Welcome home to this spectacular 2-bedroom, 1-bathroom loft perched on the top floor of the iconic Candy Factory Condominiums in the heart of Ravenswood. Rarely available and impossible to replicate, this former candy factory conversion is the definition of one-of-a-kind Chicago living. Soaring 13-foot timber ceilings, exposed brick, wall-to-wall windows, and a wood burning fireplace create a warm, dramatic space that is equal parts character and comfort. The open-concept floor plan lives large, and the loft in the guest bedroom is perfect as a guest nook or private retreat. The kitchen and bathroom have been thoughtfully refreshed with modern choices, all while maintaining the character and uniqueness of the space. Additional highlights include hardwood floors, a tankless water heater, an updated washer and dryer, smart thermostat, and modern light fixtures throughout. Move right in and not have to touch a thing. Outside your door, a shared fenced-in side yard with a paver patio, grill, and gardening space offers a rare outdoor escape in the city. Storage and one exterior parking space are included. And the location could not be better: a true walker's paradise, just steps from the Ravenswood Metra, Winnemac Park, Mariano's, and some of the best dining and retail the neighborhood has to offer. Space like this, at this price point, does not come around often.
Ravenswood, located between Uptown and Lincoln Square, is a residential and industrial Chicago neighborhood with a leafy streetscape and a rail-lined commercial spine. Much of its texture comes from brick two-flats, courtyard buildings, and converted lofts tucked along the Metra tracks. The neighborhood’s character concentrates around the Ravenswood Metra station area at Lawrence Avenue and Ravenswood Avenue, where breweries, coffee counters, and small studios cluster under the rumble of passing trains. Community pillars include Begyle Brewing, Dovetail Brewery, and the Ravenswood ArtWalk, which opens working studios to the street. Winnemac Park adds open lawns and ballfields, while the Damen Brown Line keeps the grid connected to the rest of the North Side.
Provided by Walk Score and Local Logic
Market insights
5001 N Wolcott Ave #204 · $450,000
DAYS ON MARKET
18 days
The average home goes pending in 49 days.
SALE-TO-LIST
100.2%
Most homes are selling 0% above list price.
LIST PRICE
$450,000
Median sale price in this area is $329,349. (27% lower than this home)
PRICE DROP
0 price drops
11% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Storage
Wood-burning fireplace in the living room
Five total rooms
Bedrooms
Two bedrooms (master 10 x 14; additional bedroom 9 x 12)
Bathrooms
One full bathroom
Kitchen
Range
Microwave
Dishwasher
Refrigerator
Eating area with breakfast bar and island
Pantry/closet
Stainless steel appliances
Garbage disposal
Laundry & utility
In-unit laundry with washer and dryer
Flooring
Hardwood floors
Heating & cooling
Natural gas forced-air heating
Central air conditioning
Exterior features
Fenced
Common lot dimensions
Access to commuter bus and train; interstate access; school bus service
Home design
Attached single-style condo/loft
Entry level: 2
Part of an 11-unit building
Rehab completed in 2010
Building over 100 years old
Brick construction
Parking
One parking space assigned and owned
Off-street parking accessible from alley
Asphalt surface
Security
Security door locks (association amenity)
Construction
Brick construction
Built before 1978
Rehab year 2010
Utilities
Lake Michigan water source
Public sewer
Electric service with circuit breakers
HOA & community
Monthly association fee of $368
Association fee includes water, parking, insurance, exterior maintenance, lawn care, and scavenger service
Manager off-site
Association amenities include bike room/trails, storage, and security door locks
Pets allowed (cats and dogs); large maximum pet weight recorded
Other
Parcel number available
Property not currently leased
Electricity and solar
View estimated energy costs and solar savings for this home
Spectacular, rarely available 2 bedroom, 1 bathroom loft in Ravenswood! Located in a former candy factory, this home features an open concept floor plan with 13' timber ceilings, exposed brick, wall to wall windows, wood burning fireplace, hardwood floors, and loads of character! Bonus loft in the guest bedroom is perfect as a kids nook, extra sleeping space, or storage. This home has been lovingly cared for and has gone through extensive updates in the last few years. Refinished hardwood floors, all new mechanicals including tankless water heater, in-unit washer/dryer, smart thermostat, and modern light fixtures and finishes updated throughout. The kitchen features new stainless steel appliances, refinished counter tops, and new cabinet fronts. Bathroom features all new vanity, lighting, and matte black plumbing fixtures. You can move right in and not have to touch a thing! Storage and one exterior parking space included. Bonus (shared) fenced in side yard with beautiful paver patio, grill, table/chairs and gardening space. Walk to the Ravenswood Metra, Winnemac Park, Mariano's, and so much more.
