The Chicago Sun-Times reports that the prices of new condos in Chicago are back to what sellers were asking in 2004: “Condo values in Chicago are back to their early 2004 levels, despite the fact that prices fell 8.5 percent in the 12 months that ended in October.” Chicago’s real estate market has been interesting to follow for the past few years, but with condo prices back to where they were in 2004, we are perhaps seeing some signals of increased stability in the urban real estate market.
Chicago is also faring better than most other urban condo markets: “Among the larger metropolitan areas, Chicago was the only market in which condos did not depreciate in value quicker than single-family homes.” And with the varied neighborhoods of Chicago, each with its own personality and flair, buying a condo can be as personal of a purchase as buying a single family home.New Condos in Chicago: Tour Our Developments
Chicago condos are found in great Chicago neighborhoods to invest– and we’ve got developments in all of the hot locations. In this video, Mike Hullett gives a tour of Terrazio in the South Loop at 1935 S. Wabash. With 10 foot ceilings, a huge rooftop terrace and outdoor kitchen, and giant courtyard, it’s a welcoming community in the heart of downtown. Take a tour below!Other neighborhoods with great new condos in Chicago:
River North: 825 N Hudson. Nineteen new construction condominiums between all the best attractions of downtown and the North side of Chicago. You’ll find equally easy access to the Loop and Wrigleyville/Lincoln Park from the central location of this neighborhood.Edgewater: Clarovista. One hundred and sixty new construction condos in a thriving neighborhood seven miles north of downtown.
Andersonville: Clark 36. Thirty condos in three buildings in the hip, north Chicago neighborhood. Read more of best attractions of Andersonville in our neighborhood guide!
River West: Trio. Luxury new condos in trendy River West. The building has a 10,000-square foot roof garden and state of the art facilities.
South Loop: Terrazio. The South Loop is quickly becoming the most convenient area for people who work downtown to live. Access to everything! Terrazio’s luxury finishes and open space make it feel like home in the city.
Learn about more Chicago neighborhoods and our listings in them in our Neighborhoods section, or check out Neighborhood Spotlights right here on the blog.
