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Elysees Private Residences

The Magnificent Mile is one of the hottest pieces of real estate in all of downtown Chicago. This famous stretch of Michigan Avenue offers the best shopping in the city, and is steps from nightlife, restaurants, and cultural events. The area is also home to excellent luxury condominium developments.

One of the most exclusive developments in the neighborhood is located at 111 East Chestnut St. The Elysees Private Residences offers studios, one, two, and three-bedroom condominiums both for sale and for rent.

There are currently a number of units listed on the market. The most affordable condominium currently available at the Elysees is a studio unit listed for $245,000. This same unit is also available for rent, and is priced at $1150 per month. Another opportunity for professionals is a one-bedroom unit on the 19th floor. This east facing condominium is listed at $379,900. Other one-bedroom condominiums in the building are priced from $399,900 to as much as $495,000.

Several two-bedroom condominiums are also available at the Elysees Private Residences. Prices for these units start at $685,000 and range up to as much as $1,595,000 for a two-bedroom plus den model on the 52nd floor. A two-bedroom unit is available for rent for $3,750 per month. The largest three-bedroom unit currently offered on the market is listed at $885,000.

Residents of Elysees Private Residences enjoy an incredible list of amenities, including floor-to-ceiling windows that offer some of the best views in the city. Many units have both skyline and lake views.

Other amenities include a 24-hour doorman service, fitness center, and on-site parking. Units come with a modern appliance package, hardwood floors, granite countertops, and washer and dryer hookups.

The Elysees is located in one of the hottest neighborhoods in the city. Streeterville, the Gold Coast, and River North are all within just a few minutes of this incredible development.

Residents enjoy the best shopping in Chicago on the Magnificent Mile. This famous stretch of Michigan Avenue is located just a half block away. There are also innumerable restaurants, clubs, and cultural events within just a few blocks from home.

Commuters will love the easy walk to work. Many of the largest buildings in the city are right next to Elysees, and the rest of downtown Chicago is all easily reached by walking. There are several CTA buses and an El station located nearby.

The Near North Side continues to be the most active market for condominiums in the Chicago region. According to the Chicago Association of Realtors, a total of 846 condos were sold in the neighborhood during the third quarter.

This is a slight drop from the same period in 2006, when 884 condos were sold, and well off the highs seen in 2003. However, the drop in sales in the area hasn't affected prices.

As ultra-luxurious developments such as the Chicago Spire and the Trump Tower are built, prices should continue to move up as more people choose to move back downtown to enjoy an unbeatable lifestyle in the heart of Chicago.