Short sales have become somewhat common in Chicago and throughout today’s real estate market. If you’re a buyer in Chicago and looking for a great loft space, you should be able to find some exceptional deals in the trendy West Loop neighborhood. For those buyers unfamiliar with this type of real estate transaction, a short sale is when a home owner and lender agree to selling terms for less than what is still owed on the home. The main objective of a short sale is to ultimately avoid foreclosure, but often times such real estate transactions can take longer than expected.
If interested in short sale West Loop lofts, there are currently two properties available at 1301 West Madison-#605 and #504. 1301 West Madison #504 is a 1 bedroom, 1 bathroom loft with and asking price of $199,900, while 1301 West Madison #605 is a two bedroom, 1 bathroom loft with a current asking price of $210,000.
For more information on West Loop lofts for sale and other short sale condos in Chicago, contact Ted Guarnero at (312) 810-6693.