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Archive for February, 2008

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Eco18 offers free parking

Friday, February 29th, 2008

Chicago now features several ecologically friendly developments designed to reduce energy usage and keep their effect on the environment to a minimum. Eco18 is one South Loop development that is being built to conform to the highest standards.

The developers, Jameson Realty Group, plans to deliver the first units in Spring 2009. They are currently offering one free parking space for the next 10 buyers at Eco18. This represents a $30,000 savings on the final price of these luxury condominiums.

A total of 93 units are being built at Eco18. Floor plans range from one to two-bedrooms plus den, making this development the right choice for both young professionals and young families looking to get in their first condo in Chicago.

Prices for these units start at $254,900 for a one-bedroom unit and range up to as much as $650,000 for the largest penthouse unit. About 17 percent of the development has been sold.

Eco18 is one of many new developments currently offering incentives around the South Loop. Don’t miss out on the many great deals currently available on the Chicago Real Estate market.

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Sales plunge in O’Hare

Wednesday, February 27th, 2008

The Chicago real estate market is going through a rough moment as many buyers are unable to qualify for new loans under tightening requirements from banks and lenders.

O’Hare was one neighborhood that saw a sharp drop in sales during the fourth quarter. According to data from the Chicago Association of Realtors, a total of just 17 units were sold in the neighborhood during the fourth quarter, down from 32 units sold during the same period in 2006.

It is the third straight year that sales have dropped in the neighborhood and the lowest total sales seen during the fourth quarter since 1994. However, sales could pick up as prices come down around O’Hare.

The average sales price dropped by 17 percent during the fourth quarter, from the same period in 2006, and could continue to drop in the short term if demand doesn’t recover.

If you’re selling a condo in the area, be ready to wait longer than you may have expected to find a buyer. The average turnover time for condos on the market rose to 152 days during the fourth quarter.

However, for buyers looking for great deals on Chicago Real Estate, O’Hare currently offers prices that haven’t been seen in years.

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Harlem Station Condos

Tuesday, February 26th, 2008

Dunning isn’t the biggest market for new luxury condos in Chicago. However, the neighborhood does offer several excellent opportunities for buyers looking for an affordable condominium with luxurious amenities.

Harlem Station is one of the newest developments in Dunning. The three story development, located at 3438 N. Harlem, offers a number of two and three-bedroom condominiums with large floor plans. Three-bedroom condominiums have has much as 1,500 square feet of living space.

Residents enjoy amenities such as a stainless steel appliance package and granite countertops in the kitchen. A washer and dryer, and gas fireplace also come standard. Each unit also comes with a jacuzzi bath and separate walk-in shower. A large outdoor deck gives residents a great place to enjoy a warm evening. Harlem Station also offers garage parking and plenty of extra storage space.

Dunning offers residents a suburban lifestyle minutes from downtown Chicago. The area has several restaurants, shops, and services within walking distance of Harlem Station.

Harlem Station is one of the newest and most luxurious new condo developments in Dunning. Browse through the best Chicago Real Estate in neighborhoods around the city and find the perfect home for you and your family today.

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