurant Row on Randolph St &
Madison St, 2 blocks from Skinner West Elementary School, 9 min
walk to new McDonald's Campus, 13 min walk to Google Campus! 5
private offices plus utility/washer/dryer/break room in the back &
separate kitchen & full bathroom w/shower. Layout can be easily
reconfigured to your needs since the walls are not load bearing. 9' timber ceilings & brick walls. Common roof deck w/grills &
beautiful view of the city! No rental cap. Perfect for an
owner/user or investment. If you're looking to rent it out, the
nearest comparable commercial loft condo w/similar finishes on
Washington St is listed @ $1.75/SF so I used $1.5/SF as a
conservative estimate which comes out to $3,825/month in rental
income which would be a 6.8% cap rate. The building has secure
entry & very responsive professional management! Free parking in
front of the door! Check out the 3D Virtual Tour
Unit Size
-
Days on Market
-
Land Size
0.39 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$518
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #09601002)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 5, 2024 | Listed by S Hansen Realty Inc. | $499,900 | |
| Listed by S Hansen Realty Inc. | |||
| | |||
|
Welcome to Union Park Lofts on the corner of Washington & Ada, in the vibrant West Loop Neighborhood. Space has 5 private offices, break room, kitchenette, and two private bathrooms. Space boasts 9' timber ceilings & exposed brick walls. Common roof deck access, with grills, patio seating and beautiful view of the skyline. Approved Live/Work space, perfect for an owner/user or investment.
| |||
| Aug 11, 2017 | Sold | ||
| Sold | |||
| Apr 17, 2017 | Listed by Exit Strategy Realty | $499,900 | |
| Listed by Exit Strategy Realty | |||
Property Highlights
Garage
Parking Available
Elevator
Air Conditioning
Interior Details
Flooring Type: Carpet
Exterior Details
Exterior Building Type: Brick
Parcel Number: 17083350281034
Property Type: Commercial Sale
Year Built: 1907
Building Area Total: 60000
Construction Methods: Brick
Lot Size Square Feet: 16968
Lot Size Dimensions: 168 X 101
Financial Details
Tax Year: 2015
Tax Annual Amount: $6,212
Utilities Details
Cooling: Central Air
Location Details
Township: WEST CHICAGO
Directions: Madison west to Ada, north half a block to building entrance, which is on Ada.
County or Parish: Cook
Other Details
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/27/2026
|
2 Bed
|
2 Bath
|
1825 ft²
|
$825,000
2 Bed
2 Bath
1825 ft²
|
$817,000
-0.97%
08/13/2026
|
Ryan McKane
Redfin Corporation
| |
|
04/29/2026
|
2 Bed
|
2 Bath
|
-
|
$725,000
2 Bed
2 Bath
|
$685,000
-5.52%
06/29/2026
|
Mo Dadkhah
Main Street Real Estate Group
| |
|
03/17/2026
|
2 Bed
|
1 Bath
|
1990 ft²
|
$650,000
2 Bed
1 Bath
1990 ft²
|
$650,000
05/06/2026
|
Michael Mandile
Compass
| |
|
11/15/2025
|
Studio
|
2 Bath
|
3125 ft²
|
$580,000
Studio
2 Bath
3125 ft²
|
-
-
|
Ken Jungwirth
@properties Christie's International Real Estate
| |
|
11/04/2025
|
4 Bed
|
3 Bath
|
4575 ft²
|
$2,175,000
4 Bed
3 Bath
4575 ft²
|
$1,963,500
-9.72%
05/04/2026
|
James Gramata
@properties Christie's International Real Estate
| |
|
07/16/2025
|
2 Bed
|
2 Bath
|
1774 ft²
|
$799,900
2 Bed
2 Bath
1774 ft²
|
$810,000
+1.26%
09/19/2025
|
Azin Amiran
Compass
| |
|
07/04/2025
|
2 Bed
|
2 Bath
|
2000 ft²
|
$899,900
2 Bed
2 Bath
2000 ft²
|
$887,188
-1.41%
08/26/2025
|
Peter Constance, ABR,GRI
@properties Christie's International Real Estate
| |
|
10/02/2024
|
3 Bed
|
2 Bath
|
3400 ft²
|
$1,175,000
3 Bed
2 Bath
3400 ft²
|
-
-
|
Natasha Motev
Jameson Sotheby's Intl Realty
| |
|
04/23/2025
|
4 Bed
|
3 Bath
|
4575 ft²
|
$2,299,000
4 Bed
3 Bath
4575 ft²
|
-
-
|
James Gramata
@properties Christie's International Real Estate
| |
|
03/06/2025
|
2 Bed
|
2 Bath
|
1743 ft²
|
$645,000
2 Bed
2 Bath
1743 ft²
|
$656,000
+1.71%
05/05/2025
|
Ivona Kutermankiewicz
Berkshire Hathaway HomeServices Chicago
| |
|
02/05/2024
|
Studio
|
-
|
-
|
$699,900
Studio
-
|
-
-
|
Amber Toledo
S Hansen Realty Inc.
