With looser lending standards enacted, lower insurance premiums now available, and a ton of pent-up demand among the Millennial generation, first-time home buyers are expected to play a huge role in how active the real estate market will be in 2015, not only in Chicago, but all over the country as well.
If you’re someone who is looking to make the transition from renting to owning sometime over the next 10-12 months, lots of opportunities are currently available in Chicago, especially in the downtown Loop. A location that can provide a close proximity to your workplace, pubic transportation, and many of the amenities and attractions that help make downtown Chicago great, few will argue there’s no better way to experience living downtown than to find a place right in the middle of all the action. And if finding a great deal on your new Loop residence is also a part of your home buying equation, here’s a look at 5 Loop lofts for sale for under $300,000.
235 W. Van Buren #1619 - $299,900
A more contemporary style loft with concrete ceilings, a private balcony, and all kinds of newer appliances and fixtures, finding a full updated two-bedroom, two-bathroom loft for under $300,000 isn’t always easy, which is exactly why this unit is worth a look if you’re currently in the market.
212 W. Washington #1710 - $224,900
Although this immaculate soft-loft only offers 710 square feet, it’s one of the more impressive units we’ve seen at this price point. Listed at $224,900, unit 1710 features a very spacious layout, a built-in desk space that almost acts as a small den, plenty of closet space, and even a private balcony. In-unit laundry is also part of this chic Loop loft, while deeded parking is also available.
20 N. State #912- $209,000
An authentic loft space that offers a top-notch location and some classic interior features like exposed brick, concrete ceilings, and a unique open floor plan, it doesn’t get much better than this affordable Loop unit, especially if you're a true loft lover like us. And with a recent price drop of $6,000 just within the last 45 days, who knows how much longer this one will be available.