1040 W Adams | West Loop

1040 W Adams | West Loop

1040 W Adams Building News

Our Exclusive Offer to 1040 W Adams Residents

 Offering a 30% Buyer Commission Rebate & 1% Full-Service Listing Fees | Exclusive to No. Ten Lofts Residents

Monthly Property Analysis | April

The most recent 5 properties to hit the market at 1040 W Adams sold in an average of 7 days at 103% of asking price. Properties in the building for both rent and sale are flying off the market significantly faster than average for the West Loop.  There are currently 2 units under contract that accepted an offer during their first weekend on the market. This tells us demand is high in the building, buyers are motivated and moving quickly, and property value is increasing. It also suggests sellers have more leverage heading into 2024 peak season and can justify higher asking prices with favorable contract terms. 

Property Metrics | Average List Days: 7 | Average Price Per Square Foot: $411 | Average 1 Bedroom Sale Price: $334,000 | Average 2 Bedroom Sale Price: $500,000

Our Exclusive Offer to 1040 W Adams Residents

 1% Full-Service Listing Fees | Exclusive to No. Ten Lofts Residents

Monthly Property Analysis | May

There is 1 unit under contract at 1040 W Adams, which accepted an offer after its first weekend on the market. There’s 1 unit currently for sale that was previously under contract and recently re-listed.  So far in 2024, all units for sale went under contract in less than 12 days and sold above asking price. Inventory in West Loop is significantly lower than demand, the most recent 5 properties to hit the market at 1040 W Adams sold in an average of 7 days at 103% of asking price. Properties in the building for both rent and sale are flying off the market significantly faster than average for the West Loop.  

Property Metrics | Average List Days: 12 | Average Price Per Square Foot: $431 | Average 1 Bedroom Sale Price: $337,000 | Average 2 Bedroom Sale Price: $504,000

No. Ten Lofts is a prominent figure in the West Loop footprint, standing 4 stories high and nearly a full city-block wide. The historic commercial building was constructed with the highest standard of quality and safety. In 2006 it underwent the transition to residential lofts, maintaining its authentic charm with exposed brick and timber wood ceilings, while upgrading to integrate modern luxuries. No. Ten Lofts1040 W Adams is now a luxury Chicago loft building that is centrally located in Chicago’s bustling West Loop neighborhood, yet tucked away on a quiet tree-lined street. The West Loop neighborhood is adjacent to the Loop, making No. Ten Lofts location perfect for professionals and those eager to be near the epicenter of museums and other Chicago cultural crown jewels. Within 259 units ranging from studios to 3 bedrooms, you’ll find a floor plan to meet every need. Let’s take a peek inside.

A step inside 

Of the 259 units within the building, each one is spacious with open floor plan and soaring ceilings, allowing for privacy without sacrificing space. Each unit offers private outdoor space, hardwood floors, and tons of light. Every detail of the condominiums features thoughtful design and effortless charm and style.

Best of all, the building has 3 distinct courtyards, with all units occupying the courtyard level boasting a large private patio surrounded by gorgeous landscaping.  This feature enables owners to seamlessly transition from busy city-life into a quiet, tranquil oasis that is a truly unique opportunity for the area.

Posh perks 

The building’s high-end amenities coupled with flawless management and maintenance make for truly effortless living. Services are available 24 hours a day, with package receiving and door staff securing the building and available day or night for any need. The gym is also a major perk, with top-rated equipment from Pelotons to treadmills, row machines, a weight rack, and more.  Another unique feature is the buildings yoga room, offering free classes exclusively to residents. For those remote workers, there’s a business center with a private meeting room, computers, and printers at your disposal. Entertaining is made easy in the buildings movie theater room, and a club room complete with a sound system, kitchen equipment, a pool table, and outdoor space. Residents of No. Ten Lofts can relax into a luxury lifestyle, in a building that’s as well taken care of as the residents are.

Community appeal

Located in the heart of West Loop, 1040 W Adams provides the highest accessibility to everywhere you need to go in the neighborhood, while coming home to quiet living on a tree-lined street. Situated in one of Chicago's most sought-after communities, the shops and amenities available make this building’s location one of its best features. Whole Foods and Mariano’s are around the corner to keep the kitchen stocked, along with numerous boutique grocers and liquor shops to keep truly anything that you may want at your fingertips.

For a night out, Chicago’s hottest bars offering atmospheres and drink menus to suit any mood are just a couple blocks away. The West Loop neighborhood is home to the famous ‘restaurant row’ and several of the city’s Michelin starred restaurants, 3 of which are part of world-renowned celebrity chef Grant Achatz’s The Alinea Group.

Schools in the area include top-rated Skinner West Elementary, The Intercultural Montessori School, and Merit School of Music. The University of Illinois and The Chicago-Kent College of Law are right next door.

Community spaces to enjoy the outdoors are abundant around No. Ten Lofts.  Bartelme Park is a 4-minute walk away.  Here you will find expansive open grass area, a playground, and dog park. There’s also iconic stainless-steel arches that emit a fine mist of vaporized water on hot Chicago days, cooling off families while immersing the area in a cloud.  In the summer you’ll catch neighborhoods residents strolling through the diverse farmers market on the weekends and movies in the park in the evenings.

Hudson Parker understands the balance between expertise and intentionality. Established as one of the top real estate brokerages in Chicago, Hudson Parker proudly promotes 1040 W Adams as a top place to call home.

Kati Barr

Kati Barr

Lead Real Estate Agent

Are you interested in buying or renting in No. Ten Lofts, located at 1040 W Adams in Chicago’s West Loop? As a resident of the building, I know it well and will provide you with building intel and opportunities that only residents can. If you have a question about the building or a unit for sale or lease, get in touch and I'll be happy to answer your questions or schedule time for you to see the building or any of the units as soon as they become available.

West Loop Neighborhood

West Loop is a vibrant and lively neighborhood located in the heart of Chicago, Illinois. It is situated just west of the Loop and is known for its accessibility, upscale restaurants and bars, shopping, and trendy atmosphere. West Loop is home to the city's most iconic loft residences and ideal Chicago lifestyles, so it’s typical to cross paths with various TV shows and movies filming as you’re strolling through the neighborhood.

The neighborhood is a hub for business and culture, and you’ll find offices to global brands such as McDonalds and Google calling West Loop home.  Residents flock from all over the world in all stages of life and merge to create a neighborhood with a cross-cultural collaboration that’s fit for all.

West Loop is also among the city’s most popular destinations for shopping and dining. You’ll find a number of upscale boutiques and designer stores along tree lined streets, as well as some of the trendiest dining and night-life destinations. Visitors can enjoy everything from famous deli sandwich shops to Michelin star restaurants and can explore a wide variety of bars and nightlife spots.

Despite its high-end reputation, West Loop is a humbling and inviting community. It is home to a variety of residents, including artists, professionals, and families. The neighborhood has a strong sense of community and is known for its active neighborhood associations and community events.

Overall, West Loop is a dynamic and inspiring neighborhood that can make anyone feel at home. Whether you're interested culture, shopping, or dining, you're sure to find something to enjoy in this unique slice of Chicago.

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