THE STRAND ARTISTS LOFTS is an exciting, new affordable artists’ condominium development. The Lofts are located in the historic Strand Hotel, 6315 S. Cottage Grove Avenue.
The Strand Hotel was one of the prime commercial and entertainment venues South of the Chicago Loop, during the roaring 1920’s. The historic structure was finally vacated in 1990, and left in a state of disrepair. The renovation of this remarkable five story building will be Chicago’s first affordable artist’s housing community on the South Side.
DESIGN AND DETAILS
The building is notable for its impressive array of unique architectural features, and has been approved as a potential candidate for the National Register of Historic Places. The condominium complex will complement the building’s historic architecture with a host of contemporary amenities, including:
• Intercom system • Hardwood floors • Large sliding windows • Oversized balconies • Secure on-site parking
• Marble stairs • Wide doorways and halls • Elevator • Multi-purpose room • Individual storage spaces
•Roof Access •On-site laundry
facility, and more…
The Strand Artists Lofts will offer 36 homes, ranging from 960 to 1060 square feet, affordably priced from $208,888. ALL QUALIFIED BUYERS, REGARDLESS OF HOUSEHOLD INCOME, ARE AUTOMATICALLY ENTITLED TO A $13,888 REDUCTION IN THE PURCHASE PRICE. Available subsidies can reduce the price as low as $155,000.
The Strand Artists Lofts also offers prime ground floor commercial space of approximately 8,000 square feet, which can be subdivided and used for multiple retail purposes.
CONVENIENT LOCATION
The building is located just steps away from the Chicago Transit Authority’s 63rd Street Green line station, and Cottage Grove Avenue bus line. The Strand Artists Lofts is on the same block as The Grand Ballroom, an immaculately restored 1923 jazz venue, and just a few blocks south of the planned Logan Center for the Creative and Performing Arts at the University of Chicago.
