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The Mark - 4301 N Sheridan

Uptown continues to offer incredible deals on Chicago condos. The neighborhood is home to several luxury developments with modern amenities at prices that can’t be found in other north side neighborhoods.

One of the newest developments to come on the market in Uptown is the Mark, located at 4301 N Sheridan. This development is led by a partnership between Related Midwest and the Chicago Metropolitan Housing Development Corporation. Related Midwest is responsible for several luxury developments around the city, including Cinema Lofts, the Residences on Lake Shore Park, and 7955 South Paulina.

The CMHDC works to provide affordable housing. This is a unique partnership between a for-profit company and the CMHDC.

Buyers can choose from several different floor plans. The Mark offers units ranging from two to three-bedrooms. Floor plans start at 1,067 square feet for the smallest two-bedroom and range up to 1,808 for the largest duplex units with three-bedrooms.

Prices for these unique condominiums range between $274,500 and range up to $392,500.

Amenities at the Mark include stainless steel appliances, stone countertops, and 42-inch cabinets in the kitchen, washer and dryer hookups, and hardwood floors throughout the unit. Residents also enjoy ample balcony space. Top floor units offer a private rooftop deck.

Heated garage parking is also available at the Mark, and is included in the purchase price with each condominium.

The location of the Mark is one of the main draws for new residents. Residents enjoy access to restaurants, shops, and services within a few blocks of home. The development is also just steps from Wrigleyville, one of the most popular neighborhoods for young professionals in the city.

Commuters enjoy quick connections with downtown Chicago via the Red Line of the El, CTA buses running along Sheridan, and nearby Lake Shore Drive.

Residents are just steps from incredible parkland along the Lake Michigan shoreline, professional baseball at Wrigley Field, and some of the best nightlife in the city around Wrigleyville.

If you’re in the market for a new condominium Uptown, keep up with the latest news coming out of the real estate market in the area.

According to the Chicago Association of Realtors, a total of 259 condominiums were sold in Uptown during the third quarter. This is a 27 percent drop from the same period in 2006, and the fourth consecutive year of lower sales in the neighborhood.

The drop in sales has led to an increase in the turnover time for properties listed on the market. Condo owners and developers must now wait an average of 128 days to find a buyer in the neighborhood, more than one month longer than the average for all of Chicago.

Despite the drop in demand and increasing turnover times in the neighborhood, prices continued to rise in Uptown. The average sales price during the third quarter rose 7 percent from the same period in 2006. Prices could start to drop if demand doesn’t pick up in the neighborhood. Buyers should keep an eye open for deals on condominiums in the area over the next few months.