Marvelous luxury condo located at 1211 S Prairie Avenue S, Unite 802 is available for sale in Chicago for $675,000. This 2 bedroom and 2 bath condo located near Museum Park has amazing views from the living room.
Gorgeous wooden floors extend throughout the 1547 sq. footage condo.
The luxury kitchen extends out to the living and dinner room area. There is a large marble master bath with separate tube and shower.
To see this luxury condo please contact us at (312) 755-9999.
Recently upgraded luxury condo with two bedroom and two baths located at 1155 S State Street, Unit 602 with 1361 sq. foot of space.
The kitchen features a granite c top with nice high end appliances.
The master bedroom is nicely decorated with nice details.
Wonderful Terrance overlooking a beautiful landscaped courtyard.
Parking is included in the price for the unit. This condo is price for sale for $390,000.00. Please call our Chicago real estate agents for more information about this condo at (312) 755-9999.
This stunning Chicago luxury condo is a southwest corner unit of the 530 North Lake Shore Drive building in Chicago. The condo has an amazing patio with spectacular lake views.
With nearly 1700 square foot of space, the unit begins with a spacious living room with hardwood floors.
With large granite kitchen with stainless appliance and a breakfast bar, this kitchen is a chef’s heaven.
There are two bedrooms and two bathrooms.
The condo’s listing price is $649,900.00. To view the unit, please contact Streeterville Properties at 312-755-9999.
The median price for a Chicago condo has dropped to $193,000.00. That is roughly a 1.3% decrease from the prior year’s median prices. Chicago realtors attribute the drop to a large number of condos going into the foreclosure and short sale market. Many speculate that the number of condominiums that are currently under water and that will eventually get foreclosure notices from their lender will rise. That will increase the number of foreclosures. Some of these properties will enter into the short sale market as homeowners will try to avoid foreclosure by seeking looking for buyers who will take over their distress properties. If you are considering buying a short sale property or who up for sell in at a foreclosure auction, please consult with a short sale real estate agent and an account. Although there are potential good deals to be had, it’s not as simple as it might appear.
With the average prices of condos in Chicago going down, this might be a good time to buy a condo if you can quality for a loan. Lenders have higher their requirements to quality so getting prequality will give you an upper hand on other buyers trying to buy the same condo.
If you are consider buying a condo in Chicago, you will know that buying a condominium is one of the best real estate transactions that you could make. The main reason for this is that for first time homebuyers as well as those who are looking to change their housing needs, condos still remains very affordable.
When looking for Chicago buying condo tips it is important that you take the regional value of property into account and look at prices in the general region to see what types of real estate are rising or falling and which are holding their price.
In the recent years, most condo owners have found they remain quite satisfied with the retained value their purchase provided. This is normally dependent on whether or not they took the time to make the right purchase in the first place. So, if you are thinking about buying a condo, it is very important to make sure that you know what you are looking for as well as what you should avoid in order that you find a condo that will increase in value or at least hold its own in the property market. So among the most important Chicago buying condo tips is the advice to take your time, research the market and know the neighborhood before you decide to invest your money.
It is also important to know how the condo is managed. Unfortunately, some condo complexes are poorly managed. It is also very important that you do some research and make sure you are aware of any fees that are associated with the management and maintenance of the condo. While management fees are common practice, you will want to make sure they are not absurdly high in relation to the level of maintenance quality the complex receives.
Other, Chicago buying condo tips would suggest that you take the time to find out who occupies the other units of the complex you are considering. This is important, as there seems to be a trend in many complexes for units to be rented rather than dwelt in by owner occupants. This can prove to be a problem in some instances as some occupants take no pride in the appearance of the property; making it unbearable for those who have paid good money for their own units. It is also the case that they have no vested interest in being a reasonable neighbor.
Another of the more important Chicago buying condo tips is that rather than making up your mind about the property after a Tuesday afternoon visit; visit the property at some diverse times. Mid evening, bedtime at the weekend and at the point that any local school is coming out. These visits will give you a better understanding of the complex and the neighborhood in general.
At this point it is important to ask yourself whether a condo is really the right choice for you. While most condo owners are happy enough with their choice, it is important to understand it isn’t always the best choice for everyone. The main attraction for most condo owners is the lack of maintenance responsibilities. Unlike other home owners, condo owners do not need to concern themselves with the carrying out of exterior repairs due to the fact that these duties fall to the condo homeowner’s association.
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According to the Standard & Poor’s Case Shiller index, home prices in the 19 of the 20 largest cities in the United States drop since September 2011. The index slipped 1.2 percent and fell 3.4 percent compared with October 2010. This is the second straight month that home and condo prices dropped suggesting that the home prices will continue to decline. The worst city was Atlanta which saw a decline of 5% in October and 11.7% over the past 12 months. Chicago was consistent with the national average. It should be noted that each individual city will see different patterns and that the index is a national average.
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