July 16, 2009 – Yesterday we told you that Keith Giles of Kargil Development still has 35 of the 116 Chicago condos for sale at Prairie District Lofts, which is located on 1727 South Indiana Avenue in the South Loop. This Chicago real estate project has received FHA approval, so that may make it easier for first-time buyers to purchase one of the remaining units there. Many of the for-sale units are rented out right now, and if the unit is sold the current resident will have a sixty day notice to vacate.

The lofts come in simplex, duplex or triplex floor plans and range in size from about 730 to 2,400 square feet. The ceilings are a lofty 12′ to 20′ with oversized windows. Other features include hardwood flooring, carpeted bedrooms, track lighting, pre-wiring for high speed Internet and cable television, fireplaces, private balconies and garden terraces, individual heating and cooling plus hot water heaters for each loft. The kitchens have GE stainless steel appliances, double bowl sinks with Grohe fixtures, islands, 42″ cabinets and 1.25″ granite counter tops. Building amenities include a fitness center, bike storage, laundry rooms, landscaped atrium, and a rooftop sundeck.

Pricing on the one to four bedroom, one to four bath condo lofts ranges anywhere from the low $200,000s to low $300,000s for the one bedroom units and between the $290,000s to $410,000s for the two bedroom lofts. The three bedroom units are averaging between the low $400,000s to low $500,000.

Prairie District Lofts have the traditional exposed timbers and brick, and with no new developments like this planned for the near future, you’ll have to be satisfied with the current stock of Chicago Condo Lofts that are already on the market.

[tags]Prairie District Lofts, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Thursday, July 16th, 2009 at 7:19 pm and is filed under Mortgage Information.