Buyers and renters looking for a luxury condominium close to downtown Chicago can find what they need at the Riverbend Condominiums.
The development, completed in 2002, is located at 333 North Canal Street in the heart of West Town. The 38-story building was designed by DeStefano and Partners.
Riverbend Condominiums offers many different floor plans, ranging from one to four bedrooms, making this development an excellent choice for both young professionals and families looking to live in the heart of the city.
There are currently several units for sale at Riverbend. A one-bedroom and one-bath unit is priced at $399,900. The unit comes standard with floor-to-ceiling windows, fireplace, and washer and dryer. The condominium offers a total of 1047 square feet in a loft layout.
Several two-bedroom condominiums are also available at the Riverbend. Buyers can choose from floor plans ranging from 1,316 square feet to as much as 1,650 square feet. These two-bedroom condominiums are priced from $499,000 to $735,000.
Three and four-bedroom condominiums are also currently for sale at the Riverbend. Total living space for these larger units starts at 2603 square feet and ranges as high as 5,400 square feet.
Prices for a three-bedroom start at $990,000, with the largest unit selling for $1,825,000.
There are currently two units available for rent at the Riverbend. A one-bedroom condominium can be had for $2,600 per month, while a four-bedroom unit is offered at $5,500 per month.
The Riverbend offers a number of excellent amenities, including hardwood floors throughout many of the condominiums, in-unit laundry, and extra storage. Kitchens come with a stainless steel appliance package, granite countertops, and an island layout for gourmet cooking.
Each unit offers incredible city views from the private balcony and floor-to-ceiling windows. Indoor heated parking is available, with many units offering as many as three included spaces.
Commuters will love the easy access to the downtown Chicago business district. Many parts of downtown are within walking distance, and several CTA buses serve the area.
The Riverbend is also close to many of the best restaurants, shops, and nightlife on the Near West Side.
If youâ€™re on the market for a luxury condominium in West Town, keep up to date with the latest statistics coming from the real estate market in the area.
According to the third quarter report from the Chicago Association of Realtors, condo sales in West Town were up 6 percent from the same period last year, one of just a few Chicago neighborhoods that saw a rise in sales during the quarter.
However, total sales were still below the levels seen during 2004 and 2005.
The supply of unsold condominiums on the market dropped slightly during the third quarter. According to the C.A.R. report, it now takes 86 days for condo owners and developers to find a buyer in the neighborhood, down just one day from last year.
West Town is showing some of the best numbers of any neighborhood in Chicago, and prices are reflecting this relative strength in the market.
The average sales price was up by 6 percent during the third quarter, and now stands at $394,474. Whether prices will continue to rise as the market weakens across Chicago remains to be seen.