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After a Year of Price Cuts, McKinley Park Loft Increases By $26K

"Let's get this closed!" says the listing for this 2BD, 2BA unit in the McKinley Park Lofts. We're sensing that the listing agent's patience is starting to break. We've been tracking Unit 111's price history and inability to sell for much of the past year. The unit last sold for $233,000 in 2007, and after returning to the market in November 2010, the price started spiraling downward, until it went under contract at $79,900. Then, over the weekend, it came back on the market as a bank-approved short sale, listed at $106,499 — $26,600 more than the previous sale price. Parking, which was previously sold separately for $15,000, is now included in the price.
· McKinley Park Loft Feeling the PriceChopper Pain Again [Curbed Chicago]
· 2BD, 2BA in McKinley Park Lofts for Less Than $100,000 [Curbed Chicago]