University Commons down to six unsold lofts

University Commons, 1000 W 15th St, Chicago

I noticed around the turn of the new year that the Coldwell Banker Residential Brokerage sales team at The Enterprise CompaniesUniversity Commons was no longer staffing a sales center and was instead showing units by appointment only. Given the development’s age, I took that to mean that there were only a handful of homes left.

Sure enough, Enterprise has just six lofts left to sell at the 824-home development, says Coldwell Banker agent Erin Ward Hahn. Those homes, all two-bedroom / two-bath lofts, range in size from 980 to 1,217 square feet and in price from the $270s to the $360s. All of the units have been finished with hardwood floors, granite kitchen countertops, stainless-steel appliances and marble bath tiles, and each has some form of outdoor space, be it a balcony, a rooftop deck, or a patio, she says.

Amenities in the old South Water Market buildings – located primarily on 14th Place and 15th Street between Morgan Street and Racine Avenue in University Village – include fitness centers, a clubhouse with a theater room, and an outdoor pool. University Commons’ lofts qualify for eight-year tax assessment freezes under Illinois’ Property Tax Assessment Freeze Program.

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University Commons, 1000 W 15th St, Chicago University Commons, 1000 W 15th St, Chicago

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