July 23rd, 2008
Buyers on the market for a new condominium in Evanston have plenty of choices available around downtown as well as in other parts of the city. One development that offers a number of luxury condominiums for sale is located at 525 Kedzie.
This development is led by Pappageorge/Haymes Ltd, a respected Chicagoland-based builder. The company was responsible for Museum Park Lofts. Buyers can choose from several floor plans at 525 Kedzie. Two-bedroom and two-bedroom plus den layouts are both available. Floor plans offer from 1,200 square feet to more than 1,700 square feet of living space.
Amenities at 525 Kedzie include a gas fireplace with wood mantle, walk-in closets, hardwood floors throughout the main living areas, and ten-foot ceilings. The gourmet kitchen comes with granite countertops, stainless steel appliances, and a breakfast bar. The master bath offers stone countertops and a tub and shower combination by Kohler.
This development has a total of 20 units, and is a great choice for buyers looking to enjoy a luxury unit in an intimate building. Don’t miss out on these and other great condominiums currently available on the Chicago Real Estate market.
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July 22nd, 2008
Highland Park has seen a sharp drop in demand for condominiums and lofts in recent months. The neighborhood went through the slowest market in 8 years during the first quarter.
A total of just 13 condominiums were sold during the first quarter, down from 19 units sold during the same period last year.
However, sales totals for the neighborhood don’t show the whole story. The average sales price jumped by an incredible 60 percent during the first quarter, showing that buyers were focusing almost entirely on the most expensive units in the area. For those looking to sell affordable condominiums in Highland Park, the market has slowed tremendously.
For all owners and developers, the market time has hit levels not seen in the last 20 years. If you’re thinking of selling your condominium in the area, it will now take you an average of 251 days to find a buyer, more than double the time it took just last year.
Buyers on the market for Affordable Chicago Real Estate could start to see some incredible deals in the short term.
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July 21st, 2008
The South Loop continues to offer some of the best lofts and condominiums on the market. The neighborhood enjoys an excellent location and is constantly welcoming new stores, bars, and restaurants to the area. One development that is currently offering a number of luxury lofts is 15th Street Lofts.
This development is located on the corner of State, and offers a total of 78 units with one and two-bedroom floor plans available. The most affordable unit currently on the market is a one-bedroom loft with 810 square feet of living space. This unit is priced from just $184,000, or just over $220 per square foot.
If you’re looking for some more space, there are several different two-bedroom floor plans available. The largest unit offers a total of 1,320 square feet of living space, and is priced into the high $400s. Prices for the most affordable two-bedroom units start in the high $290s.
These condominiums all come with a long list of luxury amenities, including granite countertops and stainless steel appliances in the European style kitchen, high ceilings, and hardwood floors throughout the main living areas.
These luxury lofts at 15th and State are an excellent choice for young professionals looking to enjoy new and affordable Chicago Lofts close to downtown.
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