Chicago Condo News http://www.chicagocondonews.com Information about Condominium sales in Chicago, Illinois Sun, 03 Aug 2008 21:32:13 +0000 http://wordpress.org/?v=2.3.2 en Luxury condos at One Museum Park http://www.chicagocondonews.com/luxury-condos-at-one-museum-park http://www.chicagocondonews.com/luxury-condos-at-one-museum-park#comments Sun, 03 Aug 2008 21:32:13 +0000 Mike http://www.chicagocondonews.com/luxury-condos-at-one-museum-park Buyers looking for the best in luxury condominiums in the South Loop can find several developments currently underway at the southern end of Grant Park. One of the most talked about in the area is One Museum Park.

Located at 1201 S Prairie, this development offers a total of 298 one, two, and three-bedroom units for sale. Completion of this project is planned for 2009. Buyers can still take advantage of preconstruction pricing on the condominiums at One Museum Park.

The most affordable unit is a one-bedroom condominium that is priced in the low $300s. Three-bedroom condominiums are priced in the high $500s. The largest penthouses are priced at over $2.5 million.

One Museum Park offers a long list of amenities that include stainless steel appliances, granite countertops, and a breakfast bar in the European-style kitchen. Each unit also comes with hardwood floors, private outdoor space, and large windows that open out to incredible lake, park, and downtown views.

These condominiums are a great choice for buyers looking for the best Chicago Condos on the market at an affordable price. Don’t miss out on these and many other great deals on preconstruction condos in the city.

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]]> http://www.chicagocondonews.com/luxury-condos-at-one-museum-park/feed Sales rebound in Itasca http://www.chicagocondonews.com/sales-rebound-in-itasca http://www.chicagocondonews.com/sales-rebound-in-itasca#comments Fri, 01 Aug 2008 18:22:58 +0000 Mike http://www.chicagocondonews.com/sales-rebound-in-itasca After hitting a new low during the first quarter of 2007 in Itasca, sales of condominiums and lofts rebounded during the same period this year. The neighborhood was one of just a few around the Chicago region to see a stop in the bloodletting during the first quarter.

According to data from the Chicago Association of Realtors, a total of 6 units were sold I Itasca during the first quarter, up from 4 units sold during the same period a year ago. Two years ago the neighborhood enjoyed its best sales, with 19 units sold during the first quarter.

The slight increase in sales of condos and lofts during the first quarter helped bring down the inventory of unsold units on the market. If you’re thinking of selling your condominium in Itasca, it will now take you an average of 86 days to find a buyer, down from 167 days a year ago.

The drop in sales also led to a decline in prices around the neighborhood. The average sales price fell by 1 percent during the first quarter, and could continue to fall in the short term. If you’re on the market for a great deal on Chicago Condos For Sale, check out the current listings in Itasca.

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]]> http://www.chicagocondonews.com/sales-rebound-in-itasca/feed Union Park Lofts http://www.chicagocondonews.com/union-park-lofts http://www.chicagocondonews.com/union-park-lofts#comments Thu, 31 Jul 2008 02:44:58 +0000 Mike http://www.chicagocondonews.com/union-park-lofts Buyers on the Near West Side of Chicago have many loft spaces to choose from that offer ample floor plans. The neighborhood also offers a great lifestyle, home to the best galleries, nightlife, and dining.

One development that is currently offering several floor plans is Union Park Lofts. This development is located at 1327 W Washington. Buyers can choose from a number of floor plans here. The smallest unit is a two-bedrooms and two-baths, and comes with a total of 1,200 square feet of living space. This unit is priced in the low $300s. The largest loft available at Union Park is a 2,100 square foot unit, the perfect choice for a small family.

Each unit at Union Park Lofts comes with a long list of amenities. The gourmet kitchen offers granite countertops and an appliance package. Floor-to-ceiling windows let in plenty of natural light throughout the day, and residents will love the brand new hardwood floors. The building comes with a rooftop deck with urban views and attached heated parking for your convenience.

This development is a great choice for buyers looking to enjoy the best that the Near West Side has to offer. Check out these and other Chicago Condos For Sale around the city today.

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]]> http://www.chicagocondonews.com/union-park-lofts/feed Rogers Park condo sales plunge during second quarter http://www.chicagocondonews.com/rogers-park-condo-sales-plunge-during-second-quarter http://www.chicagocondonews.com/rogers-park-condo-sales-plunge-during-second-quarter#comments Tue, 29 Jul 2008 18:57:20 +0000 Mike http://www.chicagocondonews.com/rogers-park-condo-sales-plunge-during-second-quarter Sales of condominiums and lofts fell sharply during the second quarter in Rogers Park. According to data from the MLS for the period, sales were off nearly 50 percent from the same period last year.

