Monthly ArchiveJanuary 2008



chicago-condos Dave on 28 Jan 2008

Alsip real estate update

Alsip is one of the smaller markets for condominiums in the Chicago region.  However, the area has been hard hit by the downturn in sales around the suburbs.  According to data from the Chicago Association of Realtors, a total of 21 condos were sold during the third quarter, nearly a 50 percent drop in just one year.

It is the lowest total sales the neighborhood has seen during the third quarter since 1998.  As a result of the drop in sales, many condo owners and developers are facing longer waits to find a buyer.  If you’re selling your condo in Alsip, it will now take you ana average of 88 days to find a buyer.  However, this is still well below the average for all of the Chicago region.

Prices continued to rise in Alsip, despite the drop in demand and rising inventory of condos on the market.  The average sales price during the third quarter was up by 13 percent from the same period last year.

Buyers looking for Chicago Condos For Salehttp://www.chicagocondodirectory.com/ in Alsip can find excellent deals in this affordable area.  Browse through the best new condos on the market in Alsip and other parts of Chicago today.

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chicago-condos Dave on 27 Jan 2008

Concerned residents voice concerns over Wrigley development

Residents of Wrigleyville met with developers of a proposed mixed-use development planned for the neighborhood on Wednesday.

The development would be located along Addison Street, between Sheffield and Clark.  Plans call for about 150 apartments and a hotel, which according to some reports would be a Hyatt.

However, residents are concerned that the height of the project, which exceeds current zoning restrictions in the neighborhood, could have a negative effect on the neighborhood.  The development could add further congestion to the neighborhood, which has already seen many new condo projects over the past few years.

The proposed apartments would have floor plans averaging about 800 square feet.  According to the developer, the monthly rent for the units would average around $1,800.  The development would also add parking and retail space to the neighborhood.

The developers will have to work hard to come to a consensus with concerned neighbors.  Wrigley Field is one of the most revered landmarks in Chicago, and the project’s proximity to the stadium is sure to fuel a healthy debate in the weeks to come.

Find great new Chicago Condos For Sale in Wrigleyville and enjoy living in one of Chicago’s up and coming neighborhoods.

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chicago-condos Dave on 27 Jan 2008

Concerned residents voice concerns over Wrigley development

Residents of Wrigleyville met with developers of a proposed mixed-use development planned for the neighborhood on Wednesday.

The development would be located along Addison Street, between Sheffield and Clark.  Plans call for about 150 apartments and a hotel, which according to some reports would be a Hyatt.

However, residents are concerned that the height of the project, which exceeds current zoning restrictions in the neighborhood, could have a negative effect on the neighborhood.  The development could add further congestion to the neighborhood, which has already seen many new condo projects over the past few years.

The proposed apartments would have floor plans averaging about 800 square feet.  According to the developer, the monthly rent for the units would average around $1,800.  The development would also add parking and retail space to the neighborhood.

The developers will have to work hard to come to a consensus with concerned neighbors.  Wrigley Field is one of the most revered landmarks in Chicago, and the project’s proximity to the stadium is sure to fuel a healthy debate in the weeks to come.

Find great new Chicago Condos For Sale in Wrigleyville and enjoy living in one of Chicago’s up and coming neighborhoods.

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