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Sheffield Condo Living

Wrigleyville has become one of the trendiest neighborhoods in Chicago. The traditionally working class neighborhood continues to be transformed by new luxury condominium and loft developments.

One of the newest Chicago luxury condo developments can be found at 3808 N. Sheffield, just two blocks from Wrigley Field.

Known as Sheffield Condo Living, the development is led by the Lyonhart Group, a Chicago-based developer with extensive experience in the city. The company has converted an historic courtyard building in Wrigleyville into luxury condominiums.

Sheffield Condo Living offers 31 condominiums with several different floor plans available. Buyers can choose from units ranging from studios to three-bedroom condominiums.

Studio condominiums start at 450 square feet, while three-bedroom condominiums offer as much as 1,800 square feet of living space.

Amenities at Sheffield Condo Living include stainless steel appliances, individual laundry rooms, and contemporary finishes throughout the units.

Condominiums are prewired for cable TV and telephone lines.

One of the main draws for residents at Sheffield Condo Living is the neighborhood. Wrigleyville offers some of the best restaurants, nightlife, and outdoor activities in the city.

Residents are just steps from the walking and biking trails on Lake Michigan. There are also several parks within just a few blocks.

Game day in Wrigleyville brings Cubs fans from around the city. Residents of Sheffield Condo Living walk just two blocks to enjoy a game at Wrigley Field.

The neighborhood has attracted many young professionals. The neighborhood is fast becoming a center for nightlife in Chicago, with new bars and restaurants opening every day.

Commuters have several easy connections to downtown Chicago, including the Red line of the El, buses, and taxis.

Shoppers can enjoy the many boutiques and brand name shops in the neighborhood.

If you are looking for a condominium in Wrigleyville should keep up to date with the latest real estate news coming out of the market.

Wrigleyville is part of Lake View. According to the most recent statistics for Lake View from the Chicago Association of realtors, sales of condos continued to decline during the third quarter in the neighborhood.

A total of 700 condos were sold during the third quarter of this year, a six percent drop over the same period last year. It is also the second straight year where condo sales have declined in the neighborhood.

The neighborhood has not seen an increase in turnover time for condos on the market. According to the C.A.R. report, the turnover time for condos in Lake View remained steady at 94 days.

The average sales price continued to rise in Lake View. The current average sales price for condos in the neighborhood is at $367,738.

Buyers should watch for lower prices for condominiums in Lake View if demand continues to drop.

Many buyers are experiencing problems getting a loan. Banks and lenders have tightened requirements for new loans after a marked increase in foreclosures around the country.

If the mortgage crisis deepens, demand could drop to new lows around the city, causing prices to fall in the short term.