Folio Square Lofts

The Burnham Park section of the South Loop was once a barren landscape of abandoned industrial buildings and warehouses. However, several new real estate developments have transformed the area into a vibrant corner of Chicago.

One of the original developments to come to the neighborhood is Folio Square Lofts, located at 124 W. Polk. This luxury loft development renovated a nine-story building that was built in 1914.

The lofts at Folio Square are among the original true lofts that make Chicago famous. There is currently one unit listed on the real estate market. A one-bedroom loft with a total of 1,200 square feet of living space is available for $265,000.

Residents of this luxury loft building enjoy a number of excellent amenities. Each unit offers high ceilings, large open floor plans, and oversized windows with sweeping views of the downtown Chicago skyline. The units give a feeling of space not found in many other loft developments.

Kitchens come with an appliance package, custom cabinets, tile countertops, and plenty of extra room for cooking a large meal. A breakfast bar also comes with each kitchen. A washer and dryer also comes included with many units.

The development offers a modern fitness room and extra storage space. Residents love the giant rooftop deck which features incredible views of the downtown Chicago skyline and surrounding parkland.

If you're looking for a conveniently located development, this is it. Folio Square Lofts is close to many of the best Chicago landmarks. The area has an incredible amount of public transportation. The El and Metra trains both stop in the neighborhood, and numerous CTA buses run along nearby avenues. Commuters can save several hours a week by walking to work from Folio Square Lofts.

The area is also home to several parks, including Dearborn Park and Grant Park. Millennium Park is also just a few blocks away. Several museums, including the Art Institute of Chicago and Museum Campus are also within walking distance.

Restaurants, nightlife, and shopping can also be found within a few blocks of home, allowing you to enjoy a night out on the town without leaving the neighborhood.

If you're in the market for a new condominium or loft in the South Loop, keep up to date with the latest news coming out of the real estate market in the area.

According to the Chicago Association of Realtors, the Loop has seen a large drop in sales during the fourth quarter. A total of just 276 units were sold during the fourth quarter, a 49 percent drop in sales from the same period in 2006.

However, prices in the neighborhood skyrocketed during the fourth quarter as many buyers focuses on new luxury developments going up around the loop. The average sales price during the fourth quarter rose by 125 percent from a year ago.

Folio Square Lofts offers an affordable alternative for buyers who are looking to live in the heart of the city without breaking the bank. Take advantage of this great deal today at this landmark Chicago development.

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