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2001 Wabansia

If you’re on the market for a spacious and luxurious loft in one of Chicago’s premier neighborhoods, don’t miss out on the incredible opportunities at 2001 W Wabansia. This development is in the heart of Bucktown, one of the most desirable neighborhoods in the city.

This three-story building has been restored to its former glory, and now offers a total of 10 units, ranging in size from 1,300 square feet to over 2,200 square feet. Buyers can choose from two and three-bedroom lofts.

Prices for the lofts start at $400,000 for a two-bedroom unit and range up to nearly $600,000 for the largest three-bedroom unit.

The lofts at 2001 W Wabansia come with a large list of amenities. Each unit offers hardwood floors, high ceilings, and oversized windows that let in plenty of natural light.

Kitchens come with a breakfast island, granite countertops, appliance package, and custom cabinets. Each unit also comes with a gas fireplace.

The location is one of the main draws for new residents at 2001 W Wabansia. The development is conveniently located one block from the El train. Commuters can get to the downtown Chicago business district in a matter of minutes, and the nearby I-90 and I-94 expressways make it easy to get to anywhere in the suburbs.

Residents also enjoy several restaurants, stores, and services all within a few blocks. North Damen Ave and North Milwaukee Ave are both filled with plenty of options.

The area is home to parks, art galleries, and great nightlife, making it the perfect choice for families and young professionals looking to enjoy an urban lifestyle steps from downtown.

If you’re in the market for a new condo or loft in Bucktown, keep up with the latest news and statistics coming out of the real estate market in the neighborhood to make the right decision for you and your family. Bucktown is part of the Logan Square statistical area.

Sales in the neighborhood have dropped for the last two years after several consecutive years of development. According to the Chicago Association of Realtors, a total of 179 condos and lofts were sold in Logan Square during the third quarter, a 10 percent drop from the same period last year.

As more developments are completed in the area and sales drop, many units are sitting on the market longer. According to the C.A.R. report, the average turnover time in Logan Square was up to 111 days during the third quarter, a 25 percent increase from the same period last year and the longest turnover time since 1997.

However, despite the drop in sales and increasing turnover time, prices continued to rise in Logan Square. The average sales price during the third quarter was up by 3 percent from the same period last year.

Buyers could start to see prices level off or even begin to drop if demand doesn’t pick up in the short term. A weak market across the city could bring a correction in prices to the area.