#units for rent
Units For Rent At Opera Lofts
Tweet Let us hear your
May 21, 2009 There has been an increase in the number of Chicago real estate developers who decide to rent unsold condos until a buyer comes along, not just as a last ditch effort to stave off foreclosure when a construction loan is coming due. Some income is certainly better than none, and word of mouth from a satisfied renter can sometimes prove to be great sales marketing. One loft development that we previously told you had changed management is now also renting units. Opera Lofts. located on 2545 South Dearborn Street, has also gotten FHA approval so that could translate to some serious savings for buyers.
The converted Opera Lofts warehouse has Chicago condo lofts with from one to three bedrooms and one to two baths, all in traditional loft design. The lofts range in size from about 830 to 2,912 square feet and are priced from $239,900 to around $890,000. Rents for the condo lofts run from about $1,300 to $3,000 per month depending on the unit. One of the largest units on the 7th floor is a three bedroom, two bath with 2,862 square feet of living space inside was well as a 798 square foot roof deck. You can also opt for a fireplace in most of the condo lofts.
Unit finishes include GE Energy Star stainless steel appliances, granite counter tops, maple cabinets, oak hardwood flooring, 13 to 30 ceilings, exposed columns, brick and ductwork, HVAC systems plus insulated windows and doors. The baths have Egyptian marble, 6 jet tubs and dual flush toilets. The building sports a green roof and deck, bike storage, dog run, indoor parking and fitness center.
A list of floors and units posted on the Opera Lofts site are as follows.
3rd Floor 33 units total with 14 sold and 6 rented.
4th Floor 6 units total with none sold and 2 rented.
5th Floor 33 units total with 17 sold and 5 rented.
6th Floor 12 units total with 2 sold and none rented.
7th Floor 9 units total with 2 sold and none rented.
Be sure to check out the other Chicago Lofts available right now and we ll keep you posted on any developer incentives.
Opera Lofts, Chicago Lofts, Chicago Real Estate[/tags]
This entry was posted on Thursday, May 21st, 2009 at 2:09 pm and is filed under Mortgage Information .