West Loop Updated Condo

1645 W Ogden Avenue #722, Chicago, IL 60612

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For Sale

$402,500

Updated 2-bedroom condo in vibrant West Loop location.

Type:Condominium

Property size:

1,320 SF

Price / SF:

$304/SF

HighLights

Prime West Loop location: close to Skinner Park/Elementary, Fulton Market, United Center, dining, shopping, and entertainment.
Completely remodeled primary suite (2023) with custom tile walk‑in shower, double vanity, and built‑out closet.
Soaring 13‑foot ceilings and a 25‑foot private balcony create an open and inviting living space.
Updated kitchen with floating shelves, sleek white cabinetry, Bosch dishwasher, and brand‑new appliances.
Versatile den perfect for a home office, creative studio, or reading retreat.
Move‑in ready with newly stained hardwood floors, new interior doors, fresh carpet in the second bedroom, and electric blackout blinds in the primary.

We can help!

Contact an agent

Michelle Arseneau

For Sale

$402,500

Updated 2-bedroom condo in vibrant West Loop location.

Type:Condominium

Property size:

1,320 SF

Price / SF:

$304/SF

Added:: Jun 3, 2025
Days on Market:: 401
Last Refresh:: Jun 28 at 8:48 pm

Property Features for 1645 W Ogden Avenue #722

General Information

Standard status: Active
Size: 1,320 SF
Property subtype: Condominium

Building Details

Year Built: 2006

We can help!

Contact an agent

Michelle Arseneau

Listing office Coldwell Banker Realty

Listing date Jun 3, 2025

Source Kw

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

HighLights

Prime West Loop location: close to Skinner Park/Elementary, Fulton Market, United Center, dining, shopping, and entertainment.
Completely remodeled primary suite (2023) with custom tile walk‑in shower, double vanity, and built‑out closet.
Soaring 13‑foot ceilings and a 25‑foot private balcony create an open and inviting living space.
Updated kitchen with floating shelves, sleek white cabinetry, Bosch dishwasher, and brand‑new appliances.
Versatile den perfect for a home office, creative studio, or reading retreat.
Move‑in ready with newly stained hardwood floors, new interior doors, fresh carpet in the second bedroom, and electric blackout blinds in the primary.

Overview

This updated condo in the West Loop features 2 bedrooms, a den, and 2 bathrooms. The unit boasts 13-foot ceilings and a 25-foot private balcony. The layout includes a living area with a fireplace. The den can serve as a home office or creative studio. The kitchen is equipped with floating shelves, white cabinetry, a Bosch dishwasher, and new appliances. The primary suite, remodeled in 2023, includes a custom tile walk-in shower, double vanity, and a built-out closet. Bedroom walls extend from floor to ceiling. Additional updates include newly stained hardwood floors, new interior doors, and new 2024 carpet in the second bedroom, and electric blackout blinds in the primary bedroom. The property is located near Skinner Park and Skinner Elementary, close to Fulton Market and the United Center, with access to dining, shopping, and entertainment. Public transportation and expressways are easily accessible. The property size is 1320 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.8k	$29.40
− Vacancy	−$2.0k	−$1.53
EGI	$36.8k	$27.87
− OpEx	−$16.6k	−$12.54
NOI	$20.2k	$15.33

1,320 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$289.1K

$252.9K – $337.2K (±1% cap)

NOI $20,234 @ 7.0% cap · market cap 5.03%

Second Best

—

no second resolved use

Theoretical Best

Office A

$622.4K

$544.6K – $726.1K (±1% cap)

NOI $43,566 @ 7.0% cap · market cap 10.82%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Lakeview Digesive Disease ... Physician Millennium Business Machines Industrial Manufacturer Marie Antonette Designs ... Interior Design Sewertech Services General Contractor Digital Rendition Electronics & Wireless Store

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6676421
Latitude: 41.8796916

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For sale
Apartment buildings
IL
Chicago
60612
1645 W Ogden Avenue #722

What type of property is this?

Apartment building - Updated 2-bedroom condo in vibrant West Loop location.

Where is this apartment building located?

The property is located at 1645 W Ogden Avenue #722 Chicago, IL.

What is the asking price?

The asking price for this property is $402,500.

What are key features of this property?

This property features: Prime West Loop location: close to Skinner Park/Elementary, Fulton Market, United Center, dining, shopping, and entertainment.; **Completely remodeled primary suite (2023) with custom tile walk‑in shower, double vanity, and built‑out closet.**; **Soaring 13‑foot ceilings and a 25‑foot private balcony create an open and inviting living space.**