A total of 126 units were sold during the second quarter in Rogers Park, down from 235 units sold during the same period in 2007. It was a 46 percent drop in sales for the quarter. Meanwhile, sales of the smallest units were off even more. A total of just 19 one-bedroom condominiums were sold during the second quarter, a 51 percent drop in sales in just one year.

Sales of the largest condominiums were down 35 percent. A total of 33 units with three or more bedrooms were sold during the quarter in Rogers Park.

Meanwhile, buyers are starting to see lower prices in the neighborhood. The average sales price fell to $223,299, down 6 percent from the same period last year. Buyers could continue to see even lower prices for condominiums and lofts in Rogers Park as sellers compete for fewer interested buyers.

Keep an eye out for great deals on Chicago Condos For Sale around the area, as well as in many other neighborhoods across Chicago.

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]]> http://www.chicagocondonews.com/rogers-park-condo-sales-plunge-during-second-quarter/feed 230 E Ontario offers two affordable condos for sale http://www.chicagocondonews.com/230-e-ontario-offers-two-affordable-condos-for-sale http://www.chicagocondonews.com/230-e-ontario-offers-two-affordable-condos-for-sale#comments Mon, 28 Jul 2008 17:25:08 +0000 Mike http://www.chicagocondonews.com/230-e-ontario-offers-two-affordable-condos-for-sale If you’re looking for an affordable condominium in Streeterville, you can find some of the best deals in older buildings around the neighborhood. One development that is currently offering two units for sale is located at 230 E Ontario.

This condominium development was completed in 1969, and is home to 144 luxury units. The most affordable condo on the market at 230 E Ontario is a one-bedroom and one-bath unit that offers a total of 650 square feet of living space. This condo is priced at $203,000.

Another affordable opportunity currently on the market at 230 E Ontario is a one-bedroom and one-bath condominium that has a total of 875 square feet of living space. This condo is priced at $237,900.

Amenities at 230 E Ontario include a 24-hour doorman, modern fitness center, laundry room, and party room. There is no parking here, which could keep some buyers away. However, the neighborhood has plenty of garages to choose from, with reasonable prices. The sundeck, however, is a great addition here, offering an outdoor pool and incredible urban views.

These condominiums are a great choice for buyers looking for an affordable Chicago Condo For Sale in Streeterville.

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]]> http://www.chicagocondonews.com/230-e-ontario-offers-two-affordable-condos-for-sale/feed Sales down 31 percent during the second quarter in Chicago http://www.chicagocondonews.com/sales-down-31-percent-during-the-second-quarter-in-chicago http://www.chicagocondonews.com/sales-down-31-percent-during-the-second-quarter-in-chicago#comments Fri, 25 Jul 2008 20:16:40 +0000 Mike http://www.chicagocondonews.com/sales-down-31-percent-during-the-second-quarter-in-chicago Sales of condominiums and lofts were off by nearly 31 percent during the second quarter across the city of Chicago, as many buyers face difficulty qualifying for a loan. Banks and lenders have tightened requirements in recent months after foreclosures spiked around the nation.

According to data from the MLS for the quarter, a total of 4,658 units were sold during the period, down from 6,748 units sold during the same period last year. It was one of the worst showings for the second quarter since the beginning of the decade. A total of 7,098 condos were sold during the second quarter 2006.

Prices, however, went the other direction as buyers focus on the most expensive units on the market in Chicago. Strong sales of luxury units in downtown and the Near North Side led to a 15 percent increase in the average sales price during the second quarter. However, prices for more affordable units could start to come down around the neighborhood as there are fewer buyers on the market for these types of condominiums.

Buyers, keep a sharp eye out for great deals on Chicago Condos For Sale around the greater Chicagoland region.

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]]> http://www.chicagocondonews.com/sales-down-31-percent-during-the-second-quarter-in-chicago/feed Skokie condo sales fall to 13-year low http://www.chicagocondonews.com/skokie-condo-sales-fall-to-13-year-low http://www.chicagocondonews.com/skokie-condo-sales-fall-to-13-year-low#comments Thu, 24 Jul 2008 03:53:32 +0000 Mike http://www.chicagocondonews.com/skokie-condo-sales-fall-to-13-year-low Sales of condominiums and lofts fell to a 13-year low in Skokie. The first quarter was the worst showing for the neighborhood since 1995.

According to data from the Chicago Association of Realtors, a total of just 21 units were sold during the first quarter, down from 53 units sold during the same period last year. It was the third straight year of declining demand for condos in the neighborhood, after reaching a high of 66 condos sold during the first quarter 2005.

