Fulton Market housing prices aren’t cheap – no surprise in such a hot neighborhood

What’s the hottest neighborhood in the city of Chicago today? You could make a case for Fulton Market.

This neighborhood in the West Loop area of Chicago is home to big-name employers such as Google, McDonald’s and Glassdoor. It’s dotted with trendy coffee shops, restaurants and bars. And renters are gobbling up converted lofts as soon as they hit the market.

This is all a bit sudden. There was a time not too long ago when Fulton Market was quiet. Today, though, it’s booming.

It’s little surprise, then, that some expensive real estate is hitting the market in this slice of Chicago. Crain’s Chicago Business recently ran a look at one of these properties, a loft that will soon be for sale in the sixth floor of a Fulton Market building. The property, which hadn’t hit the market at the time of Crain’s story, was expected to be listed for $2.45 million. The owner paid $1.25 million for the home in April of 2012.

The 3,750-square-foot home boasts a relaxing terrace area, one of its main selling points. As the Crain’s story says, the terrace is walled in on three sides by the loft’s windows and doors. Its fourth side is protected by a row of potted shrubs. This results in a quiet, peaceful oasis in the middle of this busy neighborhood.

The home once served as an industrial building. And, as the Crain’s story says, you can still see touches of that past. This includes timber beams, wood ceilings, brick walls and exposed utility ducts.

The home also features plenty of modern amenities, including a kitchen that was renovated by a restaurant chef, built-in shelving and a built-in sound and light system. There’s also a rooftop deck, shared with the other residents of the building, that provides a panoramic view of the city.

Interested in a home in the Fulton Market area? Your best bet, especially in such a hot Chicago neighborhood, is to work with a REALTOR® who knows this area. This pro can help you find the right home at the right price.