chicago-condos & Chicago Real Estate pcherry on 21 May 2010 07:33 pm

Tax Freeze Still Available At Motor Row Lofts

May 21, 2010 - There are still a few Chicago condos left for sale from the developer at Motor Row Lofts. The prices were reduced following the auction that was held a while back, and because of the historic status of this Chicago real estate development, the 8 year property tax freeze is still open to buyers and the building is FHA approved.

One of the available units is a two bedroom, two bath condo loft with 1,198 square feet that is priced at $269,900 which is 30% below the previous price. This is a duplex with 15′ high ceilings, stainless steel appliances, granite counter tops, gas fireplace, washer and dryer hook-up and 18′x9′ roof deck. Taxes are said to be $672 per year on this unit.

Another loft that is also for sale at 30% below the old price is a three bedroom, two bath condo with 1,649 square feet. The price on this unit is $344,900. It has 14′ ceilings, a 16′x15′ balcony, gas fireplace, stainless steel appliances and granite counter tops.

There is also a two bedroom, two bath loft with 1,661 square feet of living space that is priced at $409,900 (30% off old price) with yearly taxes of $924. This condo comes with a den, master bedroom on mezzanine level, stainless steel appliances, granite counter tops, gas fireplace, washer and dryer hook-up and 15′x10′ deck.

There are other Chicago lofts for sale at a discount, so be sure to compare Motor Row Lofts with a few other developments to see which is the better buy for you.

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