Monthly ArchiveMarch 2008



chicago-condos Dave on 27 Mar 2008

R+D650 brings luxury condos to West Loop

If you’re in the market for a luxury condo close to downtown Chicago, but don’t want to pay the high price of real estate on the Near North Side, the West Loop is the perfect choice.

This neighborhood has been transformed by luxury condominium and loft conversions that have brought new residents and businesses to the area.  One of the newest developments is R+D659, located at the corner of Randolph and Des Plaines.  This project is led by Mesirow Financial Real Estate.

A total of 236 units will be available at R+D650, with floor plans ranging from one to three bedrooms.  One-bedroom condos offer from 600 square feet of living space, and are priced at an affordable $210,000.  Three-bedroom units offer as much as 1,230 square feet and are listed in the high $600s and low $700s.  Several penthouse units are also available.

Residents enjoy a number of luxury amenities, including 13,000 square feet of retail space on the ground floor, a sun deck, bike storage, and a modern fitness center.  Parking is available in the underground garage.

Browse through the best Chicago Condos For Sale and find the perfect home for you and your family.

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chicago-condos Dave on 26 Mar 2008

Sales dip on Near South Side

Sales of condominiums and lofts on the Near South Side slowed in 2007, after several years of rising demand in the area.  It was the first time that annual sales fell in the neighborhood since 2001.

According to the Chicago Association of Realtors, a total of 1,071 condominiums and lofts were sold in the area in 2007, down from 1,522 condos sold during the previous year.  However, despite the nearly 30 percent drop in sales, it was still the second highest annual total seen in the neighborhood in the last 16 years.

Lower prices weren’t enough to keep demand up in the neighborhood.  The average sales price for units sold in 2007 fell by 4 percent from the previous year.  However, a drop in the inventory of unsold condos and lofts on the market on the Near South Side could keep prices from falling further.

The average turnover time for condos sold during 2007 fell to 127 days, down from 131 days for units sold in 2006.

Buyers are still seeing excellent deals on Chicago Condos For Sale around the Near South Side.  The neighborhood’s excellent location and amenities make it one of the most popular in the city.

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chicago-condos Dave on 25 Mar 2008

Odyssey Lofts

The West Loop is one of the best options for young professionals and families looking for real estate close to downtown Chicago.  The area offers a number of luxury loft developments, and is home to excellent restaurants, nightlife, and cultural events.

Odyssey Lofts is one of the newest developments to come to the West Loop.  This development is another project by W Developments, led by David Wallach.  Located at 775 W. Jackson, Odyssey Lofts offers a number of luxury amenities.

Each unit comes with a top-of-the-line appliance package, granite countertop, an island layout, and custom cabinets in the gourmet kitchen.  The master bath comes with a separate soaking tub and walk-in shower, as well as Kohler fixtures.

Residents also enjoy hardwood floors, oversized windows, and a private terrace.  Many units enjoy excellent views of the downtown Chicago business district.

Residents of Odyssey Lofts can do away with the daily commute and walk to work.  Most of the downtown Chicago business district is a short walk away.  For those who have to travel further afield, the area has several Metra and El stations within just a few blocks.

Odyssey Lofts is one of many new Chicago Condos For Sale around the West Loop.  Browse through the best properties and find the perfect home for you and your family today.

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