March 31, 2010 - Since Belgravia Group lowered prices at 565 Quincy there have been over 65 Chicago condos sold in the project, according to an @Properties press release. The banner headline on website for this Chicago real estate says, “Prices that don’t suck. Don’t believe us? Do the math.” And the math is pretty simple, judging from the price comparisons shown.

A junior one bedroom, one bath condo that was $208,000 is now listed from $157,900. The one bedroom, one bath condos that were $328,900 are now priced from $245,900 and include a free indoor heated parking space valued at $35,000. The two bedroom, two bath units that had been $402,000 have been lowered to $318,900 and also include a free parking spot.

There are 35 different floor plans at 565 Quincy. There are 18 renovated lofts located on floor 5 through 7 and 17 newly built condos on floor 8 through 18. If the information on the development site is current, there are 5 condos available right now.

One is a 700 square foot new studio (unit#14) priced at $192,900.

There is a 809 square foot renovated loft (unit#06) with one bedroom and 1.5 baths that is priced at $223,900. It includes free parking.

A 985 square foot renovated loft (unit#02) with one bedroom and 1.5 baths is available for $271,900. Parking is free with this unit as well.

Another renovated loft (unit#07) with free parking has 981 square feet, one bedroom and 1.5 baths. The price for this loft is $302,320.

The lone two bedroom, two bath new construction condo (unit#10) listed has 963 square feet, a free parking space and is priced $316,900.

Of course the big building perk is the 11,000 square foot Q Room. Residents have everything from a putting green, bowling alley, movie theater, fitness center, lounge, pool tables and foosball tables at their disposal.

There are usually investor owned lofts and condos for sale that are often priced lower than developer units, so it could pay to check out the Chicago real estate listings on a regular basis.

Technorati Tags: 565 Quincy, Chicago Condos, Chicago Real Estate Listings

March 30, 2010 - If you missed the Chicago condo auction for Motor Row Lofts and the price reductions that followed, there are still seven loft condos left for sale and two for rent at this South Loop Chicago real estate development, according to the Motor Row Lofts site. The eight year property tax freeze is still available for buyers of the units, so that’s another plus for these lofts. The units still unsold are listed below.

There is a four room loft (unit #314) with two bedrooms and two baths still for sale with an asking price of $269,900.

Another four room loft (unit #310) with two bedrooms and two baths is listed for $269,900.

A four room loft (unit #216) with two bedrooms and two baths is listed with a price of $299,900.

There is a five room loft (unit #301) with three bedrooms and two baths advertised for $344,900.

A six room loft (unit #502) that has two bedrooms and two baths is listed for $399,900.

There is a five room loft (unit #505) with two bedrooms and two baths listed on the site with a price of $409,900.

A seven room loft (unit #501) with three bedrooms and two baths is advertised for a price of $449,900.

The units at Motor Row Lofts have traditional loft features such as high ceilings (13′ to 21′), oversized windows, a ventless gas fireplace, either oak, maple or bamboo flooring and exposed timber and and brick plus exposed spiral ductwork. Kitchens come with granite counter tops, KitchenAid stainless steel appliances and double sink. Baths have stone or glass tile, Grohe fixtures and double bowl sink vanity. Bedrooms have wall-to-wall carpeting and walk-in closets. The lofts also have a washer/dryer hook-up and roof deck with optional gas grill hook-up and lighting.

There are several Chicago lofts advertising price cuts right now, so be sure to do some comparison shopping before you make a purchase.

Technorati Tags: Motor Row Lofts, Chicago Lofts, Chicago Real Estate

March 29, 2010 - It has been quite a while since we’ve heard anything about Chess Lofts. But like so many other Chicago real estate developments that have units sitting empty, price reductions have been announced. According to a recent Tribune article, the South Loop project has sold 71 of the 119 lofts in the building. Right now there are 48 still for sale and 12 of those are ready for buyers to move in immediately.

Chess Lofts is located on 320 East 21st Street and is a conversion of the old Chess Records recording studio and warehouse from the ’50s and ’60s, according to the article. The renovated building started making deliveries back in 2007 and has a rooftop deck with grilling area, fitness center, bike storage, dog run and recessed balconies.

Britta Rivera, sales director for Weichert, Realtors — Frankel & Giles, was quoted in the article as saying that, “Three new decorated models have been unveiled to showcase these incredible lofts and are now available for viewing.”

Chess Lofts had been listing their one to two bedroom units for between $239,900 to $449,900. Now, with the current price reductions in place, the one bedroom, one bath condo lofts are priced from $194,900 and the two bedroom, two bath lofts are priced from $249,900. You can expect to pay $35,000 for an indoor parking spot, but those aren’t available with all of the lofts.

You can find out more information about Chess Lofts and other Chicago lofts by following the link to the development pages.

Technorati Tags: Chess Lofts, Chicago Lofts, Chicago Real Estate