Chicago Rental: Unlikely Loft in Old Town

Rent a Loft in Chicago's Old TownThis one-bedroom, remodeled loft in Old Town can't be equated with many of the structures that are found in this historic, Victorian district of downtown. As part of the Cobbler Square complex (which is currently running rent specials), this sweet rental is $1,695 for approximately 950 square feet of space. The complex features loft-like units with 12-foot ceilings and 8-foot windows, instead of the small, chopped-up floor plans found in many Old Town residences.

Not only are these open, lofty spaces with exposed brick walls cool, they're located along one of the most charming strips in Chicago: North Wells Street. Lined with shops, restaurants and pubs, and home to the annual Old Town Art Fair, the neighborhood is lively year-round.
Even in the winter (a time of year to especially consider along with the blistering Chicago summers), the location one-ups other rentals.

First, it's easy on those foot-of-snow nights to just throw on your boots and walk to a local eatery or bar. You don't have to drive.

Another advantage: The architecture which connects separate buildings to a domed rotunda, creating interior courtyards with trees and other plants. When you are dying to flee your one-bedroom, and it's snowing or raining outside, there couldn't be an easier place to "get out" to, and make those winter blues subside.

Other amenities to enjoy year-round in the seven-building residence include onsite ZipCars; a rooftop terrace and hot tub; a 24-hour fitness center and concierge; and emergency maintenance.

If this one-bedroom isn't suitable, Cobbler Square offers 42 different floor plans. Studios around 500-square-feet range from $1,265 to $1,335. One-bedroom, one-bath units with around 950 square feet range from $1,695 to $1,745. A two-bedroom, one-bath is around $2,105 for 1,200-square-feet, whileba two-bedroom, two-bath ranges from $2,460 to $2,585 for roughly the same square footage.

According to the Chicago Apartment Finders website, Cobbler Square's prices start at about $65 higher than average for studios in Old Town. For a two-bedroom, however, the differential is approximately $280.

Considering the quality of the units and additional conveniences (covered parking, proximity to public transportation, gated access), you might very well reason that the rent is fairly priced. But with the real estate company currently advertising "rent specials" on some of its units, like a one-bedroom priced at $1,745 dropped to $1,675, you might try negotiating. (Especially since a savings of $70 will barely buy you and a friend a burger and drink at Old Town's 33 Club for your monthly reunion.)

In my opinion, with many rentals offering free month's rent or including utilities, no matter how badly you want to live here (and snap up a loft space in Old Town), drive a hard bargain.

Read about more Sweet Chicago Rentals or find your own in our listings.

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