South Loop Real Estate

Given the South Loop's lakefront location, South Loop real estate is desirable to tons of local Chicago home buyers. For more information on South Loop real estate for sale or rent, contact Ted Guarnero at (312) 566-8141 today.

Found 10 blog entries about South Loop Real Estate.

Chicago Lofts For Sale

If you’re even the least bit familiar with our top-notch team of Chicago real estate agents, you likely know that lofts for sale in Chicago are among our favorite properties to show clients and potential home buyers looking for the perfect place in the Windy City. Along with all the antiquated finishes and features typically seen in a loft conversion, what makes showing a loft for sale different than an ordinary condominium residence in downtown Chicago is the uniqueness to each layout, as well as the history behind most loft buildings situated all across the downtown area. From former warehouses and manufacturing plants to some of the most stylish real estate found in Chicago, there’s nothing quite like an authentic loft-condo situated in the heart of

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1601 S. Michigan Lofts in ChicagoChicago’s West Loop may be getting all the headlines, but if you love loft real estate in Chicago and want a great deal on a trendy new home with all the bells and whistles, the South Loop may offer exactly what you’re looking for. Much like the West Loop a decade ago, the South Loop is still up-and-coming and is arguably the downtown neighborhood that was hit hardest by the recent downturn in the market.

In other words, home, condo, and loft prices right now are still favorable to buyers and when it comes to housing options, plenty of classic old loft conversions are situated all throughout the neighborhood just waiting for the right loft lover to come along and recognize a great value when they see it.

In addition, DePaul University’s new basketball

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Downtown Chicago CondosAn encouraging bit of news was featured today on ChicagoRealEstateDaily.com, and in case you missed it, it looks as if the South Loop condo market is really starting to gain some momentum. Last July, Related Midwest announced it had acquired nearly 500 South Loop condominiums with a plan to renovate and re-market these units as the market slowly starts to improve. Although the development strategy may have seemed risky at the time, it appears as if the move is now starting to really pay off.

According to Crain’s, more than 100 of those South Loop condos have been sold, and it’s only been just several months since the official re-launch. Asking prices for the newly revamped condos were set between the middle $200,000s all the way up to $2 million, and

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1315 S. Plymouth Ct Unit I, Chicago, IL What’s so great about living in Chicago’s South Loop? Is it the close proximity to downtown? Perhaps it’s the wide-open outdoor space of Museum Campus and Grant Park that give home buyers a desirable sense of space while situated in the heart of one of the largest cities in the country. Whatever it is you like in the South Loop, there’s even more to love at 1315 S. Plymouth Court Unit I – a fabulous new townhome that just hit the Chicago real estate market. Located in fabulous Dearborn Park 2, this 3 bedroom, 2 ½ bathroom beauty boasts gorgeous hardwood flooring on the first floor, brand new carpeting in the bedrooms, and a newly rebuilt patio that’s phenomenal for entertaining during the summer months. The master bathroom at 1315 S. Plymouth Court has

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A South Loop Condo-Market Revival on the Way?

South Loop Condo Market In a great article from Crain’s Chicago Business, it appears there will be a new attempt to revive the struggling South Loop condo market-a segment that was arguably hit the hardest during the recent housing crash. Related Midwest, a division of Related Companies of New York, has acquired nearly 500 unsold condominium units in three separate South Loop high-rises in an attempt to re-market and jump start condo sales in the neighborhood once again.

But what seems most intriguing about the latest plan from Related Midwest is that renting out some of these condos doesn’t appear to be an option. As stated in the Crain’s article, Curt Bailey, President of Related Midwest, believes that occupying a building with

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800 S. Wells #501 Price Hike After Short Sale

800 S Wells #501It’s not unusual for a downtown Chicago condo that just came onto the real estate market to catch my eye or grab my attention in some way. Usually, it’s either an upscale residence in the prominent Gold Coast neighborhood or a terrific deal in the neighborhood I happen to live in, which is Streeterville. Today was a little different, however. As I was scanning through the MLS, I noticed 800 S. Wells #501 was just put back on the market with a list price of $250,000. If you’re not familiar with the listing or the location, this particular condo is in the River City building in Chicago’s South Loop neighborhood. I’ll be the first to admit that the finishes in unit #501, which include granite countertops,

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One Museum Park in Hot Water, Sales Office Closes

One Museum Park CondosA recent post by Joe Zekas at YoChicago is questioning the serious possibility that the bank may be taking possession of the highly touted Museum Park condo development located at 1211 S. Prairie Avenue in Chicago’s South Loop. Although Museum Campus has been rumored to be under water for some time now and in serious danger of bank repossession, the YoChicago blog also goes on to read that a local Realtor has confirmed the liklihood of foreclosure with Alderman Fioretti’s office. As the bank presumably takes over One Museum Park on November 1st, 1901 S. Calumet (Museum Park Place South) will also be included in the foreclosure suit, with 1629 S. Prairie (The Residences at 1600 Museum Park) not being

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Intriguing History @ 910 S. Michigan Ave

Recently, I wrote a blog about a new listing I obtained inside the historic South Loop building at 910 South Michigan Avenue. That particular condo, 910 S. Michigan Avenue #1201, was a 2 bedroom, 2 bathroom residence with additional den space and tremendous updates that included custom track lighting and beautiful modifications to the custom-built fireplace. Now just a few weeks later, I’ve acquired a similar listing at the Michigan Avenue Lofts, only this time the condo number is 1401. 910 South Michigan Avenue #1401 is also a 2 bedroom/2 bathroom condo that boasts an unobstructed Grant park, Lake Michigan and Michigan ave view, a spacious, wide-open floor plan with an inviting large foyer and angles honey

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New Listing @ 910 S. Michigan in South Loop

Very recently, 910 S. Michigan Avenue #1201 has come onto Chicago’s real estate market and should be considered a tremendous value around the South Loop neighborhood. Unit 1201 at 910 S. Michigan Avenue is a clean, recently updated condo with 2 bedrooms, 2 bathroom plus den and a remarkable sun room overlooking Grant Park, South Michigan Avenue and gorgeous Lake Michigan. Plenty of natural light along with newly installed custom lighting in the living room provide excellent lighting throughout the condo and a wall was even removed to allow for a spacious, open concept that includes a formal dining room that’s perfect for entertaining or hosting a dinner party. Some modern and attractive modifications have

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South Loop Condos Staring at Foreclosure

South Loop real estateRecent reports from ChicagoRealEstateDaily.com confirm that two South Loop condo developments are facing foreclosure lawsuits after the developer, Sedgwick Properties Development Corp., first started defaulting on construction loan payments back in July 2010. The first of the Sedgwick properties, 180-unit Terrazio at 1935 S. Wabash, was originally planned strictly as a fee-simple building, but has since been leasing the remaining condos out in order to generate at least some operating income in the midst of the on-going housing crunch. In a separate lawsuit against Sedgwick, Amalgamated Bank of Chicago is seeking to recover what is still owed on a $60 million construction loan issued in 2005 for the 25-story

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