chicago-condos & Chicago Real Estate pcherry on 26 Mar 2010 11:41 am

Chess Lofts Announces Big Price Cuts

March 26, 2010 - For all of you loft lovers, there is another Chicago real estate development that is slashing prices on the unsold units in the building. Chess Lofts is a conversion of the 1950’s warehouse for Chess Records. The project wrapped up in 2007 and the developer has tried just about everything except recording a top 20 hit about the lofts in the concrete and brick building. But cutting prices may be the best bet if they’re trying to score some record sales.

According to a recent Tribune article, there are 48 units for sale out of the 119 total in the building. Immediate delivery is an option on 12 of those 48. Chess Lofts is located in the South Loop on 320 East 21st Street and the building has a fitness center, rooftop sun deck with BBQ station, bike storage room and a dog run.

“All Chess Lofts residences display generous 12-foot to 18-foot ceilings throughout living areas and expansive views of Lake Michigan, Soldier Field and the Chicago skyline through generous oversized windows,” Weichert, Realtors — Frankel & Giles sales director Britta Rivera was quoted in the article as saying.

Old prices on the one and two bedroom condo lofts at Chess Lofts had been running from $239,900 to $449,900. The new price on the one bedroom, one bath lofts starts at $194,900. For the two bedroom, two bath lofts you will now pay from $249,900. Parking could potentially be an issue because garage spaces aren’t available with every unit. If you can buy one, it will tack another $35,000 onto your cost.

There are three models you can tour and the sales center is open from noon to 5pm weekdays. It’s always a good idea to compare, so you may want to check out some other Chicago lofts for sale as well.

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