Advertising firm owner selling South Loop 2BD

Medium 84ceba86e86b2aee98e4cd6ceaa2b2bb Michael Faye has listed for sale a two-bedroom, three-bath townhome at 1435 Prairie Ave. in the South Loop for $565,000.

Faye bought Unit #H-45 for $504,000 in April 2006. It is part of the 82-unit Prairie Place development. David Auffarth of Keller Williams Realty is the listing agent.

Faye is the principal at Level2 Marketing Group Inc., an advertising and marketing firm in Chicago. He was also the owner of Imagine Creative Group.

He graduated from Ball State University in 1995.

Sales at Prairie Place were down 20 percent from 2007-08, while the median sales price fell 55.9 percent during that time.

There were 533 home sales in the South Loop in 2008, with a median sales price of $300,000.

Address: 1435 South Prairie Avenue
Buyer(s): Michael Faye
Seller(s): David Choe
Sale date: Apr. 6, 2006