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

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

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

Regal Lofts home of the former The A.L. Sausage and Packing Co.

Have you seen Louisa Luetgert? Many of the downtown Chicago Loft buildings have some very interesting history’s. Everything from Clothing Factories, Shoe factories, Vacuum Cleaner Manufacturer’s, Bakeries and Textile companies. But none has such a “Spooky” History as the Regal Lofts in Lakeview at 1735 W. Diversey Parkway. Home of the former The A.L. Sausage and Packing Co. and the “THE SAUSAGE VAT MURDER” Read the rest of the story and judge for yourself…AT MURDER
Ghosts and Ghoulishness Surrounding a Horribleohttp://www.prairieghosts.com/sausage.html

·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.

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

THIS WEEK

Most Expensive Listing   $ 14,000,000

Median List Price    $ 384,435

Least Expensive Listing   $10,900

Asking Price per Square Foot $ 248

Total Inventory   12479

Average Days on Market 285

Asking Price per Square Foot $ 248

Percent of Properties with Price Reductions 36 %

Percent Relisted (reset DOM) 11 %

Percent Flip (price increased) 2 %

Median Size (sq ft)  1,187

Median Number of Bedrooms  2

Median Number of Bathrooms   2

How’s The Market?  COLD – BUYER’s Market!

* “Absorbed” covers properties sold and those taken off the market for other reasons. Since sales sometimes take months to close, it is impossible to discern in real-time exactly which properties sold.

January 10, 2010

The busiest season for home sales traditionally begins the day after the Super Bowl. But putting off getting the word out about your property would probably be a mistake, some experts say.

Reporting from Chicago – It’s nearly spring — at least that’s the case in the parallel, slightly weird universe of real estate.

Traditionally, the “spring” home buying season, theoretically the busiest time in the marketplace, begins the day after the Super Bowl. Why this is so has never been clear, but it probably has something to do with finally being able to pry spouses off the couch to tour houses.

This year, “spring” arrives later than usual: The big game is Feb. 7.

But if you’re thinking of selling, waiting to list until the bowl festivities have passed probably is a mistake in the current market, according to some experts.

If you’re new to the selling game or haven’t sold a house in years, here are a few thoughts:

* Think about planting that “for sale” sign in the yard before your neighbor gets around to doing the same thing.

“We’re going to see a lot of property coming on the market,” said James Kinney, vice president of luxury home sales for Chicago-based Baird & Warner Real Estate. “We’re going to see everything that people took off the market in the fall, knowing they were going to be back in the spring.”

Plus there will be genuinely new listings in addition to the continuing cascade of foreclosures and short sales, he said.

* Don’t be surprised if, in determining an asking price, listing agents emphasize how much the competition is asking, rather than relying solely on data for recently sold homes.

Agents have always at least considered what else is on the market in setting an asking price, said Jim Merrion, regional director of Re/Max Northern Illinois.

“Now there’s more weight being placed on the current inventory, because in many cases it’s pushing prices to lower levels,” Merrion said. “I don’t know if it’s the effect of HGTV shows or what, but now we’re seeing agents taking sellers right into active listings” to get a true comparison of what they’re up against. “That never used to happen.”

Still, there’s a danger in relying too much on what the guy down the street is asking.

“An awful lot of listings are wrongly priced,” Kinney said. “If people use those as a guidepost, they could get into trouble. Do a combination of historical data and looking at who you’re competing against, once you’ve determined whether they’re valid prices.”

* And then there’s the thorniest issue: Most people have inflated notions of their home’s value in this boom-gone-bust market.

Experimenting with trying to net a price that’s rooted in the past can taint a house as an “old” listing, Kinney said.

“If you’re asking a price commensurate with or higher than prices achieved in 2006 and 2007, you’re incorrectly priced,” he said.

Umberger writes for the Chicago Tribune.