This loft home boasts 3,500 square feet of wide open space, and no shortage of style and character. The twenty-feet timber ceilings, massive timber columns, and exposed brick exude a warmth and sense of history that you cannot find in new construction.
Listed at $950,000
1000 West Washington Boulevard #141, Chicago, IL (312) 506-0298
listing website
Unfortunately, this building seems to be buried in lawsuits. Currently, according to Cook County's court website, besides the City's lawsuit against the Association for a seeming long laundry list of code violations, there are also ~18 different unit owners (10% of the ENTIRE BUILDING) who are also suing the Association and the individual Board members! On top of that, the Association has, in 2010 alone, filed lawsuits against 8 different unit owners. On a positive note, it appears that 2 unit owners have WON their lawsuits against the building. Either way, the rumors are that the Association has already spent over $400k in legal fees and over $350k in more repairs yet still face on-going potential liabilities in damages, legal fees and code violation fines in excess of another $10 million. I have started to hear rumors, due to all the damages, code violations and lawsuits, that the Association is about to levy yet another massive multi-million special assessment to cover the Association legal fees, costs and damages. Thus, although feel that the West Loop is a great area, I have a lot of questions about this building. SH
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folcklord
20 Jul 2010
3:42 AM
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loftsat1000w
6 Jun 2010
7:59 PM
Unfortunately, this building seems to be buried in lawsuits. Currently, according to Cook County's court website, besides the City's lawsuit against the Association for a seeming long laundry list of code violations, there are also ~18 different unit owners (10% of the ENTIRE BUILDING) who are also suing the Association and the individual Board members! On top of that, the Association has, in 2010 alone, filed lawsuits against 8 different unit owners. On a positive note, it appears that 2 unit owners have WON their lawsuits against the building. Either way, the rumors are that the Association has already spent over $400k in legal fees and over $350k in more repairs yet still face on-going potential liabilities in damages, legal fees and code violation fines in excess of another $10 million. I have started to hear rumors, due to all the damages, code violations and lawsuits, that the Association is about to levy yet another massive multi-million special assessment to cover the Association legal fees, costs and damages. Thus, although feel that the West Loop is a great area, I have a lot of questions about this building. SH