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1931 Damen Lofts

Logan Square continues to attract new developments as young professionals and families flock to the neighborhood to enjoy the unbeatable lifestyle in one of the most historic and diverse neighborhoods in Chicago.

If you’re on the market for a new condominium or loft in Logan Square, you won’t want to miss out on the luxurious units available at 1931 Damen. These luxury lofts are conveniently located in the heart of the shopping district of Bucktown.

The four-story building offers a total of 6 units. Buyers can choose from floor plans ranging from 1,450 square feet to 2,960 square feet. Prices for these luxury lofts start at $387,000 for a 1,450 square foot loft and range up to $820,000 for the largest unit.

Residents of the luxury lofts at 1931 Damen will enjoy amenities such as hardwood floors throughout the main living areas, carpeted bedrooms, a gas fireplace, and a large balcony. Residents also enjoy an appliance package included with each unit.

Bucktown is one of the most popular up-and-coming neighborhoods in Chicago. The area is home to excellent restaurants, nightlife, and plenty of shopping. Damen Avenue is the heart of Bucktown, offering shoppers many options.

The Logan Square neighborhood is home to a mix of residents from all over the world. Find authentic Mexican, Puerto Rican, and Cuban food, or go for a bite at a Polish bakery in this diverse neighborhood.

Professionals who work downtown will enjoy the easy connections to downtown Chicago via El and Metra connections in the neighborhood. The Damen station of the Blue line is just a few blocks south of the lofts at 1931 Damen.

If you’re in the market for a new condominium or loft in Logan Square, keep up with the latest statistics and news coming out of the real estate market in the area to make the right decision for you and your family.

Logan Square hasn’t been immune from the problems facing the Chicago real estate market. Sales of condos and lofts have dropped for two consecutive years in the neighborhood, as problems in the mortgage market and high prices keep many potential buyers out of the market.

According to the Chicago Association of Realtors, a total of 179 condos and lofts were sold in the neighborhood during the third quarter, a 10 percent drop from the same period last year and 20 percent below the highs seen in 2005.

The inventory of unsold units on the market continues to rise as demand drops around Logan Square. If you are selling your condo or loft in the neighborhood, it will now take you an average of 111 days to find the buyer, the longest average turnover time the neighborhood has seen in 10 years.

As demand drops and the supply of condos on the market increases, buyers should start to see lower prices. However, this hasn’t happened yet in Logan Square. The average sales price during the third quarter was up another three percent. However, these increases may soon be a thing of the past if market conditions continue to deteriorate.

If demand doesn’t pick up in the short term, buyers may start to see excellent prices on condos and lofts throughout Logan Square.