South Loop’s Chess Lofts Slashing Prices

May 07, 2010

Chicago’s South Loop has been going through a conversion over the last decade from a warehouse neighborhood to a vibrant area with new lofts and condos.

Chess Lofts in Chicago's South Loop.

Chess Lofts is one of those exciting residential options, and its new agents, Weichert, Realtors — Frankel & Giles, have announced a slash in prices.

Located at 320 E. 21st St. in the South Loop, the building is a 2007 redevelopment from the former warehouse and studio of Chess Records, an American record label that specialized in Rhythm and Blues in the ’50s and ’60s that was run by brothers Leonard and Phil Chess. Chess Records is now being handled by Geffen Records.

The realtors announced that there are three models available for viewing, 12 units ready for immediate occupancy and 48 one- and two-bedroom lofts for sale. Prices originally started at $239,000; they have now been dropped to $194,000.

The building, which is near the lake, McCormick Place and Soldier Field, is pet friendly and has a dog run.  There is also a fitness center and rooftop deck with great views.

The modern lofts boast hardwood floors, high ceilings, large windows and lots of exposed concrete. Garage parking is extra at $35,000 a space.

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