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Cornelia Court Condominiums

West Roscoe Village is a popular Chicago neighborhood that attracts residents from around the city with affordable prices and excellent amenities.

One of the newest developments in West Roscoe Village is Cornelia Court. The development is led by Anchor General. The company also built the Addison Station development in Lakeview.

Cornelia Court is a $28 million dollar project that will be opened in three phases. Phase 1 is already 65 percent sold. Plans call for a total of 22 units during the first phase. Ground was recently broken on the second phase of 22 units.

A total of 63 condominiums and townhomes will be built at 3001 W. Cornelia Avenue.

Residents can choose from two-, three-, and four-bedroom condominiums. Floor plans will range from 2,242 square feet for a two-bedroom condominium to 2,904 square feet for a four-bedroom unit.

Prices are currently at $495,900 for a two-bedroom unit and range up to $663,000 for a four-bedroom unit.

Amenities in the development include private parking, prewiring for high speed internet, and central air. Kitchens come with the standard array of amenities such as an appliance package and 42 inch cabinets.

Each condo has a layout that feels more like a home. The duplex layout offers nine-foot ceilings on the first floor and ten-foot ceilings on the second.

There are hardwood floors throughout the main areas of the unit.

Cornelia Court is located just a few minutes northwest of downtown Chicago. There are several amenities in the neighborhood that give residents convenient access to restaurants, shops, and transportation.

The Blue Line of the El is just a few blocks away, giving commuters quick access to the downtown Chicago business district.

There are also several parks in the area. Homer Park, California Park, and Revere Park are popular destinations for local residents on a warm day.

Shopping options abound in the neighborhood. Addison Mall and The Shops and Restaurants at Roscoe Village are popular with locals.

Cornelia Court is located between Irving Park and Lakeview. Buyers looking for a condominium in the area should be aware of current market conditions before making a final decision on a property.

According to the Chicago Association of Realtors, total sales of condos in Irving Park declined by less than 5 percent. Lakeview saw a decline of 10 percent in sales.

Many buyers are facing increasingly difficult requirements from banks and lenders, making it difficult to qualify for a mortgage. Banks and lenders have been hit hard by foreclosures in the city.

According to RealtyTrac Inc, foreclosures were up 12.5 percent around the city.

Condos for sale in Lakeview and Irving Park are staying on the market longer. If you are selling your condo in Lakeview, it will now take you an average of 102 days, 13 percent higher than last year.

Condo owners in Irving Park must now wait 134 days to find a buyer, almost 15 percent higher than last year.

Prices continue to creep up. However, as more condos stay on the market longer, many sellers may have to offer a discount to attract more buyers.

If problems in the mortgage market persist and turnover times continue to rise, the average sales price of condominiums in Irving Park and Lakeview may decline in the short term.