Sell your house fast in Loop
Loft conversions on Dearborn Street in Printer’s Row, towers in Lakeshore East and the New Eastside, and units overlooking Grant Park: we buy Loop condos as-is for cash, and the closing date is up to you.
- Cash offer within 24 hours
- No repairs, fees or commissions
- We pay normal closing costs
Your Loop cash offer
No obligation. We never sell your info. Prefer to talk? Call or text (773) 825-9855.
Selling a house in Loop
The Loop is community area 32, Chicago’s downtown. Since the 1920s its boundaries have been the Chicago River on the north and west, Lake Michigan on the east and Roosevelt Road on the south. Bridges link it to the Near North Side and the Near West Side, and the Near South Side picks up below Roosevelt. The 2020 Census counted about 42,300 people, up 158 percent from 2000, and nearly all of that growth was in condo and apartment towers.
Every L line except the Yellow serves the Loop, and the Red and Blue subways run around the clock. Metra trains use Millennium Station, LaSalle Street Station and the Van Buren Street stop, with Union Station and Ogilvie just across the river. Grant Park, Chicago’s oldest park, and Millennium Park, opened in 2004, line the lake side, with Maggie Daley Park next to them. State Street, Michigan Avenue and Wabash Avenue are the main retail streets.
Housing here is almost all multi-unit. By CMAP’s count, about 96 percent of homes sit in buildings with at least 20 units, with a median build year of 2002. About 60 percent went up after 1990, many as towers in the New Eastside and Lakeshore East and along South Michigan and Wabash. About 16 percent are older than 1940, mostly former printing plants, warehouses and office buildings turned into loft condos, especially in Printer’s Row. The Printing House Row District, the Historic Michigan Boulevard District and the Jewelers Row District are Chicago Landmark districts. Dearborn Park, built on old rail yards at the south end, adds townhomes and mid-rise buildings.
A current unit in a tower with healthy reserves often sells well through an agent, and we’ll tell you if yours is one. Our cash offer tends to fit when a loft still has 1990s finishes, when an older conversion faces a masonry or window assessment, when a tenant’s lease runs longer than your timeline, or when an estate needs a downtown unit sold from out of state.
What to expect
Send the form or call, and we’ll see the unit once. You’ll have a written offer inside a day, and we walk you through the sales and repair numbers behind it. Choose your closing date. We close through a Chicago title office and cover the usual closing costs.
Downtown condo sale: what the city and the board need
- Association resale packet. The Illinois Condominium Property Act gives the board 30 days from a written request to supply the declaration, bylaws, rules, financial statement, reserve balance, insurance summary and a statement of any unpaid assessments.
- Board rules on transfers. Some downtown declarations include a right of first refusal or a cap on rented units. We check the declaration early so the closing date holds.
- Transfer taxes. Chicago’s base rate is $3.75 per $500, typically the buyer’s, and the CTA surcharge is $1.50 per $500, typically the seller’s. For each $500, Illinois also takes $0.50 and Cook County $0.25. On a sale to us, that whole tax bill is ours.
- Zoning certification. Skip this one for a condo. The city’s certification covers houses and small residential buildings of up to five units, and it excludes condos and co-ops.
- Probate. An inherited Loop condo usually goes through the Cook County probate court at the Daley Center, a few blocks from most of these buildings.
The title company confirms every requirement for your unit before the closing.
Selling a Loop condo: our cash price or the open market?
| Sell to us | List with an agent | |
|---|---|---|
| Repairs/updates | We handle them after closing | Buyers compare you to new construction |
| Showings | One appointment | Front-desk sign-ins and many visits |
| Commission | None | Typically a percentage of the price |
| Closing costs | We pay them | Seller pays |
| Association approval | We request the packet on day one | Lender and questionnaire reviews add time |
| Timing | About 2–3 weeks, or your date | Weeks to months, plus closing |
| Certainty | Cash, no loan approval | Building issues can stop a loan |
| Price | Below retail, priced for condition | Top price for updated homes |
With so many towers built in the last 25 years, a Loop buyer has plenty of choice, and that pushes dated units down the list. A renovated unit can still compete well on the market. An older loft, a unit with an assessment ahead or a rented unit is where a cash price is worth comparing.
Selling a loft in an older converted building
Printer’s Row grew up around Dearborn Street in the late 1800s as the city’s printing district. Most of those buildings now hold loft condos, and the area is a Chicago Landmark district. That brings large brick and terra cotta exteriors, old freight elevators and big windows, all of which cost money to maintain.
Landmark status doesn’t limit who can buy your unit. It means permit work on features visible from the street goes through review by the city’s landmarks staff, and the association plans repairs with that in mind. If your building has voted an assessment for masonry or windows, or the unit itself still has its original conversion finishes, we can buy it as it sits. We read the budget and assessment schedule and give you one price that already accounts for them.
Three steps. You pick the closing date.
- Tell us about the house
Fill out the form or call (773) 825-9855. A few quick questions, no pressure.
- Get a fair cash offer in 24 hours
We look at the house with you and show you how we got the number. No obligation.
- Close on your date
As soon as 2–3 weeks, or take more time. We close at a local title company and pay your closing costs.
Common reasons Loop owners sell
Nearby areas we buy
Loop FAQ
Do you buy condos in Lakeshore East and the New Eastside?
Yes. We buy units in newer towers and older conversions across the Loop, in any condition.
My loft building is a Chicago Landmark. Does that slow down a sale?
No. The sale itself isn’t reviewed. Landmark review applies to permit work on the building’s exterior, which the association already deals with.
Can you buy my unit if my tenant’s lease runs another year?
Yes. The lease and security deposit transfer to us at closing, and the tenant stays on the existing terms.
What if the board has a right of first refusal?
The board gets the window set in the declaration to waive or use it. We plan the closing date around that window.
Who orders the paid-assessment letter?
The seller requests it from the board or management company, and we help get that request in as soon as the contract is signed.
Can I close on a downtown condo without flying back to Chicago?
Often, yes. Many title companies can arrange mail-away or remote signing for sellers who live out of state.