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60657 Lofts

Condo and loft conversions continue to renew neighborhoods around Chicago. Lakeview is one of the neighborhoods that has seen the most new conversions, as many young professionals and families choose the neighborhood for its amenities, price, and proximity to downtown Chicago.

One loft conversion in Lakeview has taken a two-story department store and turned it into a five-story art deco building offering a total of 66 luxurious units. 60657 Lofts was completed in 1999 by RDN Development & Investment LLC. The Chicago-based company is responsible for several excellent projects around the city, including Reliable Lofts, the Neapolitan, and Ivy Lane.

60657 Lofts is a mixed-use development that includes three units of commercial space totaling 12,500 square feet and 66 residential units.

Buyers can choose from several floor plans at 60657 Lofts. One and two-bedroom units range in size from 900 square feet to 1,500 square feet. Prices for the units start at $295,000 for a one-bedroom loft and range up to $400,000 for the largest two-bedroom residence.

Residents of 60657 Lofts enjoy a long list of amenities. Kitchens come standard with an appliance package, granite countertops, and top-of-the-line cabinets. A breakfast bar gives extra space to cook and entertain guests. Each unit also offers a large private balcony.

Residents can also enjoy the excellent views from two large rooftop decks with plenty of space to stretch out and get some sun during the summer. Private underground parking is available in the two-level parking garage.

The location of 60657 Lofts is one of the main draws for buyers. The development is located at 1645 W. School Street in the heart of Lakeview. The neighborhood has attracted young professionals and families that have rejuvenated the area and brought with them new businesses, shopping, and nightlife.

Commuters are just minutes from the downtown Chicago business district. CTA buses and the El train provide easy connections to downtown and the rest of the city. An El station is just one block away from 60657 Lofts.

If you’re in the market for a new condominium or loft in Lakeview, stay up to date with the latest news and statistics coming out of the real estate market in the area.

According to the Chicago Association of Realtors, sales have dropped off in the area in the last two years as the market slows around Chicago. A total of 700 condos were sold in the neighborhood during the third quarter, making the neighborhood the second most active market in the city.

However, this is a 6 percent drop in sales from the same period last year and the second consecutive year the neighborhood has seen fewer sales.

The inventory of condos and lofts for sale in the area has remained steady despite the drop in demand in the area, giving condo owners and developers some breathing room. The average turnover time during the third quarter remained steady at 94 days, two days below the average for all of Chicago.

The average sales price for condos and lofts sold during the third quarter was $367,738, an increase of 4 percent over the same period last year. Buyers could start to see prices leveling off if demand doesn’t recover in the short term. However, the popularity of Lakeview should keep prices from dropping.