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Vinery Lofts

Lincoln Square is one of the strongest real estate markets in Chicago, with strong sales and increasing prices. The area offers an excellent lifestyle and is located minutes from downtown Chicago, with several luxurious condo and loft developments currently available on the market.

One loft development currently on the market is Vinery Lofts, located at 2943 Lincoln Avenue. The project was led by RDM Development, which converted a commercial winery from the early 20th Century. The company has a long history of building high quality lofts around the Chicago region. Previous projects include 1400 Lake Shore Drive and Marquette Village.

The two-phase project at Vinery Lofts offers a total of 26 oversized lofts. Buyers can choose from a number of different floor plans. One unit currently listed on the market is a three-bedroom and two-bath loft offering a total of 1,600 square feet of living space. This loft is priced at $474,900, with one heated indoor parking space included in the price.

Residents of Vinery Lofts enjoy large open floor plans with high ceilings. Some units offer a duplex layout with oversized windows that let in plenty of natural light. Hardwood floors, timber ceilings, and exposed brick come standard with each unit.

Units come with an appliance package, granite countertops, and a breakfast bar in the kitchen. Each unit also offers a washer and dryer, fireplace, and lots of extra storage space.

Residents can enjoy a warm evening on the rooftop deck, which offers plenty of space to unwind and meet the neighbors or entertain friends.

The location of Vinery Lofts is one of the main draws for residents and buyers. The development is located close to restaurants, shopping, nightlife, and public transportation.

Commuters will enjoy easy access to the downtown Chicago business district via CTA buses that run along Lincoln Ave and Racine Ave. The nearest El station is just four blocks away at Wellington Ave and Sheffield.

Lincoln Ave also offers plenty of options for shopping, eating out, and going out for a night on the town.

If you’re in the market for a new condo or loft in Lincoln Square, the latest statistics coming out of the real estate market can help you make an informed decision.

Despite a drop in sales across the Chicago region, Lincoln Square has seen an increase in activity during the third quarter. According to the Chicago Association of Realtors, a total of 153 condos and lofts were sold during the third quarter, a 20 percent increase from the same period last year and the highest total for the third quarter in more than 16 years.

The turnover rate in the area was steady during the third quarter. Condo owners and developers who are currently selling their property in Lincoln Square waited an average of 93 days to find a buyer. This is only three days longer than last year and is below the average turnover time for all of Chicago.

Strong sales during the third quarter led to higher prices for condos and lofts in Lincoln Square. The average sales price during the third quarter was up by 10 percent from the same period last year, and could continue to rise if sales remain steady in the area.