However, lower prices could bring buyers back to the neighborhood. The average sales price plunged by an impressive 21 percent during the first quarter, and could continue to fall even further as some condo owners face intense financial pressure. Condo owners and developers are facing one of the slowest markets in recent memory in Skokie.

If you’re selling your condo in the area, it will now take you an average of 178 days to find a buyer, 70 days longer than just a year ago. This is the longest that it as taken to find a buyer in more than 17 years.

If you’re looking for a great deal on Chicago Condos For Sale, keep an eye out for incredible prices in Skokie.

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]]> http://www.chicagocondonews.com/skokie-condo-sales-fall-to-13-year-low/feed Luxury condos at 33 W Huron http://www.chicagocondonews.com/luxury-condos-at-33-w-huron http://www.chicagocondonews.com/luxury-condos-at-33-w-huron#comments Wed, 23 Jul 2008 03:11:17 +0000 Mike http://www.chicagocondonews.com/luxury-condos-at-33-w-huron If you’re looking for a luxury condominium for rent or for sale in River North, you’ll find plenty of opportunities at 33 W Huron. This development was one of the first of the newest waves of new luxury condominiums to come to the neighborhood.

There are currently two units available at 33 W Huron. The most economical option is a two-bedroom and two-bath unit that offers an ample floor plan. This 1,566-square-foot unit is priced at $568,000. If you need some more space, another larger two-bedroom unit is also available. This condominium is priced at just $640,000, and offers a total of 1,761 square feet of living space.

Residents enjoy a number of luxury amenities that include a European-style kitchen with stainless steel appliances and granite countertops. Residents will love the separate shower and Whirlpool tub in the master bath, as well as the large private terrace and hardwood floors throughout the main living areas.

This condominium development is an excellent opportunity for buyers looking to enjoy the best that downtown Chicago has to offer. Check out the many other Chicago Condos for sale around the downtown area.

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]]> http://www.chicagocondonews.com/luxury-condos-at-33-w-huron/feed Condo sales down 50 percent in St. Charles http://www.chicagocondonews.com/condo-sales-down-50-percent-in-st-charles http://www.chicagocondonews.com/condo-sales-down-50-percent-in-st-charles#comments Tue, 22 Jul 2008 03:11:07 +0000 Mike http://www.chicagocondonews.com/condo-sales-down-50-percent-in-st-charles If you’re in the market Chicago Condominiums, the region is starting to see some great prices, particularly in areas hard hit by a downturn in demand. St. Charles is one suburban area that has seen a sharp drop in demand in the past few months.

According to data from the Chicago Association of Realtors, a total of just 23 condominiums were sold during the first quarter in St. Charles, down from 46 units sold during the same period last year. The previous first quarter saw the strongest sales in more than 17 years. However, this quarter was the slowest in 10 years for the neighborhood.

The increase in sales hasn’t yet led to an overall downturn in prices in the area. However, prices have started to slow. The average sales price was up by just 1 percent from the same period last year, and buyers could start to see prices come down in the area.

The inventory of unsold condos on the market is at near record highs. If you’re planning on selling your condominium, it could take you longer than you thought. The average turnover time is now at 106 days.

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]]> http://www.chicagocondonews.com/condo-sales-down-50-percent-in-st-charles/feed Bucktown lofts at 1532 Paulina http://www.chicagocondonews.com/bucktown-lofts-at-1532-paulina http://www.chicagocondonews.com/bucktown-lofts-at-1532-paulina#comments Sat, 19 Jul 2008 00:20:06 +0000 Mike http://www.chicagocondonews.com/bucktown-lofts-at-1532-paulina Bucktown is home to some great new condominium developments that are a perfect choice for first time buyers and families looking for some extra space. The neighborhood offers a number of new lofts, including the units at 1532 Paulina.

This development offers a total of 16 units, with two and three-bedroom condominiums available. The most affordable two-bedroom condominium is priced at $283,000, while the largest unit is priced in the mid $480s.

Residents enjoy a number of luxurious amenities at 1532 Paulina. Each loft comes with stainless steel appliances, cherry cabinets, and granite countertops in the luxurious kitchen. The master bath offers granite countertops and a Jacuzzi tub. Each unit also includes a wood burning fireplace, washer and dryer, central air, and hardwood floors throughout the main living spaces.

Living in the heart of Bucktown means that you will be able to enjoy an active nightlife, plenty of shopping and dining, and easy connections to downtown Chicago. The area has become one of the most sought after markets in all of Chicago by young professionals, and is the perfect choice for your next home in Chicago. Don’t miss out on these and many other Chicago Lofts for sale in Bucktown.

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