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Archive for May, 2008

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Main Street Station brings luxury to downtown Evanston

Saturday, May 31st, 2008

Suburban Chicago offers some of the best new condominium developments in the region. Evanston has seen a lot of new developments in recent years. One project that is getting a lot of attention in downtown is Main Street Station.

Bernard Katz & Associates are developing this 9-story condominium project which is slated for completion in late fall 2008. Buyers can choose from a number of floor plans at Main Street Station. The smallest unit is a one-bedroom condominium that offers a total of 950 square feet of living space. This unit is priced from $299,000.

Two-bedroom condominiums are also available at Main Street Station. The largest condominium offers a total of 1,602 square feet of living space. Two-bedroom units are priced from $475,000.

This luxury building will have a full range of amenities, including a modern fitness center, party room, and parking in the attached garage. One parking space is included with each condominium, and additional spaces can be purchased for just $25,000.

Enjoy the benefits of a maintenance free lifestyle without leaving the suburbs in this luxury Evanston condominium development. Browse through many other suburban condominiums for sale on the Chicago Real Estate market today.

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Washington Park real estate update

Thursday, May 29th, 2008

Sales of condos and lofts around Chicago are down, as buyers wait for more stable market conditions. Washington Park was no exception. The neighborhood saw its second straight year of declining sales during the first quarter.

According to data from the Chicago Association of Realtors, a total of 31 units were sold in the neighborhood during the first quarter, down from 35 sold during the same period last year. However, this is still the third best result for the market during the first quarter in the past 16 years.

Buyers are starting to see lower prices for condominiums around Washington Park. According to the C.A.R. report, prices in Washington Park fell by 14 percent during the first quarter. However, if demand remains steady, prices could start to level off in the next few months.

Condo owners and developers are seeing a drop in the average market time for units for sale in Washington Park. If you’re selling your condo in the area, it will now take an average of 123 days to find a buyer, down from 161 days a year ago. This will take some pressure off the downward movement of prices for Chicago Condos For Sale around Washington Park.

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Luxury lofts at 1532 Paulina

Wednesday, May 28th, 2008

If you’re on the market for a luxury condominium in Chicago, don’t miss out on some of the best new units going up in Pilsen. One development that has turned a lot of heads in recent months is located at 1532 Paulina.

Buyers can choose from a total of 16 units at 1532 Paulina. The development offers one, two, and three-bedroom condominiums. One unit currently on the market is a three-bedroom and two-bath loft that offers a total of 1,700 square feet of living space. The unit has been on the market just three months, and has already been reduced from $399,000 to $385,000.

Maintenance costs for this unit include a maintenance fee of about $174 per month and taxes cost about $5,000 per year.

Residents of 1532 Paulina enjoy hardwood floors throughout the main living areas, carpeted bedrooms, and an appliance package. Each unit also comes with a wood burning fireplace. The only drawback to 1532 Paulina is the lack of parking. Street and garage parking can be found throughout the neighborhood.

Check out this and many of the best new condominium and loft developments currently listed on the Chicago Real Estate market today.

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