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Park 1500

Park 1500

Park 1500
Condominium Building
1500 W Monroe St
Chicago, IL 60607-2413
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

175 Units
8 Stories
1910 Year Built
$151K - $809K Value Range

Available Units

For Sale
For Rent

Highlights

  • Doorman
  • Skinner Elementary School Rated A-
  • Elevator
  • Rooftop Deck
  • Open Floorplan
  • 5 min walk to Skinner Park

Historic West Loop loft living with modern comforts

Park 1500, an 8-story condominium building in Chicago's vibrant West Loop, stands as a testament to the neighborhood's industrial past and its dynamic present. Constructed in 1910, this 175-unit building has been thoughtfully adapted to meet the needs of contemporary urban dwellers. The structure retains its authentic loft character with soaring timber ceilings and exposed brick walls, while offering the conveniences expected in modern city living. Its location across from Skinner Park provides residents with a green oasis in the heart of one of Chicago's most sought-after neighborhoods, known for its thriving restaurant scene and proximity to downtown.

Spacious lofts with character-rich details and flexible layouts

Park 1500 offers a range of floor plans to suit various lifestyles, from cozy one-bedrooms to expansive three-bedroom units. One-bedroom layouts span from 700 to 1,200 square feet, with up to 1.5 bathrooms, and are priced from $250,000 to $262,000. These units often feature 14-foot ceilings, hardwood floors, and large windows that flood the space with natural light. Two-bedroom units, ranging from 920 to 2,400 square feet with 1 to 3 bathrooms, are available from $289,000 to $400,000. Many of these homes boast split floor plans, offering privacy and versatility. Some units include a den or office space, perfect for those working from home. The most spacious offerings are the three-bedroom units, measuring 1,400 to 2,200 square feet with 2 to 2.5 bathrooms, priced around $720,000. These premium residences often feature corner locations with multiple exposures, providing stunning city views. Throughout the building, residents enjoy authentic loft details such as exposed brick walls, timber beams, and expansive windows. Many units have been updated with modern kitchens featuring stainless steel appliances, granite countertops, and custom cabinetry. Bathrooms in renovated units often include spa-like amenities such as dual vanities and oversized showers. A standout feature in many units is the private balcony, offering a perfect spot for al fresco dining or enjoying the Chicago skyline. In-unit laundry, central heating and cooling, and gas fireplaces are common across many floor plans, adding convenience and comfort to the industrial-chic aesthetic. Monthly HOA fees range from $300 to $600, covering water, parking, doorman services, and snow removal, providing residents with a worry-free living experience in this historic building.

Secure living with urban conveniences

Park 1500 offers a blend of practical amenities and services designed to enhance the urban living experience. The building's secure entry system and 24-hour door staff provide peace of mind for residents, while the package receiving service ensures convenience in the age of online shopping. For those with vehicles, the building offers deeded parking spots in a secure garage, a rare commodity in the bustling West Loop. Additional storage units are available, allowing residents to maximize their living spaces without sacrificing storage needs. The building's elevator ensures easy access to all floors, while the on-site management team is readily available to address any concerns or maintenance needs. A sundeck provides a communal outdoor space for residents to relax and socialize, offering views of the surrounding neighborhood. Park 1500 is a pet-friendly building, recognizing the importance of furry companions in city living. The building even provides dog bags, a thoughtful touch for pet owners. While the building may not boast extensive luxury amenities, its location across from Skinner Park effectively extends residents' outdoor living space, offering access to tennis courts, a running track, and green spaces just steps from their front door.

A culinary haven with a vibrant urban pulse

The West Loop, once Chicago's meatpacking district, has transformed into one of the city's most dynamic neighborhoods. Park 1500 sits at the heart of this evolution, offering residents easy access to the area's renowned dining scene, trendy shops, and cultural attractions. Just steps away, Randolph Street's famed "Restaurant Row" beckons food enthusiasts with an array of culinary experiences. From the three-Michelin-starred Smyth to the innovative small plates at Girl & the Goat, the neighborhood is a gastronomic playground. The nearby Fulton Market District adds to the dining options with hotspots like The Publican and Au Cheval. For everyday needs, residents have multiple options within walking distance. Whole Foods and Mariano's, both about a 20-minute walk away, offer quality groceries. The West Loop is also home to boutique fitness studios and gyms, including CrossTown Fitness and West Loop Athletic Club, catering to health-conscious residents. Green spaces abound, with Skinner Park directly across the street providing a 7-acre oasis with sports facilities and a community garden. Union Park, just a short walk away, hosts summer music festivals and offers additional recreational amenities. The neighborhood's vibrant nightlife centers around the bars and lounges on Madison Street, while cultural attractions like Soho House Chicago add to the area's cosmopolitan feel. The proximity to downtown Chicago and the Loop means world-class museums, theaters, and shopping are just a short trip away. For families, the highly-rated Skinner Elementary School is within walking distance, adding to the neighborhood's appeal for a diverse range of residents. The West Loop's mix of converted warehouses, new construction, and historic buildings creates a unique urban landscape that continues to attract young professionals, families, and empty nesters alike.

