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115 S. Western

The Near West Side continues to attract residents from around the city. The neighborhood has undergone a transformation from a district of warehouses and abandoned buildings into one of the trendiest districts in Chicago.

If you're in the market for a new condominium on the Near West Side, don't miss out on the new development at 115 South Western Ave. The development offers a total of 18 new construction condominiums in a four-story building.

There is currently one condominium listed on the market for sale at 115 South Western. It is a three-bedroom condominium with two baths, and is listed at $339,900. The unit offers a total of 1,900 square feet of living space. The monthly assessment for the unit is currently at $125 per month.

Residents will enjoy a variety of amenities at 115 South Western. Kitchens come standard with stainless steel appliances, 42-inch cabinets, and granite countertops. Bathrooms come with marble floors, a whirlpool tub, and separate shower.

Units also offer oak hardwood floors throughout the main living areas, a private balcony and rear deck. Residents will also enjoy the washer and dryer, included with each condominium.

A rooftop deck offers excellent views and a chance to get some sun during the summer. Gated parking and indoor parking is available at an extra charge.

Residents enjoy one of the best locations in the city. 115 South Western is just a few blocks from the downtown Chicago business district. Commuters have many easy connections with downtown and the rest of the city. El, bus, and expressway connections get locals downtown in just minutes.

The neighborhood is also home to excellent shopping. There are several art galleries, boutiques, and brand name stores within a few blocks of the condominiums at 115 South Western. Restaurants, bars, and clubs are also within walking distance, making a night out on the town an enjoyable experience.

115 South Western is also close to the University of Illinois at Chicago and the Rush University Medical Center, making the condominiums an excellent choice for students and professors.

Residents can enjoy a warm day in Douglas Park, located just south of 115 South Western. The park offers ample space to get out and go for a jog or enjoy a picnic next to the lake.

If you're in the market for a new condominium on the Near West Side, be sure to stay up to date with the latest statistics coming out of the real estate market in the area.

According to the Chicago Association of Realtors, condo sales on the Near West Side have dropped to levels not seen since 2002. A total of 383 condos were sold in the neighborhood during the third quarter of 2007, a 31 percent decline from the same period last year.

If you are selling your condominium on the Near West Side, you are facing one of the slowest markets in recent memory. According to the C.A.R. report, it will now take you an average of 149 days to find a buyer in the neighborhood, more than 50 days longer than the citywide average.

However, despite the drastic decline in demand and the rising number of unsold condos on the market, prices in the area continue to rise. The average sales price now stands at $369,274, an 11 percent increase from the same period last year.

Buyers should beware of getting in the market at the peak. If demand continues to drop and condos sit longer on the market, prices may come down over the next few months on the Near West Side.