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Acorn Lofts

The Near West Side has undergone an amazing transformation in recent years. The area's warehouses have been transformed into luxury lofts, attracting artists, young professionals and families to the area.

One of the most distinctive loft buildings in the area is Acorn Lofts, located at 1017 W. Washington. This seven story building offers a total of 49 lofts. Buyers can choose from several different floor plans, ranging from 1,200 square feet to as much as 3,750 square feet.

Prices for these amazing units start at $320,000 and range up to over $1.5 million for luxury penthouse units. One unit currently on the market is the largest unit available at Acorn Lofts. This three-bedroom and two-bath unit offers a total of 3,750 square feet of living space, and is priced at $1.575 million.

The unit offers a wine closet with space for 225 bottles, two indoor parking spaces, and one outdoor space. Residents of this amazing unit also enjoy views of the downtown Chicago skyline from the oversized windows.

Walk-in closets, an integrated lighting and audio system, and a media room are also included in this unit. The kitchen comes with a Viking appliance package, granite countertops, and custom cabinets. Residents can entertain guests or relax in the sun while enjoying commanding views of the city from the private terrace.

The neighborhood is one of the hottest in the city. Residents can walk to many excellent art galleries, boutiques, and designer shops within a few blocks. The area also offers a lively nightlife, with new bars and clubs opening all the time. Several restaurants can be found within a few blocks.

Acorn Lofts is located just a few blocks from the downtown Chicago business district, making it easy to enjoy a quick walk to work. The area also offers quick connections to the rest of Chicago via the Ogilvie Transportation Center and Union Station. Two expressways are just a couple of blocks from the building.

The building is also close to the University of Illinois at Chicago and the Rush University Medical Center, making it the perfect choice for students and faculty.

If you're in the market for a new condo on the Near West Side, keep up with the latest news and statistics for the real estate market in the neighborhood.

According to recent data from the Chicago Association of Realtors, sales in the area have slowed after several years of heavy development around the neighborhood.

A total of 383 condos were sold during the third quarter. This is a 31 percent drop from the same period in 2006, and the lowest sales the neighborhood has seen during the quarter since 2002.

Prices continued to rise despite the slowdown in sales around the Near West Side. According to the C.A.R. report, the average sales price during the third quarter posted an impressive 11 percent gain over the same period in 2006.

Buyers can expect prices to rise in the neighborhood due to its popularity and excellent location. The inventory of unsold condos on the market was relatively stable during the third quarter. The average turnover time for condos for sale in the area increased by just 3 days.