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2326 W. Wabansia Townhomes

Bucktown was once known as a neighborhood of cheap rents and abandoned buildings. However, today the neighborhood has been transformed into one of the premier areas for young professionals and families looking to enjoy an urban lifestyle close to downtown Chicago.

There are several excellent new opportunities for families looking for large luxury condominiums and townhomes around the neighborhood. One of the most luxurious opportunities in Bucktown is 2326 West Wabansia Townhomes. These gigantic townhomes offer a number of floor plans, ranging from 3,100 square feet to 4,700 square feet. A total of 33 units are available.

Prices for these luxury townhomes start in the low $800s for the smallest unit and range up to over $1.2 million for the largest residences.

Residents of the townhomes at 2326 West Wabansia enjoy all of the best luxury finishes and amenities. The gourmet eat-in kitchens come with a stainless steel appliance package, granite countertops, and custom cabinets. A separate dining room is perfect for formal dinners and entertaining guests.

The large living room includes a wood burning fireplace and oversized windows that let in plenty of natural light.

The location of these townhomes at 2326 West Wabansia is another one of the main draws for buyers in Bucktown. The development is located close to public transportation, restaurants, nightlife, and shopping. There are also several parks nearby, including the gigantic Humboldt Park.

Commuters will love the easy connections to the downtown Chicago business district. The El train and CTA buses offer convenient service to the neighborhood. The nearest El station is located four blocks from the townhomes at 2326 West Wabansia.

The neighborhood offers plenty of shopping. Damen Avenue and North Avenue are home to boutiques, art galleries, convenience stores, and restaurants. North Avenue is home to some of the best bars in the neighborhood.

If you’re in the market for a new condominium or townhome in the neighborhood, keep up to date with the latest news coming out of the real estate market to make the best decision for you and your family. Bucktown is part of the Logan Square neighborhood.

After several years of rising sales in the neighborhood, activity has dropped off as a result of problems in the mortgage market. Many buyers are unable to qualify for a loan under tighter requirements from banks and lenders.

A total of 179 units were sold in the neighborhood during the third quarter, a 10 percent drop from the same period last year. It is the second consecutive year of declining sales in Logan Square.

As sales drop in the neighborhood, condo owners and developers are waiting longer to find an interested buyer. It now takes an average of 111 days to sell a unit in Logan Square, 22 days longer than last year.

However, despite the drop in demand, prices continued to rise in Logan Square. The average sales price during the third quarter was 3 percent higher than during the same period in 2006. Prices could start to drop if demand doesn’t pick up in the neighborhood.

However, the market for luxury townhomes may resist this general downturn in the market. With an average sales price of $334,917, the townhomes at 2326 West Wabansia are for a luxury niche market that should be resistant to abrupt changes in price.