Heartbreak Loft Ends Up In Heartbreak

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A few weeks ago I talked about a loft in the West Loop that was advertised on Craigslist as “pre-foreclosure.”

It was a 1700 square foot 2 bedroom, 2 bath authentic loft at the Heartbreak Lofts at 17 N. Loomis.

Unit #2K: 2 bedroom, 2 baths, 1700 square feet

  • Previously sold for $378,000 in January 2006
  • Was originally listed for $399,000
  • Lowered in the last few weeks to $350,000

It is now listed as going to foreclosure auction this week.

  • Auction price of $301,870

$300,000 for a two bedroom, two bath in the West Loop?  Not a bad deal even with a kitchen and baths that need to be remodeled. 

Stay tuned.

5 Responses to “Heartbreak Loft Ends Up In Heartbreak”

  1. Sounds reasonable now. Does it have in unit laundry? Parking? Outdoor space?

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  2. There was parking available with the building (don’t know about the unit.) There is no outdoor space with the unit (but a common rooftop deck.) There is in-unit laundry.

    Anyone know about the other unit that was for sale in the building only a few weeks ago? Same tier. I’m assuming they took it off the market (or rented it out) after realizing they couldn’t compete with a price of $301,000. That unit was more upgraded and priced higher than $350,000- but still.

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  3. Streeterviille Realtor on September 25th, 2007 at 9:08 pm

    after 165 days, 3K was taken off the market. Originally priced at 394,000 and then reduced to 376,000 plus parking….not a real price reduction, just removed parking. Agent owned

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