MRED as Distributed by MLS Grid #10053672
Sep 28, 2018
Sold (MLS) (Closed Sale)
$305,000
$287/sq ft
Sep 21, 2018
Pending
—
Sep 6, 2018
Contingent
—
Sep 4, 2018
Relisted (Reactivated)
—
Aug 21, 2018
Contingent
—
Aug 16, 2018
Listed (New)
$305,000
$287/sq ft
+7
Rarely available top floor, corner, brick and timber unit in Candy Factory Lofts. This truly unique space boasts a large open floorplan, 13' timber and beam ceilings, exposed brick, massive windows in the living space as well as windows in both bedrooms, wood burning fire place, bonus sleeping/ misc. use loft, in unit laundry, hard wood floors throughout, large walk in closet, and so much more! Many meticulous upgrades including updated tile in the kitchen and bathroom, concrete counter tops, painted cabinets and updated hardware, new light fixtures and ceiling fans, enclosed second bedroom, and a beautiful stained glass window, to name a few. The building which is a short walk to Ravenswood Metra and Damen Brown Line, downtown Andersonville and Lincoln Square, dining, shopping, grocery, gyms, and Winnemac Park, also includes large storage space, expertly landscaped usable yard with large updated patio/ grilling area, freight elevator, secure parking and large reserves.
MRED as Distributed by MLS Grid #07304813
Nov 20, 2009
Sold (MLS) (Closed Sale)
$290,000
$273/sq ft
Oct 8, 2009
Pending
—
Sep 23, 2009
Contingent
—
Aug 21, 2009
Listed (New)
$300,000
$282/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,720 (+3.0%)
$11,095 + $19,330
$30,425
2022
$5,554 (−9.2%)
$11,095 + $19,330
$30,425
2021
$6,118 (+6.4%)
$11,095 + $19,330
$30,425
2020
$5,751 (+0.5%)
$5,825 + $19,991
$25,816
2019
$5,724 (+15.7%)
$5,825 + $22,663
$28,488
2018
$4,949 (+16.5%)
$5,825 + $22,663
$28,488
2017
$4,246 (+2.9%)
$4,993 + $18,108
$23,101
2016
$4,127 (+10.0%)
$4,993 + $18,108
$23,101
2015
$3,752 (−0.8%)
$4,993 + $18,108
$23,101
2014
$3,783 (+2.3%)
$3,744 + $19,214
$22,958
2013
$3,697 (+0.7%)
$3,744 + $19,214
$22,958
2012
$3,672 (+2.2%)
$3,744 + $19,214
$22,958
2011
$3,591 (+4.2%)
$4,438 + $21,593
$26,031
2010
$3,447 (+10.0%)
$4,438 + $21,593
$26,031
2009
$3,134 (+9.4%)
$4,438 + $21,593
$26,031
2008
$2,863 (+14.2%)
$3,515 + $23,160
$26,675
2007
$2,508
$3,515 + $23,160
$26,675
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Cook County
APN
14074120111009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 4, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60640
Average low and high temperatures (°F)
30
17
38
25
54
35
60
44
66
50
80
64
85
71
81
67
77
63
67
52
51
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 8% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5001 N Wolcott Ave #204
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $417,500 and $635,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $418K to $635K.