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Willow Square Lofts

If you’re in the market for a luxury loft or condo in Chicago, don’t forget to check out what’s on the market in Bucktown. This popular neighborhood has undergone gentrification that has turned old warehouses and empty lots into luxury developments offering modern amenities.

One excellent choice currently listed on the market in Bucktown is Willow Square Lofts, located at 2012 West St. Paul. This timber loft building offers a total of 57 units. Buyers can choose from floor plans ranging from one bedroom to three bedrooms. Prices for one-bedroom lofts start at $259,900, while the largest three-bedroom units range up to $614,900.

Residents of Willow Square Lofts enjoy a number of luxury amenities. Each unit comes with a fireplace, private deck, and washer and dryer. Each loft also offers finishes such as hardwood floors, timber ceilings, 16-foot ceilings, and oversized windows with great skyline views.

Kitchens at Willow Square Lofts come with a modern appliance package, a breakfast island, and granite countertops.

The luxury building also offers a number of common amenities, including an onsite engineer, extra storage space, bike room, and guest parking. Residents can get to know each other or entertain friends on the rooftop deck that offers fabulous views of downtown Chicago and the surrounding city. Residents enjoy access to the modern fitness center.

Willow Square Lofts is steps from many of the best restaurants, shopping, and nightlife in Bucktown. The neighborhood is also well served by expressways and public transportation.

Commuters can get to the downtown Chicago business district in minutes. The nearest El train station is the Blue line at Damen-O’Hare, just two blocks from Willow Square Lofts. CTA buses are also readily available along Milwaukee Ave and Damen Ave. The I-90 and I-94 expressways are also easily accessible from this development.

If you’re in the market for a new luxury condo or loft in Bucktown, keep up with the latest statistics coming out of the real estate market in the area. Bucktown is part of the Logan Square neighborhood.

Sales of condos and lofts are coming off of all time highs seen during the last two years as the market weakens around the Chicago region. According to the Chicago Association of Realtors, a total of 179 units were sold during the third quarter, a 10 percent drop from the same period last year.

As sales have dropped in the neighborhood, the inventory of unsold condos and lofts on the market has increased. It now takes an average of 111 days to find a buyer in the neighborhood, up from 89 days during the third quarter last year.

Despite the drop in sales and rising inventory of unsold units on the market, the average sales price in Logan Square continued to rise during the third quarter. The average sales price was up 3 percent from the same period last year.

Buyers may want to beware of getting in the market at its peak. If demand doesn’t increase in the short term, prices may start to drop in Logan Square.