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Four South Loop lofts for under $300K

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This downtown neighborhood has no shortage of excellent industrial lofts

HomeSmart Realty Group

A number of high-profile new residential towers are set to deliver hundreds of pricey condo units and thousands of new apartments to the South Loop, but those looking to purchase sooner than later have plenty of affordable options. The neighborhood is known for its inventory of excellent industrial lofts. Like the West Loop, the South Loop area has been in constant transition for at least the last few decades, but it’s an area that’s still in reach for many—both geographically and in terms of price.

Here are a handful of industrial lofts on the market right now. Some include parking while others don’t. The one thing they all have in common is that they are all priced under $300,000.

↑ 1801 S. Michigan #305

Seeking a place that’s big on industrial character but relatively low in asking price? This one-bedroom on South Michigan Avenue can be had for $239,900. The unit boasts all lofty characteristics, including large windows, exposed brick walls, and timber support beams. Perhaps surprisingly, indoor parking is included in the asking price.

↑ 1632 S. Indiana #706

Here’s another lofty unit for well under $300,000. This one also features large windows, but the neighboring building isn’t as close. The kitchen has been recently updated and all finishes are bright, white, and clean looking. And like the previous listing, deeded parking is included in the $264,900 asking price.

↑ 1322 S. Wabash #910

Though this one is just a one-bedroom, with over 1,000 square feet of space, it’s quite roomy. It’s got an open kitchen and living room, but the bedroom and bathroom are separate, enclosed rooms offering more privacy than comparable lofts. Parking will cost an additional $30,000 on top of the $279,000 asking price.

↑ 711 S. Dearborn #508

For $280,000, this nicely finished one-bedroom in the heart of Printers Row can be yours. It’s certainly the most contemporary feeling of the bunch with its subway tile and its brass and bronze finishes. It’s also got the priciest monthly assessment at $516.