LOOP CONDOS

Ahh, a Loop condo, where you can live in the heart of it all. The pulse, the nerve center of all of Chicago. Ol’ Blue Eyes, Frank Sinatra, immortalized this great city in the timeless song “My Kind of Town.” He knew all about State Street, that great street. And although downtown Chicago has lost much of the blazing neon from Sinatra’s time, the Loop is still vibrant and alive. Why not be there, too, with your very own Loop condo?

A “back to the city” movement emerged as urban professionals and downsizers decided to buck the more common trend of moving further away from the central city. Recognizing the city’s efforts to revitalize the downtown area, people began looking for housing that was convenient to work and public transportation. Loop condos in Chicago became available through conversions of existing buildings and construction of new high-rises.

Although traditionalists refer to the Loop specifically as the area of downtown encircled by the elevated rapid transit rapid structure, in more common conversation the Loop is usually regarded as the entire downtown area in general. Having a lunch date or a business meeting in the Loop doesn’t strictly mean within the boundaries of the elevated structure. And so, for the purposes of this article, Chicago Loop condominium properties can also refer to condos located within the general downtown area.

Loop condos are typically higher end, higher priced and luxurious. An address in downtown Chicago is one of prestige. If you are interested in buying a Chicago Loop condo, pricing is coming down and amenities are often being included due to the current state of the economy. The condo specialist Realtors® at OwnACondo.com will work with you to find the very best match for your affordability and desires. Incentives available can include appliance upgrades, deeded parking discounts and more.

Don’t overlook the benefit and value of purchasing a parking space with your Loop condo, if possible. Even if you currently don’t own a vehicle, parking is a rare commodity downtown. It can possibly be used to generate rental income from a neighbor who doesn’t have a space (or who needs an additional space). Having a parking spot with your condo will almost undoubtedly make your Chicago Loop condo more attractive when you want to sell.

We’re Chicago’s leading condo specialists and we want to help you buy or sell a Loop condo. Use OwnACondo.com to search without charge, or we’ll be happy to do it for you. Condo financing resources are also available. Call us today at 866-696-2266.