Steps off the Capitol Square
Looking for a condo in Downtown Madison? Look no further than this Proudfit unit in the historic Loraine building with exquisite details, traditional features and high-end finishes throughout.
123 W. Washington Ave #203
Madison, WI 53703
$369,900 | 1 Bed + Den | 2 Baths | 1293 sq. ft | MLS# 1796192
Why We Love It
1) Downtown Location
Located in the heart of downtown Madison, this condominium has unparalleled access to local museums, theaters, restaurants, nightlife, shopping, historical sights, as well as Lake Monona and Lake Mendota.
Consistently ranked as one of the top U.S. cities for families, retirees, young professionals, bicyclists, and outdoors enthusiasts, the Isthmus is the ideal home base from which to explore and enjoy countless activities.
2) Historic Building
The Loraine was originally conceived as a 250-room hotel in 1922 by Milwaukee hotelier Walter Schroeder. Architect Herbert Tullgren designed the Tudor Revival structure and construction was completed in June 1924. Hotel Loraine (named after Mr. Schroeder’s niece) was so popular that a 100-room addition was completed one year later.
Hotel Loraine was the largest and arguably the most prestigious hotel in Madison. At an initial cost of $1.1 million, Hotel Loraine was the most expensive commercial building in the city. Its prominent location, on the site of Henry Proudfit’s home, provided a seamless link between the affairs of Wisconsin’s government at the Capitol and the academia at the University of Wisconsin.
Hotel Loraine was renowned for its grand lobby, exquisite dining, and the fabulous Crystal Ballroom; site of many debutante balls, wedding receptions, and Madison’s largest social functions. It played host to numerous notables during its history including Ethel Barrymore, Gloria Swanson, Mae West, Harry Truman, and John F. Kennedy.
The building has since been designated a national landmark due to its history, location, and architectural significance.
3) Home like feel
Move-in ready this unique condo has 10 ft ceilings, a wall of windows and includes granite counter tops in the open kitchen along with GE Profile SS appliances and fireplace in main living area.
The master suite has multiple closets, 6 ft soaking tub, tiled stall shower plus dual vanities. The den space off the foyer entry is large enough to work for overnight guests and has a bathroom with shower across the hall.
Heated parking and storage included. Enjoy resident access to Barriques Coffee and all downtown Madison has to offer.
What You Need To Know
Average Energy Use*
|Gas||Therms||Cost||# of days||Heating|
|High||18 therms||$31||30 days|
|Low||0 therms||$20||28 days||Yes|
|Monthly Avg.||4 therms||$24||Last 12 months|
|Electric||Kilowatt Hours||Cost||# of days||Heating|
|High||349 kWh||$56||29 days|
|Low||59 kWh||$28||31 days||No|
|Monthly Avg.||154 kWh||$40||Last 12 months|
*Info from Madison Gas & Electric.
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Questions or further interest? Give us a call today.