| |
|
02/05/2024
|
Loft
|
-
|
-
|
$499,900
Loft
-
|
-
-
|
Amber Toledo
S Hansen Realty Inc.
| |
|
12/13/2023
|
4 Bed
|
4 Bath
|
4575 ft²
|
$2,335,000
4 Bed
4 Bath
4575 ft²
|
-
-
|
James Gramata
@properties Christie's International Real Estate
| |
|
05/12/2023
|
Loft
|
-
|
5300 ft²
|
$1,762,000
Loft
-
5300 ft²
|
-
-
|
Michele Miller
Jameson Sotheby's Int'l Realty
| |
|
06/16/2022
|
3 Bed
|
2 Bath
|
1875 ft²
|
$749,900
3 Bed
2 Bath
1875 ft²
|
$820,800
+9.45%
08/26/2022
|
Leigh Marcus
@properties Christie's International Real Estate
| |
|
09/30/2021
|
2 Bed
|
2 Bath
|
1736 ft²
|
$575,000
2 Bed
2 Bath
1736 ft²
|
$580,000
+0.87%
12/20/2021
|
Brad Lippitz
Compass
| |
|
07/07/2021
|
3 Bed
|
2 Bath
|
2050 ft²
|
$790,000
3 Bed
2 Bath
2050 ft²
|
$805,000
+1.90%
09/28/2021
|
Chad Downie
@properties
| |
|
06/01/2021
|
1 Bed
|
2 Bath
|
1790 ft²
|
$520,000
1 Bed
2 Bath
1790 ft²
|
$510,000
-1.92%
08/17/2021
|
Anthony Adams
Baird & Warner
| |
|
09/10/2020
|
2 Bed
|
2 Bath
|
1900 ft²
|
$799,900
2 Bed
2 Bath
1900 ft²
|
-
-
|
-
| |
|
06/17/2020
|
2 Bed
|
2 Bath
|
1700 ft²
|
$570,000
2 Bed
2 Bath
1700 ft²
|
-
-
|
-
| |
|
05/07/2019
|
1 Bed
|
2 Bath
|
1790 ft²
|
$550,000
1 Bed
2 Bath
1790 ft²
|
$460,000
-16.36%
10/31/2019
|
Sara McCarthy
| |
|
08/23/2018
|
2 Bed
|
2 Bath
|
2050 ft²
|
-
2 Bed
2 Bath
2050 ft²
|
-
-
|
-
| |
|
04/17/2017
|
Loft
|
-
|
-
|
$499,900
Loft
-
|
$470,000
-5.98%
08/11/2017
|
Helen Ibrahim
EXIT Strategy Realty
| |
|
04/05/2017
|
2 Bed
|
2 Bath
|
2000 ft²
|
$650,000
2 Bed
2 Bath
2000 ft²
|
$645,000
-0.77%
05/31/2017
|
Teresa Griffith
Jameson Sotheby's Intl Realty
| |
|
03/30/2017
|
3 Bed
|
1 Bath
|
1825 ft²
|
$711,000
3 Bed
1 Bath
1825 ft²
|
$645,000
-9.28%
06/27/2017
|
Stephanie Wesson
@properties Christie's International Real Estate
| |
|
04/15/2008
|
2 Bed
|
2 Bath
|
2100 ft²
|
$499,900
2 Bed
2 Bath
2100 ft²
|
$485,000
-2.98%
05/27/2008
|
Stephanie Cutter
Coldwell Banker Realty
|
Building Info
1327 West Washington Boulevard
1327 West Washington Boulevard, Chicago, IL 60607
- 1 Unit for Sale
About West Side
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Listed by: , Exit Strategy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09601002
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09601002
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