An old blue collar city like Chicago brings with itself a plenty of empty buildings, conversions of old factories and warehouses. Chicago has endless opportunities of these “hard” lofts. During the last two decades, there has been a drastic loft conversion rate from these old factories and warehouses in the City of Chicago. Especially in the Downtown Loop and River North, loft conversions have been in massive numbers due to popular demand. In Chicago, lofts usually range in prices from $200K to $2 Million with the average being around $350K.
Chicago Loft Features
Chicago lofts have unique looks with nostalgic colors or exposed old bricks, original wood or steel beams, wood or concrete floors. This look is a unique taste designed for a specific home buyer. High ceilings that are above 10 feet have been especially important for loft lovers. Larger, factory like tall windows and open customizable and dividable large spaces that can be converted into bedrooms, dens, kitchens, and bathrooms are the characteristics of a true loft.
Hard Lofts vs. Soft Lofts
The huge popularity of the original lofts has created another opportunity for real estate developers to create lofts from scratch in different neighborhoods other than the downtown area. Clearly, for a true loft lover, these “soft” lofts are simply not the real thing, but regular condominiums with open spaces and tall ceilings.