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1720 South Michigan

The South Loop offers some of the best new Chicago luxury condominiums, with many affordable units available for first time buyers and young professionals looking to live close to downtown Chicago.

One development that still offers several units on the market is located at 1720 S. Michigan Avenue. This 33-story tower is being developed by CMK Companies, a Chicago-based developer that has been building quality condominiums and lofts since 1995 in the best neighborhoods around the city.

Buyers can choose from a number of units still on the market. Floor plans range from one bedroom to three bedrooms. One-bedroom units are priced from as little as $196,900 to $272,000, making this development an excellent choice for first time buyers. Two-bedroom units start at just $279,900 and range up to as much as $359,000. Three-bedroom units are priced from $362,000, with the most expensive penthouse unit priced at $669,000.

Several rental units are also available at 1720 South Michigan. Prices for these units start at $2,000 for a two-bedroom unit and range up to $2,500 for a three-bedroom condominium.

Each residence at 1720 South Michigan comes with a full range of amenities. The European-style kitchen comes with plenty of cabinet space, stainless steel appliances, granite countertops, and a choice of finishes. Residents enjoy marble vanity tops and ceramic surround in the shower.

Each unit includes hardwood floors throughout the main living areas, carpeted bedrooms, and designer lighting throughout. The floor-to-ceiling windows open out to incredible views of the downtown Chicago skyline and Lake Michigan. Each unit also offers washer and dryer hookups.

The development is a full-amenity building, meaning that you'll enjoy a number of convenient amenities from the comfort of your own home. The building comes with a 24-hour doorman service, bike storage, dog run, garden area, and fitness center. Residents also enjoy access to ground floor retail. Parking is available in the attached garage, and is priced from $35,000 to $39,000.

This development is located in the heart of the commercial district of the South Loop. Michigan Avenue is home to the best restaurants, nightlife, and shopping in the neighborhood, all located within steps of your front door.

Residents of 1720 S Michigan also enjoy easy access to lakefront parks, Grant Park, and walking trails, allowing you to live an active outdoor lifestyle in the heart of the city.

The South Loop is well connected with the rest of Chicago via the El train station at Roosevelt Road. CTA buses run along Michigan Avenue, and are a convenient option for commuters heading to downtown Chicago. Much of the downtown Chicago business district is also within walking distance of home, giving you added convenience every day.

This development is one of many that are transforming the South Loop into one of the most vibrant neighborhoods in downtown Chicago. The neighborhood continues to see an increase in sales. The past two years were the most active for the real estate market in the South Loop. More than 1,000 units were sold each year for the first time ever, and prices were up a surprising 51 percent in 2007.