Monthly ArchiveApril 2008
chicago-condos Dave on 17 Apr 2008
Lincoln Park 2520
Buyers on the market for a luxury condominium in Chicago won’t want to miss out on some of the best new developments in Lincoln Park. This popular neighborhood enjoys an incredible location and plenty of luxury amenities.
One development that is currently offering preconstruction prices is Lincoln Park 2520, located at 2520 North Lakeview Ave. This 39-story building is a project by RMI Development in conjunction with architect Lucien Lagrange.
Buyers can choose from a number of floor plans at Lincoln Park 2520. One-bedroom units start from $500,000. The largest penthouse units have a total of 9,000 square feet of living space and sell for as much as $10 million. The development will be ready for occupancy in 2009.
Residents will enjoy a number of luxury amenities, including incredible views of the downtown Chicago skyline and Lake Michigan. Residents also enjoy a modern health club, indoor swimming pool, and an indoor parking garage with more than 600 spaces.
Lincoln Park 2520 is an excellent choice for buyers on the market for the most luxurious Chicago real estate in this popular neighborhood. Don’t miss out on the many new Chicago Condos For Sale in neighborhoods around the city.
Technorati Tags: Luxury Chicago Real Estate, Lincoln Park 2520, Chicago Condos For Sale
chicago-condos Dave on 16 Apr 2008
Clearing condo sales plummet
Sales fell for the second straight year in Clearing. According to data from the Chicago Association of Realtors, a total of just 58 condos and lofts were sold in the neighborhood in 2007.
This is a 32 percent drop in sales in just one year and the lowest total sales seen in the neighborhood since 2000.
The decline in demand for condos in Clearing led to a sharp increase in the average turnover time for condos on the market. According to the C.A.R. report, it took condo owners and developers an average of 91 days to find a buyer in 2007. This is more than 50 percent longer than it took to find a buyer in 2006, and is the longest average turnover time in more than 16 years.
However, more buyers could start looking at condos in Clearing as prices continue to drop. The average sales price fell by 3 percent in 2007 to stand at $170,171, making the neighborhood an affordable choice for first time buyers on the market for affordable Chicago real estate.
Keep an eye out for great deals on Chicago Condos For Sale in Clearing as well as many other neighborhoods around the city.
Technorati Tags: Clearing Real Estate, Chicago Real Estate, Chicago Condos For Sale
chicago-condos Dave on 14 Apr 2008
Luxury lofts at 740 West Fulton
If you’re on the market for a luxury loft close to downtown Chicago, the West Loop currently offers several new developments for sale. One of the most luxurious developments is located at 740 West Fulton.
This 14-story development is a project by Thrush Homes, a Chicago-based developer responsible for several luxury condo and loft developments around Chicago. Buyers can choose from several floor plans. One-bedroom units offer from 715 square feet to 798 square feet of living space. A one-bedroom unit plus den ranges from 905 square feet to 923 square feet of living space.
Two-bedroom units offer floor plans starting at 991 square feet and ranging up to 1,395 square feet of living space. The largest penthouse units have three bedrooms and 2.5 baths. These units have as much as 2,242 square feet of indoor living space and a 236 square-foot balcony.
Prices at 740 West Fulton range from the low $300s too more than $800,000. Each unit comes with a parking space in the underground garage. Penthouses come with two parking spaces.
This development is an excellent choice for young professionals and families looking for quality Chicago Lofts For Sale in an excellent location.
Technorati Tags: 740 West Fulton, Chicago Condos For Sale, Chicago Lofts For Sale, West Loop Lofts