Signature Lofts

Bucktown is one of the most popular neighborhoods for buyers looking for affordable condominiums and lofts close to downtown Chicago. The neighborhood offers excellent amenities and easy connections to downtown Chicago.

One classic brick and timber loft development available in West Town is Signature Lofts. This development was completed in 2000, and offers a total of 26 units. Floor plans at this development start at 1,000 square feet and range up to as much as 2,100 square feet of total living space.

One unit currently available at Signature Lofts is a three-bedroom and two-bath unit. This unit is priced at $3,000, including one parking space. Prices for these units start at $400,000 and range up to the mid $700s.

Residents of Signature Lofts enjoy a number of amenities, including huge windows, exposed brick walls, and high ceilings that give a feeling of space. Many units also come with a fireplace and an in-unit washer and dryer. Each loft features a large deck space and hardwood floors throughout. Kitchens come with an appliance package, granite countertops, and custom cabinets. Huge bathrooms include double sinks and a marble vanity top.

The development offers both garage parking and outdoor parking. Residents will love the city views from the rooftop deck, the perfect place to entertain friends and meet the neighbors.

The location of Signature Lofts is one of the main attractions for buyers. This development is steps from the best that Bucktown and West Town have to offer.

Residents can find many of the best bars, restaurants, and nightlife along Damen Avenue and North Avenue, both located within a couple of blocks of home. These areas also offer plenty of shopping, including art galleries, boutiques and brand name stores.

Commuters will love the easy access to downtown Chicago via nearby Metra and El stations as well as the Kennedy Expressway. CTA buses serve nearby neighborhoods, and several lines run through the immediate area.

If you're in the market for a new condo or loft in Bucktown, keep up with the latest news coming out of the real estate market. Bucktown is part of the Logan Square statistical area.

According to data from the Chicago Association of Realtors, Logan Square saw a total of 113 condos and lofts sold during the fourth quarter. While this is a drop of 28 percent in sales from the same period in 2006, it is still a strong total for the neighborhood.

However, it wasn't enough to keep the inventory of unsold units from growing in the neighborhood. Condo owners who are currently selling their unit in Bucktown will now have to wait an average of 114 days to find a buyer, up from 98 days a year ago.

The increase in the inventory of unsold condos and lofts on the market may have led to lower prices in the area. The average sales price for condos and lofts sold during the fourth quarter in Bucktown and Logan Square was down 2 percent from the same period last year.

If demand doesn't pick up in the short term, condo owners and developers may have to offer even lower prices to attract new interest in the area.

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