Search the Chicago property listings Warehouse 312 LoftsClick Here To Get Up To Date Pricing & AvailabilityThe Near West Side offers Chicago loft buyers a number of different options, ranging from brand new luxury condominium developments to true brick and timber loft space. The neighborhood has become increasingly popular for young professionals looking for an affordable unit close to downtown Chicago. One unique loft development on the Near West Side is Warehouse 312 Lofts, located at 312 North May. This 66-unit building offers floor plans ranging from 1,250 square feet to more than 3,400 square feet. One-bedroom units range from 1,250 to 1,600 square feet, with prices starting at $319,900. Two-bedroom models are also available, with large floor plans offering up to 3,000 square feet of living space. This model is currently priced at $529,900. There are also three and four-bedroom lofts available at Warehouse 312 Lofts. These lofts are priced from the mid $500s to $800,000. Residents of Warehouse 312 Lofts enjoy a number of incredible amenities, including exposed brick walls, hardwood floors and wide-open floor plans. Each loft offers a modern kitchen with a stainless steel appliance package and breakfast bar. These amazing units also offer excellent skyline views, extra storage space, and lots of extra closets. The building has a huge rooftop deck that features sweeping views of the downtown Chicago business district. This is the perfect place to entertain friends, get to know the neighbors, or just take some sun while enjoying a little peace and quiet. The location of Warehouse 312 Lofts can't be beat. Residents enjoy easy access to downtown Chicago. Several buses run through the neighborhood, and much of the downtown Chicago business district is just a short walk away, saving commuters hours in travel time each week. The neighborhood also offers tons of shopping, nightlife, restaurants, and cultural events. Enjoy the many antique stores, art galleries, and boutiques in the area. The Near West Side is one of the most popular destinations for a night out on the town, and is constantly seeing new clubs, bars, and restaurants opening in the area. If you're in the market for a new condo or loft on the Near West Side, keep up with the latest news coming out of the real estate market to make the right decision for you and your family. Demand for condos and lofts in the neighborhood has dropped off in the last year, as many buyers are facing difficulty qualifying for a new mortgage. Banks and lenders are tightening requirements due to a marked increase in foreclosures. According to the Chicago Association of Realtors, a total of 229 condos and lofts were sold in the neighborhood during the fourth quarter. This is a 40 percent drop in sales from the same period in 2006, and the lowest total sales for the quarter since 2000. However, even as demand drops in the neighborhood, so is the inventory of unsold condos and lofts sitting on the market. This is helping keep the market fairly stable. If you're selling a condo on the Near West Side, it will now take you an average of 116 days to find a buyer, down from 145 days a year ago. Prices continued to rise, but at a slower pace than in previous years. The average sales price rose by 2 percent during the fourth quarter, and should continue to rise if demand remains steady and the supply of unsold units doesn't increase. I'M INTERESTEDTo:
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