Well-connected urban living with multiple transit options

Park 1500's location in the West Loop offers residents a variety of transportation options, making it easy to navigate the city and beyond. The building's high walk score is evident in the numerous amenities within strolling distance, from restaurants and shops to parks and public transit stops. For those relying on public transportation, the area is well-served by both bus and rail options. The Madison & Laflin bus stop is less than a five-minute walk from the building, providing quick access to the #20 Madison bus line that runs through the heart of the Loop. Additionally, the Ashland & Madison stop, just a five-minute walk away, connects residents to the #9 Ashland and #X9 Ashland Express bus lines, offering efficient north-south travel. Rail commuters have several nearby options. The Ashland Station, serving the Green and Pink Lines, is about a 10-minute walk from Park 1500. This station provides direct access to the Loop and connections to other parts of the city. The Blue Line's Racine Station is also within walking distance, offering a direct route to O'Hare International Airport and downtown Chicago. For those preferring to cycle, the West Loop's bike-friendly infrastructure makes it easy to navigate the neighborhood and beyond on two wheels. Many streets feature dedicated bike lanes, and the area's flat terrain is ideal for cycling. Drivers will appreciate the building's proximity to major thoroughfares. The I-290 Eisenhower Expressway is easily accessible, providing quick routes to the western suburbs and connecting to other major highways. For air travel, Chicago Midway International Airport is about a 15-minute drive, while O'Hare International Airport can be reached in approximately 25 minutes by car. The combination of walkability, public transit options, and easy highway access makes Park 1500 an ideal home base for exploring all that Chicago has to offer, whether commuting for work or enjoying the city's many attractions.

Available Condos

Building Details

Recreation

  • Bike Trail

Outdoor Features

  • Sundeck
  • Common Area

Amenities

  • Doorman
  • Rooftop Deck
  • Package Room
  • Community Storage Space
  • Resident Manager or Management On Site
  • Controlled Access

Parking

  • 1 Parking Garage Space Per Unit
  • 1 Car Garage
  • On-Site Parking

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed

Condo Association

  • $393 Monthly HOA Fees
  • Monthly HOA Fees Range from $287 - $991
  • Association fees include insurance, doorman, lawn care, scavenger, snow removal
  • Manager Association, Phone Number (312) 666-5209
  • Park 1500 Lofts Subdivision
  • Property managed by First Service Residential

Building Design

  • Elevator
  • Fire Sprinkler System
  • High-Rise Condominium
  • Lobby

Unit Features

  • Open Floorplan
  • Laundry Room
  • Washer and Dryer Hookup
  • Balcony

Activity

Views

107

Unit Information

Unit
219
Beds
1 Bed
Baths
1 Bath
Sq Ft
950
Price
$289,000
Price / Sq Ft
$304 / Sq Ft
List Date
07/16/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
502 - 1,515
Est. Values
$150,692 - $374,667
1 Bedroom Units
Sq Ft Range
700 - 1,000
Est. Values
$151,272 - $504,938
2 Bedroom Units
Sq Ft Range
1,000 - 2,400
Est. Values
$251,147 - $714,180
3 Bedroom Units
Sq Ft Range
2,195 - 2,200
Est. Values
$281,000 - $808,825
All Units
Sq Ft Range
502 - 2,400
Est. Values
$150,692 - $808,825

Map

Area Factors

Biker's Paradise

Bike Score®

92 / 100

Very Walkable

Walk Score®

89 / 100

Excellent Transit

Transit Score®

81 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

68 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$2.4K - $45.1K
Range of Taxes in Building
$204 - $13,533
Range of Taxes per Sq Ft
$0.24 - $8.46

Property Tax History

Source: Public Records

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