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]