River Park Lofts
If youâ€™re in the market for a luxury loft in north Chicago, donâ€™t miss out on the many excellent developments on sale today in North Center.
One of the newest developments in the area that offers incredible luxury lofts is River Park Lofts, located at 2222 West Diversey along the banks of the Chicago River. This four-story rehabbed building offers a total of 42 units and 19 townhomes in a private, gated community.
Buyers can choose from units ranging in size from 1,000 square feet to over 2,000 square feet, making this development perfect for both the first time homeowner and a larger family looking to live close to downtown Chicago. Prices start in the mid $200s for the smallest units and range up to the mid $300s.
One unit currently listed on the market is a two-bedroom and one bath loft. This unit is priced at $299,999. Monthly assessments for this property are $207.
Residents of River Park Lofts enjoy a number of excellent amenities, including an open gourmet kitchen with an appliance package and granite countertops. Residents also enjoy timber ceilings, exposed brick walls, and hardwood floors throughout the main living areas.
Oversized windows offer incredible views of the downtown Chicago skyline in the distance, and let in plenty of natural light. Residents also enjoy private balcony space, in-unit laundry, and a gas burning fireplace.
The building comes with a rooftop deck, the perfect place to entertain friends and get to know the neighbors while enjoying the amazing views. Parking is also available in the attached, heated garage. An indoor pool is also available to residents of River Park Lofts.
These luxury lofts are located near the expressway, making it easy for residents to get anywhere in the city quick. Downtown Chicago is served by CTA buses that run along N Clybourne and N Elston Avenues.
The neighborhood is just steps from the best restaurants and nightlife in up-and-coming Bucktown, making it easy for residents to get out and enjoy a night on the town and leave the car at home.
If youâ€™re looking to buy a new condo or loft in North Center, keep track of the latest stats coming out of the market to make the right decision.
According to recent data from the Chicago Association of Realtors, North Center showed one of the strongest markets of any neighborhood in the city. Sales were at their highest point in 16 years during the third quarter. A total of 165 units were sold during the period, a three percent increase from last year.
However, despite strong sales in the area, the number of units on the market continued to increase. According to the C.A.R. report, the average turnover time for condos and lofts on the market in North Center broke the 100-day barrier during the third quarter. It now takes an average of 103 days to find a buyer, an 18 percent increase from last year.
This added competition may have been the reason that buyers saw lower prices around North Center. The average sales price for condos and lofts sold during the third quarter was $367,422, a two percent drop from last year and the first time prices have dropped in the neighborhood since 2001.
Buyers should look out for great deals on condominiums and lofts around North Center.