January 24, 2008 – VB1224 has been on the market for a while now and they are still rolling out a variety of incentives to move the last units in the building. The previous and most widely advertised one, though not big, was a free 42 inch plasma television. Before that, buyers had a choice of about $25,000 in either free assessments, upgrades, or free closing costs and eight months of mortgage payments. Since none of those are no longer in effect, VB1224 is now sweetening the deal a little with two new promotional offers for prospective buyers.

Probably the most attractive to anyone seriously interested in purchasing there is a discounted price on the one bedroom and one bath plus den lofts. The square feet of living space in these lofts runs at about 900. You can pack up and move in for $249,000.

The other incentive is a free parking space worth an estimated $35,000. Unfortunately, they are not packaging the deal and you can’t combine the reduced price with a free space. The free parking only applies to purchases of condos other than the one bedrooms.

VB1224 was billed as one of the last true concrete loft conversions in the West Loop. There are 27 units per floor for a total of 189 condos in this former warehouse. Interiors feature 12 to 14 foot ceilings and exposed ductwork, typical of true loft design. Building amenities include a theater room, doorman, fitness center and conference room. So if you’re shopping for Chicago Condo Lofts, you might want to take advantage of the current incentives at VB1224.

[tags]VB1224, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Friday, January 25th, 2008 at 11:07 am and is filed under Mortgage Information.