That home, unit #304, has 1,135 square feet and a 14.5-foot wide balcony off the back of the building, facing northeast. The loft is priced in the $390s; garage parking is an additional $30,000. Although Baer Lofts did not receive FHA approval as a whole, Vesole said it may be possible to obtain spot approval for the one unit, since more than half of the building’s homes have already sold.
The other three lofts will become rentals for the time being, Vesole says. Two of those have the same floor plan as the remaining for-sale unit and were last priced in the $380s and $550s. Monthly rents for those lofts are $2,300 and $3,250, according to new listings on the MLS.
Vesole took me through the 16-unit loft building at 1927 N Milwaukee Ave in late May, shortly after his team took over sales there. You can watch a video of our tour below.