The formula for a classic Chicago timber loft is pretty simple: big windows, brick walls, and tall, open ceilings with exposed wooden floor joists. Found in former industrial buildings throughout Chicago, timber lofts are versatile spaces, making them popular with city dwellers. Another big plus is that these residences can be had at a relative bargain.

Whether you’re a fan of River North, the South Loop, or Wicker Park, there are plenty of options downtown and in the inner ring neighborhoods with spacious lofts for sale. And while a sky-high budget will get you a loft that’s similar in size to a single family home, staying south of $400,000 leaves you plenty of one- and two-bedroom options.

Here’s a look at what's available around the city right now.

225 W. Huron Street #213, $325,000

Just steps from the Magnificent Mile and River North's restaurant and bar scene, this one-bedroom timber loft is a great option for the out-and-about downtown dweller. The interior features a contemporary kitchen design with stainless steel appliances, quartz countertops, and the ever-popular white subway tile. Its $333 monthly assessment is also quite manageable, making this one of the more affordable options in the category.

732 S. Financial Place #201, $339,000

Here’s a spot to kick off your shoes and relax after a long week. This two-bedroom, two-bathroom loft is located in a vintage industrial building near the heart of Printers Row, offering historic charm and amenity-rich surroundings. There's no parking included in the asking price, but the space is a stone's throw from the Blue and Red lines, as well as the Metra.

525 N. Halsted Street #603, $374,900

This large two-bedroom, two-bathroom loft in River West checks off all of the boxes with wide open space and an earthy flair. While the loft features a largely open floor plan, the kitchen is well contained and nicely finished — perfect for rolling up your sleeves on an involved meal. A deeded exterior parking spot is included in the asking price, making this a solid bargain for those in need of extra space and a vehicle.

3201 N. Ravenswood Avenue #303, $375,000

This timber loft in West Lake View is one of those places that’ll make your friends and family members jealous. Transit and shopping are close by, but even closer is the shared rooftop deck. And with enclosed bedrooms, it's a happy medium for the loft dabbler: a wide-open feel with the option of privacy.

400 S. Green Street #204, $400,000

If you’re able to stretch the budget to $400,000, this Greektown listing is indicative of what you can get. The two-bedroom loft isn't just beautiful; with nearly 1,500 square feet of space, it's also big enough for a budding family, home office, or collaborative work area. And with a location straddling the border of University Village and the West Loop, there’s no shortage of dining options nearby.