February 6, 2010 - Right now Chicago real estate developer Marquette Companies is reducing prices at Front Street Lofts in Lemont by at least 50%. A price slash of that much is about equal to what you’d expect to pay at auction, or in the case of their advertising slogan, “Better than a foreclosure sale.” So if you’ve been considering purchasing a Chicago loft, you might want to take a closer look at this development.

There is a total of 82 residences at Front Street lofts. You can opt for a townhome with one or two floors or go for the soft loft design. There are 4 five story low-rise buildings where the lofts are situated above stree level retail space. Layouts include everything from studio units to one to three bedroom floor plans. The townhomes and lofts have from 723 to 2,192 square feet, so you can get as little or as much living space as your lifestyle needs.

For a one bedroom loft at Front Street you can now expect to pay from $119,000 and up. Old list prices on those units ran anywhere from $199,000 to $265,000. Previously the two bedroom, two bath and two story open lofts were marketed between $357,000 and $385,000 but are now being offered from $179,000 and up. And the two bedroom, two story open soft lofts are currently priced from $189,000 and up. Those residences were listed from $355,000 to $454,000. Front Street Lofts are FHA approved as well, so that’s another plus.

You can find other Chicago Condo Lofts with deep price cuts right now, so do some comparison shopping and see which ones offer the most for your money.

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This entry was posted on Monday, February 8th, 2010 at 1:38 pm and is filed under Luxury Condos(t) , News(t) . You can leave a response.