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McKinley Park Loft Feeling the PriceChopper Pain Again

Remember this place? The 2BD, 2BA unit in the McKinley Park Lofts was last visited by the PriceChopper in February, when it was priced at $99,900 ($84 per square foot). We thought that was a pretty good deal, but since then it has gotten two more price reductions of $10,000 apiece, bringing the asking price down to $79,900 ($67 per square foot). That's quite a bargain if you consider that the place sold for $243,000 in 2006. (On the other side of the table, it's not looking like a great return on investment for the seller). This is the fourth time the price has been reduced in four months — will it be the last?
· Listing: 2323 W. Pershing Rd. Unit: 111 [Realtor.com]
· 2BD, 2BA in McKinley Park Lofts for Less Than $100,000 [Curbed Chicago]