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.

[tags]Chess Lofts, Chicago Lofts, Chicago Real Estate[/tags]

This entry was posted on Monday, March 29th, 2010 at 3:12 pm and is filed under Mortgage Information.