December 9, 2008 – If you’re in the market for a new Chicago condo but wishing for a sure thing in terms of value or satisfaction, probably one of the closest deals you’re going to get is still at the Lofts at 1800. A few months ago we told you about the project developer, Kopley Group, advertising a no questions asked buy-back guarantee that was good for two years after the purchase of one of the units at their conversion project. That guarantee is still in effect, so you may want to see what this Chicago real estate development has to offer.

Work has been progressing on the former factory building on 1800 West Grace Street and if all goes according to schedule, first deliveries on the 91 condo lofts will start about mid year 2009. Around 22% of the units are under contract, so there are still plenty of lofts left to pick from at 1800. This buy-back guarantee is probably very attractive to many buyers who are uncertain about making a purchase with so much economic and housing instability right now. At other developments, if you walk away from a contract you generally forfeit your deposit. At the Lofts at 1800 you don’t have that worry if something comes up that would prevent you from closing on a unit or even if you just decide you don’t want to for some reason.

Prices on the lofts run from the mid $200,000s for a one bedroom unit to the mid $300,000s for a two bedroom. The larger three bedroom condo lofts start in the low $700,000s. Kopley states in their offer that the buy-back guarantee applies to certain units in the development, but could possibility be negotiated for other units there.

There are several other quality Chicago Loft projects in the city and with most developers eager to thin out inventory, you may find some good deals before the end of the year.

[tags]Lofts at 1800, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Tuesday, December 9th, 2008 at 1:28 pm and is filed under Uncategorized.