1000 West Washington Lofts

The West Loop has undergone quiet a few changes in recent years as new Chicago condominium and loft developments transform the once abandoned streets into a vibrant neighborhood. The area is home to some of the best true brick-and-timber lofts in the city.

One unique development that offers a number of luxury lofts is 1000 West Lofts. This development is located at 1000 West Washington, just steps from downtown Chicago.

Buyers can choose from a number of floor plans at 1000 West Lofts. A total of 17 units are currently listed on the market, with 16 units for sale and one unit for rent. The most affordable unit at this luxury development is a one-bedroom and one-bath loft with a total of 1,000 square feet of living space. This unit is priced at $294,000.

Another larger loft currently for sale at 1000 West Lofts is a two-bedroom and two-bath unit with a total of 1,700 square feet of living space. This unit is priced at just $389,000. The biggest unit currently offered on the market at 1000 West Lofts is a two-bedroom and 2.5-bath loft. Residents enjoy a total of 3,500 square feet of living space. This penthouse unit offers a two-story layout, and is priced at $1.1 million.

If you're looking to rent a unit at 1000 West Lofts, there is a one-bedroom and two-bath loft currently available for rent. This loft is priced at $1,725 per month, and offers a total of 1,300 square feet of living space.

These true brick-and-timber lofts offer a number of luxury amenities. Each loft comes with central air conditioning, a gourmet kitchen with granite countertops, a breakfast bar, and an appliance package, and a master bathroom with marble finishings. Residents can keep warm during the winter with the fireplace, and enjoy a warm summer afternoon on their private deck. Each unit comes with hardwood floors throughout.

The development offers a number of luxury amenities, including a 24-hour doorman service, garage parking, a common sundeck, and excellent views of the Chicago skyline. Parking is not included in the purchase price of many of these units, but is available for an extra $25,000.

1000 West Lofts is located steps from downtown Chicago and right off the popular Randolph Street corridor. Randolph Street offers a number of restaurants, shops, and art galleries, as well as easy connections to downtown via CTA buses.

Residents can do away with the daily commute and walk to the downtown Chicago business district in a matter of minutes. There are also several convenient connections to the rest of the Chicago region via El and Metra stations in the area.

The market for condos and Chicago lofts on the Near West Side has been hit hard by a downturn in sales in recent months. According to data from the Chicago Association of Realtors, the first quarter was the slowest market since 2001 in the neighborhood. A total of 228 units were sold during the quarter, down from 382 units sold during the same period last year.

However, despite the drop in sales, the inventory of new condos and lofts on the market also dropped during the first quarter. It took condo owners and developers an average of 164 days to find a buyer during the quarter, down from 203 days last year.

The drop in the inventory of unsold condos and lofts on the market didn't help keep prices in positive territory. The average sales price fell by 3 percent during the first quarter, and could fall even further if demand doesn't pick up in the short term.

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