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Pure

The West Loop offers a wide selection of quality new Chicago condominiums and lofts that are both affordable and luxurious. The neighborhood has been transformed into one of the most popular destinations for young professionals and artists looking to enjoy a true urban lifestyle.

One condominium development that combines glass, concrete, and steel into a unique and modern mix in the West Loop is Pure. Pure is located at 24 S Monroe Street. This 10-story development was completed in 2007, and offers a total of 68 units for sale.

One unit currently on the market is a one-bedroom and one-bath condominium that offers an open floor plan. This condominium is priced at $249,000. A larger two-bedroom and two-bath condominium is also available. This unit has a total of 977 square feet of living space, and is priced at $349,000.

Residents of Pure enjoy a number of luxury amenities, including granite countertops, a Bosch appliance package, and bamboo floors in the gourmet kitchen. Residents also enjoy floor-to-ceiling windows that open out to excellent city views. Bamboo floors are offered standard throughout the main living areas, and each bedroom comes with plush wall-to-wall carpeting.

The development also comes with a long list of common amenities. Residents of Pure enjoy access to a heated parking garage. Deeded parking can be bought for just $17,500. The building is pet friendly, and offers plenty of storage space, a bike room, and a party room. Residents also enjoy access to a sundeck, the perfect place to get to know the neighbors or enjoy time with friends and family.

The West Loop offers a number of restaurants, nightlife, and excellent shopping all within a few blocks of Pure. Randolph Street is the center of nightlife and dining around the West loop, and is located just a couple of blocks north of Pure.

Residents can also enjoy the excellent location close to downtown by walking to work every day. Most of the downtown Chicago business district is within a short walk from home, allowing you to save time and stay in shape on your way to work. Public transportation is readily available at the Ogilvie Transportation Center and Union Station.

The Near West Side also continues to enjoy an active real estate market despite a recent drop in sales of condominiums and lofts. According to data from the Chicago Association of Realtors, a total of just 228 condos and lofts were sold during the first quarter on the Near West Side, down from 382 units sold during the same period a year ago. It was the second straight year of declining sales during the first quarter.

Declining sales in the neighborhood led to a drop in prices for condos and lofts. The average sales price during the first quarter was off 3 percent from the same period last year, and could continue to drop in the short term. While condo owners and developers are not facing the slowest market ever, the average turnover time is far above the average for all of Chicago, reaching 164 days during the first quarter.