How We Secured a West Loop Chicago Condo $30K Under List Price

Finding an incredible deal in Chicago’s West Loop real estate market isn’t easy — but with the right strategy and local expertise, it’s possible. I recently helped my client purchase a beautiful 2-bedroom, 2-bath condo in a full-amenity West Loop high-rise for $30,000 under the original list price, including a parking space and storage unit.

Here’s how we made it happen — and what you can learn if you’re thinking about buying a West Loop condo or Chicago high-rise home yourself.

Understanding the West Loop Market

The West Loop is one of Chicago’s most desirable neighborhoods, offering a perfect mix of luxury living, top-rated restaurants, and proximity to downtown and the Fulton Market District. Because of its popularity, West Loop condos for sale often move quickly and close at or above asking price.

Before submitting any offers, I completed a full comparative market analysis (CMA), studying recent sales in the same building and nearby developments. This research showed us where the true market value was — not just the seller’s list price — giving us the confidence to negotiate strategically.

Timing and Offer Strategy

The listing originally came to market priced higher than recent comparable sales. After several weeks without an accepted offer, we noticed price reductions and indicators that the seller was becoming more flexible.

When my client was ready to move, we positioned our offer to be both competitive and compelling — strong terms, flexible closing timeline, and clean contingencies — while still preserving room for negotiation.

Because we understood the seller’s motivation and the current market dynamics, we were able to craft an offer that stood out and ultimately saved my client $30,000.

Negotiation and Value

Our final deal included not just the condo itself but also a deeded parking space and extra storage unit — both highly sought-after amenities in West Loop high-rise buildings.

With clear communication, thoughtful negotiation, and attention to every detail during attorney review and inspection, we kept the transaction smooth and stress-free from start to finish.

The Takeaway for West Loop Buyers

Even in a competitive market like the West Loop, there are still opportunities for buyers who understand timing, pricing, and strategy. Whether you’re looking for a luxury West Loop condo, a new construction loft, or a downtown Chicago high-rise, working with an experienced agent who knows the neighborhood inside and out can make all the difference.

Thinking About Buying in Chicago’s West Loop?

If you’re ready to explore West Loop condos for sale or want expert guidance on how to find the right deal, I’d love to help you navigate the process.

Matt Ayo
Realtor®, Compass | The Ben Lalez Team
📍 West Loop | Chicago Real Estate Expert
📧 matt.ayo@compass.com | 📞 [312-826-2104]