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4127 South Drexel

Oakland is coming up as one of the newest destinations for Chicago residents looking for affordable condominiums. The neighborhood is seeing increased activity in the market with several new developments available around the area.

One of the first properties to herald the change in the neighborhood is located at 4127 South Drexel Blvd. This property was developed by the Sutherland Pearsall Development Corporation, a Chicago-based company whose principals have a long history in the Chicago real estate market.

Currently, there is one unit left for sale on the market at 4127 South Drexel. This three-bedroom and two-bath home offers a total of 1,800 square feet of living space. It is priced at $329,900, making this property an excellent opportunity for young families looking to get in their first home in Chicago. Monthly assessments run $150 per month.

Residents of this incredible development enjoy a number of incredible amenities, including a designer kitchen with stainless steel appliances, granite countertops, and oak hardwood floors. Each unit also offers a fireplace with a granite or marble hearth, large windows that have great views of Drexel Boulevard, and hardwood floors throughout the main living areas.

The elevator building also offers balconies, an elevator, and washer and dryer hookups in each unit. One parking space per unit is available at 4127 South Drexel.

Oakland is fast becoming one of the preferred destinations for residents looking for affordable housing close to downtown Chicago. The neighborhood offers historical architecture, parks, and plenty of shops and restaurants.

Commuters will love the convenient location as well. CTA buses, El trains, and Metra connections make it easy to get to the downtown Chicago business district and other parts of the city in just minutes.

The park along Lake Michigan offers incredible views of downtown Chicago, walking and biking trails, and open space for enjoying a sunny summer afternoon. This development is just three blocks from the shore.

Take advantage of this incredible opportunity to own a condominium in this affordable up-and-coming neighborhood.

According to the Chicago Association of Realtors, sales in the neighborhood are picking up as developers start bringing new options to the market. A total of 6 units were sold in the third quarter, the second highest total for the quarter in more than 16 years.

Average sales prices in the neighborhood are climbing as well. During the third quarter, the average sales price stood at $325,616, an increase of more than $80,000 from the same period in 2006.

Sellers are seeing an average turnover time of 128 days for units on the market in Oakland. This is about one month longer than the average turnover time for the entire city, and could bring prices under control in the short term.

Oakland is the perfect choice for buyers looking for an affordable condo minutes from downtown Chicago. Be one of the first to take advantage of the incredible deals currently on the market in this quiet corner of the city.