Chicago Condo News

If you’re on the market for a preconstruction condo in Chicago, many new developments are offering special deals to attract more buyers and sell their remaining units.

One development that is offering buyers a deal is Lakeside Lofts, located at 2035 S. Indiana. Buyers of two-bedroom units will receive a free parking space.

Another South Side development offering a deal is Ivy Hall, one of the largest developments in the University Village area. Buyers receive a free one-year membership to the local gym.

If you’re a firefighter or a professor at the University of Illinois at Chicago, you can take advantage of special pricing Roosevelt Square. This development offers two and three bedroom condos, and is located at 1200 W. Roosevelt Road.

North side developments are also offering excellent incentives for new buyers. If you choose one of the condos at 3255 N. Paulina, you’ll receive a $10,000 upgrade package. Meanwhile, buyers at Cityscape Condominiums, located at 3905 N. Western Ave, receive free parking and free upgrades.

Don’t miss out on the great deals offered on Preconstruction Chicago Condos For Sale in neighborhoods around the city. Take advantage of special incentives offered by developers and save thousands of dollars.

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Despite a recent decline in sales in the area, the South Shore continues to see an active real estate market for condos.

According to data from the Chicago Association of Realtors, a total of 60 condos were sold during the third quarter, down from 73 condos sold during the same period in 2006. However, this is well above the total sales seen prior to 2004, and a sign that the real estate market in the area remains strong.

If you’re selling your condo in the area, it will take a little longer than you may have thought. The average turnover time passed the average for all of Chicago during the third quarter. It will now take you an average of 136 days to find a buyer, up from 88 days just a year ago.

Prices continued to rise, although at a slower rate than in previous years. Prices during the third quarter were an average of 2 percent higher than condos sold during the third quarter in 2006.

The South Shore offers an affordable option to more expensive neighborhoods closer to downtown, and will surely continue to attract buyers from around the city. Browse through Chicago Condos For Sale in the neighborhood and find the home of your dreams today.

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City officials in New Lenox approved the preliminary plans for what would be one of the largest new developments in the area.

During the meeting held on Monday, developers presented plans for a 230-acre development that would include commercial space, multi-family housing, and single-family homes. A total of 12 acres of parks would also be built in the community.

The development would be one of the first transit oriented developments on the Southwest line of the Metra. However, city officials did question whether the current service on the line would be enough to cater to a development of this size. There are currently only two trains running to downtown in the morning.

The development would offer a total of 950 residences, with a mix of homes, townhomes, and condominiums available. 60 acres of commercial space will also be built in the development.

Sales of condos in the area dropped sharply during the third quarter. Just 16 units were sold during the quarter, down 50 percent from the same period in 2006. However, when completed, the development will offer premier Chicago Condos For Sale in a neighborhood that is well connected with downtown Chicago.

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