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Barrymore Lofts

Lakeview offers a number of innovative loft and condominium projects. The neighborhood continues to be one of the most popular areas for young professionals and families looking for a unique urban lifestyle minutes from the heart of downtown Chicago.

One of the most innovative loft projects in Lakeview is Barrymore Lofts. This converted parish house is a distinctive piece of the architectural history in the neighborhood. Barrymore Lofts offers a total of 10 units. Floor plans range from 1,000 square feet to 2,000 square feet.

Residents of Barrymore Lofts enjoy a number of luxurious amenities. Kitchens come with a stainless steel appliance package and custom cabinets. Baths come standard with a Jacuzzi tub, separate shower, and top-of-the-line fixtures throughout.

Barrymore Lofts also offer excellent outdoor space. Penthouse units have large terraces with plenty of room to have a barbecue with friends or relax in the sun. Heated, indoor parking is also available.

Prices for these luxurious lofts start at $500,000 and range up to $700,000 for the largest penthouse units.

Lakeview is home to many young professionals and the businesses that cater to them. Residents enjoy an active nightlife, excellent shopping, and restaurants serving cuisine from around the world.

Wrigley Field is also just minutes away from Barrymore Lofts. Residents can enjoy the incredible atmosphere of a Cubs game and the postgame celebrations that go into the early hours of the morning in bars around the stadium.

If you commute to work everyday, the neighborhood offers several excellent connections via public transportation. Take the El at the station on W. Wellington Ave, located within a five-minute walk of Barrymore Lofts. Buses and taxis are also readily available around the neighborhood.

If you’re looking to get out and enjoy the outdoors, the parks and beaches along the Lake Michigan shoreline are just a few minutes to the east, offering excellent walking and biking trails.

Buyers on the market for condominiums and lofts in Lakeview should stay up to date with the latest news coming out of the real estate market in the neighborhood.

Lakeview continues to be one of the most active neighborhoods for condo sales. However, sales are starting to fall in the area. A total of 700 condominiums and lofts were sold during the third quarter, according to a report from the Chicago Association of Realtors. This is a 6 percent drop in sales from the same period last year and the second consecutive year of declines in the neighborhood.

However, condo owners and developers can breathe easier as the inventory of unsold units has remained steady, despite the drop in demand in the area. If you’re selling your condo or loft in Lakeview, it will now take you an average of 94 days to find a buyer. This is just two days below the average for all of Chicago.

Prices for condos and lofts in this popular neighborhood continued to rise during the third quarter. The average sales price during the period was 4 percent higher than last year. However, prices could start to level off if demand continues to drop in the neighborhood. Many parts of Chicago are already seeing lower prices, and whether Lakeview condo prices will drop remains to be seen.

Buyers should be on the lookout for lower prices for condos and lofts around Lakeview.