A Perfect #10 in the West Loop!

No. 10 Lofts

Urban Courtyard Lofts with Terra Cotta appointed brick façade No. 10 lofts is located at 1040 W. Adams between Morgan St. and Aberdeen Ave

The West Loop has an abundance of timber lofts. This neighborhood should be your 1^st choice if you are passionate about loft living. Since there was so much industry and manufacturing in this area, there are now many choices for loft living.

You will pretty much find all of the usual suspects at No. 10 lofts, high ceilings, timber beams or concrete columns, sandblasted exposed brick, stainless steel or black appliances, oak hardwood flooring, gas fireplaces, balconies and in some cases private patios, in-unit laundry, party room and garage parking.

But No. 10 Lofts doesn’t stop there, they offers some pretty amazing extra amenities. Starting with an elegant lobby, they also feature a yoga and pilates studio, private big screen DVD theater, party room with full kitchen, pool table, fitness center with state of the art equipment, 24 hour doorman and a business center.

You also get ample square footage in this building, the one bedroom homes start at 840 o 1250 sq. ft., two bedrooms range from 1200- 1500 sq. ft. and 3 bedrooms 1380 – 1840 sq. ft.

There are 259 homes in the building and currently 21 are for sale, 11 one bedrooms, 9 two bedrooms and 1 three bedroom. Priced from $237k – $425k. For more info on sales and rentals available in the building go to:

http://www.no10lofts.chicagoloftsandcondos.com

Even in this challenging real estate market the sales have remained strong at 1040 W. Adams, with 9 units being sold in the last 6 months alone & 20 in the last 12 months.

The market times ranged from 18 days to 305 days with the average days on market at 165. With most buildings in the West Loop have minimum market times of 6 month’s, No. 10 lofts is selling faster than the average of other buildings in the West Loop.

Ideally located for anyone working in the loop, on a nice day you can walk the 10 minutes to downtown or catch a bus right outside your door. Union and Metra stations are 5 minutes away. You are also only 3 blocks from hopping on the Eisenhower, Dan Ryan or Kennedy Expressway.

The T&C Real Estate Team

Filed under: 1040 W.Adams, Buying a Home, Chicago Condo, Chicago Condo Buildings, Chicago Condo Sales, Chicago Loft, Chicago Lofts, Chicago Properties for Sale, Chicago Real Estate, No. 10 Lofts, Selling your home, West Loop Condo, West Loop Loft

Staging for The WOW Factor

This is a great video about how staging can make your home stand out to buyers.

Filed under: Buying a Home, Chicago Condo, Chicago Properties for Sale, Chicago Real Estate, Selling your Chicago Condo, Selling your home, Staging your Home

Factors to Keep in Mind While Buying a Condo

The choice between single family homes and condos in Chicago is usually not a very easy one. While there would be a vast number of individuals on either side of the fence, i.e. either vehemently for or against opting for Chicago condos, the truth actually lies somewhere in between. Agreed, that there are a number of benefits that condos offer, but there are also various limiting factors that accompany them; we look at some of them in this article, starting with the benefits.

Numerous Shared Resources
A major advantage with condos is the instant access that you gain, to a vast number of shared resources that are already a part of the entire condominium. There is relatively little additional effort involved in gaining access to those resources, unlike in single family homes, where you won’t even have such existing resources, in the very first place. Examples include lounges, pools, exercise rooms, and more. Additionally, costs of electricity, Internet access, Television Cable, etc. are also shared and distributed, dramatically bringing down the cost per household.
Instant Access to a Social Network
Life in independent bungalows can be lonely at times; with condominiums, you have immediate access to people in the vicinity who eventually become a part of your social network. Security too is largely taken care of, in condominiums, as entry of external entities is restricted, and neighbors in the vicinity act as additional security and support in case anything untoward happens.
While the above are some of the advantages of staying in condos, there are a few disadvantages as well, including:
Lesser Privacy
With the additional security and safety that your neighbors give you, they also take away the privacy you experience in your own private bungalow. The experience is all the more stark, if you have always stayed in a family home, and are making the transition to a Chicago condo for the first time.
Limitations of Size and Layout
While an independent house can be structured, laid out and designed as per personal tastes and preferences, condos do not allow that luxury. Invariably, the overall size, shape, layout of the rooms, and the colors used are standard. Even the fittings and fixtures tend to be uniform – often, not to your taste. This can be a severely limiting factor for those with varied tastes and a dash of creativity in their personalities!
Summing up, the choice of opting for an independent family home, or going for a condominium is not an easy one; there are various factors that come into play, both in favor and against each. So, it is up to you which factor affects you the most, and accordingly, you should go about making your choice.

Christine Hancock

Filed under: Chicago Condo, Chicago Condo Buildings, Chicago Condo Sales, Chicago Loft, Chicago Properties for Sale, Chicago Real Estate, Condos

Rates Going Up?

 There are only 2 months left to go (i.e., February and March) in the Fed’s program to purchase $1.25 trillion of the mortgage backed securities. The program originally started with Fed purchases in March 2009 will stop by the end of next month.  Eric Rosengren, the president of the Federal Reserve Bank of Boston, predicted last month that mortgage interest rates will rise by as much as 0.75% when the purchase program ends.  (source: Federal Reserve)

·Fannie Mae Mortgage backed securities are down 28 basis points on the day, leading towards higher interest rates for today and tomorrow

·15 year fixed interest rates are now as low as 4.500% with -0- points, while 20 and 30 year fixed interest rates are as low as 5.000% and 5.125% respectively.

·5/1 and 7/1 ARM rates are still very attractive and are now as low as 4.000% with -0- points and 4.375% with -0- points respectively.

·Interest rates for jumbo loan programs remain very attractive at 4.000% for a 5/1 ARM, 4.375% for a 7/1 ARM, and 5.250% for a 10/1
 ARM, all with -0- points.

Filed under: Buying a Home, Chicago Properties for Sale, Mortgage Rates

New Listing 500 S. Clinton Chicago, Il 60607

Bright, open east facing corner 2 Bedroom/2 Bath home at Clinton Complex. Both bedrooms are fully enclosed & have windows! Beautiful diagonal hardwood floors, Uba Tuba Granite in kitchen, 42″ cabinets, marble master bath, track lighting, 10’6″ ceilings, fireplace in living room, balcony & in unit washer/dryer. 1 block to union station, station/blue line. FHA approved. Full amenity building with a 24 hour doorman.
More Info: www.500sclinton604.com
$290,000 including gated secured parking
Call 312-296-9300 for a showing

Visit our website:www.getanewhome.net

To view all properties fro sale at this location click here

Filed under: 500 S. Clinton, Buying a Home, Chicago Condo Buildings, Chicago Loft, Chicago Properties for Sale, Chicago Real Estate, Clinton Complex, Concrete Loft, Condos, West Loop Condo, West Loop Loft