Field Guide to Chicago Apartments: Studios
It’s been a while since we pulled out the old Field Guide for a humorous look at some of the different types of Chicago apartments. Last summer I gave you an overview of garden apartments and coach houses. Today we’re going to look at another common species of apartment with many quirks: the studio. As the economy starts to recover, many renters who have paired up with roommates through the recession will be able to move out on their own again. Studios, designed for single occupants, will be their next logical stop.
Unlike the previous two species we studied in the Field Guide, the studio apartment (apartmentus minisculus ecubiculus) cannot be found throughout Chicago. In fact, their territory is quite constricted. Studios can only be spotted in areas that currently attract large numbers of single residents, or in areas that attracted them in the past. They tend to flock together in high rise buildings along the lakefront and close to major transit hubs. Their slow appreciation makes them of little interest to condo developers. The ones that exist inland are usually converted from former hotels or clustered around college campuses and hospitals.
Much like certain species in the wild, studios are herd apartments that exist only in large groups. They need a large community and sufficient building square footage where they (and their occupants) can socialize. A building really needs to have at least 15 units before it’s economically worthwhile to devote space to studios.
Identifying the Studio
A. minisculus ecubiculus is a master of disguise, taking many different forms throughout the city. Available space can vary from 200 to over 700 square feet, and room layouts can be more varied than you’d expect. However, the clever apartment hunter will be able to identify it using a simple test. If the sleeping area has no door, it’s a studio.
Other rooms may have doors. There may be a bathroom, a separate kitchen, even a dining room. But if it has no dedicated sleeping area with a door, it’s a studio. Some areas of the world specify that a studio has a separate kitchen, reserving the word “efficiency” for single-room apartments. In Chicago the term “efficiency” has fallen into disuse. “Studio” is used around here to refer to any small apartment without a bedroom.
Comparative Value and Appeal
Studios attract anyone who wants to live alone in a budget-friendly way. They attract everyone from students and first-time renters to retirees and executives from the far suburbs who need an in-town crash pad to minimize their weekday commute. As apartments go, they’re generally the cheapest units available in any given neighborhood due to their compact size. However, they are designed to be used by one person at a time, so for families and couples they’re pretty much out of the question. Many landlords will limit the maximum occupancy for a studio to one adult and one infant.
From an investor’s perspective, studios can be great for your cash flow but they are not recommended for first-time landlords. They turn over 2-3 times more frequently than larger apartments, and attract a generally younger population with less experience in independent living. This species of apartment requires more attention and will incur higher overhead, but as the illustration below will demonstrate, the payoff may be worth it.
Of course, smart renters will realize from the same diagram that choosing to live with roommates is definitely the more cost effective route.
Conservation Status: Least Concern
There will never be a shortage of studios in the Chicago rental market. However, due to their restricted habitat they may be scarce on the ground in certain neighborhoods. Like many herd animals, they can be elusive and difficult to spot unless you know a few tricks.
The easternmost areas of the city are usually their traditional hunting grounds. Renters looking to hunt down a lone studio in, say, Lincoln Square, Logan Square or Pilsen will have a much harder time. Additionally, their low price point makes them unlikely to appear in the MLS outside of the Loop and its immediate neighboring districts. The accidental landlords who tend to use Realtors and the MLS to list their apartments are not likely to have a lot of studios on hand.
As much as it pains me as a Realtor to say this, renters seeking studios in the outlying wards will want to go direct to the larger property management companies or the locator services for the best selection of studios.
- Like many small herd animals, the studio is skilled in rapid escape from predators and apartment hunters. They get snapped up quickly, as fewer decision-makers are involved. However, their high turnover rate means that there will always be another similar unit available.
- These apartments are quite svelte, designed for simple living. They may be lacking in storage space. It’s far more important to think about closet space when hunting studios. Unlike their larger counterparts, you will never be able to fully escape any of your belongings unless you’ve got somewhere to put them away.
- Gourmet chefs and those fond of odorous foods like garlic, onions, durian and fish may want to focus their search on studios with separate kitchens. They do exist, but they tend to be found only in Pre WW-II vintage buildings. Some even have doors you can close to keep your cooking odors away from your bed linens. Separate food prep areas will also give you more room to work.
- A lone studio is not going to remain a healthy studio for very long. Make sure your studio is in an area with lots of things to do outside the house.
- Renters with sleep disorders and shift workers will want to opt for a one bedroom apartment or at least a convertible. Maintenance of a consistent wake-sleep schedule may require you to have a room that’s used only for sleep. In a studio this will not be possible.
- You may be tempted to purchase multipurpose furniture and appliances to maximize your use of space. However, consolidation means that a single point of failure could render the entire thing useless.
- Make sure your building has enough elevators to sustain a large number of studios. As mentioned above, they have higher turnover rates. Moving day in an all-studio building can be an absolute disaster in elevator land. Elevator engineers recommend one elevator for every 60 apartments (pdf), and a separate freight elevator if the building is over 10 stories tall.
Convertible/Junior 1-bedroom. (A. minisculus dysmorphia) This is a studio with a separate area for the bed. The sleeping area may be partially partitioned with a half wall or curtain, or it could be around the corner from the rest of the living space. However, like all studios, it does not have a bedroom with a door. The term “junior one bedroom” used to refer to one bedroom apartments without separate dining rooms. However, due to online search restrictions it has been reclaimed in the Chicago real estate industry to refer to a glorified studio.
Single room occupancy. (A. minisculus elavatio) The much maligned SRO has come to be known of late as the epitome of squalor. However, the term “single room occupancy” (or “bedsits” as they’re known in the UK) simply refers to a small long-term residence which shares a bathroom and kitchen with other units in the same facility. Some may have kitchenettes, half bathrooms or even full bathrooms, but others are just a sleeping room. Some don’t even have walls to separate the individual sleeping quarters, but instead are partitioned by chicken netting or corrugated metal. Unlike regular studios, SROs are highly endangered in Chicago. Their existence as the least expensive and least restrictive residences in the city have made many of them a haven of last resort for the destitute and needy. However, as they offer some amount of privacy and the right to a long-term permanent address in exchange for low rents, they’re a very necessary step up from shelters.
Not all SROs are dingy, either. For example, the Schiff Residences, located in the area that was formerly occupied by the Cabrini-Green projects, were designed by architectural superstar Helmut Jahn in 2006. They have a LEED Silver certification and provide support services for the residents. While most SROs can’t offer such a lofty resume, a few are trying to preserve the species for the next generations.
Have you spotted a unique or particularly adorable specimen of studio apartment in the wild? Share it with us in the comments! I’ll be back on Wednesday with a rental site review of Domu.com.