Chicago Condo Directory

February 5, 2010 - It seems as though lots of Chicago real estate developers are trying to cash in on the condo auction and foreclosure frenzy, even without actually having an auction or being foreclosed. Post-auction sales and in the case of Front Street Lofts in Lemont, “Better than a foreclosure sale” sale are becoming commonly used sales pitches. But if you are shopping for a loft, you may want to check these units out for yourself.

Front Street Lofts have a total of 82 “soft” lofts and townhomes in Lemont. The developer, Marquette Companies, is now reducing prices by over 50% on the units. There is a mix of studios, one, two and three bedroom residences in one to two story homes. The lofts and townhomes size up between 723 to 2,192 square feet. The lofts are located on the upper floors of a group of four 5 story buildings that have retail space on the lower level. The soft lofts come in either one or two story floor plans. The development is also FHA approved.

Old prices on the one bedroom lofts were listed between $199,000 to $265,000 but now you can get them from $119,000. For the two story, two bedroom open lofts at Front Street the prices start at $179,000 which is down from the old prices of between $357,000 and $385,000. The two story, two bedroom open soft lofts that had been marketed between $355,000 and $454,000 are now listed from $189,000.

You can find more information on Chicago Lofts by checking out our development profile pages and as always, check back here for all the latest news about pricing and incentives.

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