15th Street Lofts

Buyers on the market for a luxury loft in the popular South Loop neighborhood have many new developments to choose from. The neighborhood offers an excellent lifestyle close to the best restaurants, nightlife, and cultural events in the city.

One development that currently offers several lofts for sale is 15th Street Lofts. Located at 1503 S. State Street in the heart of the South Loop, this development offers true brick and timber loft space at excellent prices. The building was the warehouse for Boston Store in the late 1800s, and after several years of abandon has been completely restored and given a new lease on life.

Buyers can choose from 78 one and two-bedroom units at 15th Street Lofts. Floor plans range from 810 square feet for a one-bedroom loft to more than 1,320 square feet for the largest two-bedroom units.

Prices for these lofts start at just $184,000 for a one-bedroom and one-bath unit. Other one-bedroom units are priced up to $239,900 for units with one bath, and up to $300,000 for the largest units. Two-bedroom units can be had for as little as $295,000, with prices ranging up to $410,000.

All residences feature a number of luxury amenities, including a gourmet kitchen with stainless steel appliances, granite countertops, and 42-inch cabinets. Residents also enjoy 11 to 12-foot ceilings, hardwood floors throughout the main living areas, and wall-to-wall carpeting in the bedrooms. Track lighting, washer and dryer hookups, and prewiring for high speed internet access is also standard in each unit.

This luxury development includes a number of common amenities such as an elegant lobby, high speed elevators, a rooftop deck, bike storage, and plenty of extra storage space. Garage parking is available in the underground parking garage, and is sold separately from the unit.

Residents of the South Loop enjoy an active lifestyle in this up-and-coming neighborhood. The area is home to several restaurants, clubs, bars, and shopping. Michigan Avenue is the commercial heart of the South Loop, and many essential services are found closer to home.

Residents are steps from the best that Chicago has to offer. Grant Park and bike paths along the Lake Michigan shoreline ensure that you'll be able to enjoy an active outdoor lifestyle. Museum Campus is a great place to take the kids, with an aquarium and natural history museum found there. Sports fans will love the easy access to Soldier Field, home of the Chicago Bears.

Living in the South Loop means no more long commutes to the downtown Chicago business district. CTA buses run along major avenues, the El train stops at Roosevelt Road, and much of the downtown business district is also within walking distance.

The real estate market in the Loop has never been better. Prices were up more than 50 percent in 2007, with sales hitting their second-best level in more than 16 years. While there is a lot of competition among developers around the South Loop, the neighborhood will benefit from the many amenities offered and its excellent location for years to come.

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