In historic but still-undermanned Motor Row, a fifth-floor 2/2 timber loft beckons with 21' ceilings, a sizable roof deck and a fair asking price of $425K. If you're waiting for other frontiersmen to catalyze redevelopment of the many vintage auto showrooms in this chunk of the South Loop, don't. City leaders have been touting big plans for years with no timeline in place. The good news: converted residential properties do exist and are relatively cheap; ever-expanding convention hotels theoretically bring more money to the streets; and the Cermak-McCormick Place Green Line Station has broken ground. This 1,755-square-foot unit puts you at the center of these (hopefully benevolent) swirling forces. Want to spend less? A short sale has humbled a second floor one-bed to where it's about to sell for $150K.
·Listing: 2303 S Michigan Ave. #504 [@properties]
·Short Sale: Motor Row Timber Loft w/ 14' Ceilings, Private Deck [Curbed Chicago]
·Motor Row Coverage [Curbed Chicago]