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Fulton House Lofts

The Near North Side has undergone major changes over the last few years. Neighborhoods that were once left abandoned have been given a new lease on life as luxury condominium and loft developments replaced dilapidated buildings.

One excellent loft development available in the River West area of the Near North Side is Fulton House Lofts, located at 345 North Canal Street. The development is a conversion of a former cold storage warehouse completed in 1981 by Harry Weese & Associates.

A total of 103 units were built in the 16-story building, with floor plans ranging from 1,250 square feet to 4,000 square feet. Prices for these lofts start at $187,500 for a one-bedroom loft. Two bedroom lofts start at $225,000, and three-bedroom units are priced in the low $600s. The largest units go for as much as $1.1 million.

Residents of the Fulton House Lofts enjoy a long list of amenities, including a fully stocked kitchen, hardwood floors throughout, and excellent views from the private balconies of the downtown Chicago skyline and Chicago River. A washer and dryer comes with each unit.

The building offers a 24-hour doorman service. Residents can meet their neighbors or entertain friends on the beautiful rooftop deck, which offers incredible views of downtown.

Fulton House Lofts are located just steps from the heart of downtown Chicago, making the development a perfect choice for professionals who want to do away with the daily commute. There is also an El station just two blocks away, making it easy to get anywhere in the city within minutes.

Residents of Fulton House Lofts are steps from the best nightlife, art galleries, shopping, and restaurants in downtown Chicago. The Magnificent Mile, located just a few blocks east, offers world-class shopping along a long stretch of Michigan Avenue.

To get away from the noise of the city, residents can walk down to Millennium Park or head over to the Lake Michigan shoreline.

If you’re in the market for a new condominium on the Near North Side, keep up to date with the latest real estate statistics to make the best decision for you and your family.

According to the Chicago Association of Realtors, the Near North Side continues to lead all Chicago neighborhoods in total sales. During the third quarter, a total of 846 condominiums and lofts were sold in the neighborhood, a 5 percent drop from the same period last year. It is also the fourth consecutive year of fewer sales in the area.

The inventory of unsold condominiums and lofts on the market jumped during the third quarter. If you’re selling your condo in the area, it will now take you an average of 119 days to find a buyer, a 23 percent increase from last year.

The average sales price for condos on the Near North Side is one of the highest in the city. During the third quarter, the average sales price stood at $526,148, making the units at Fulton House Lofts an excellent deal for a Near North Side loft development.

Prices in this popular Chicago neighborhood probably won’t come down any time soon as demand for condos and lofts in this prime location remains high.