June 28, 2010 – Parkside of Old Town still has a good selection of both Chicago condos and townhomes available. Buyers can also take advantage of the lower prices that are currently in effect at this Chicago real estate development. Right now you can find units marked down up to 30% and 40%, so you may want to take a closer look if you’ve thought about buying a condo or townhome in this project.

The first phase of Parkside of Old Town has 72 townhomes and 207 condos. The next phase will bring another 20 apartments, 39 Chicago Housing Authority homes and 53 affordable units. Parkside was one of the top 15 developments that made sales in the first quarter of this year, according to data from Appraisal Research Counselors.

The one bedroom condos at Parkside are now starting from the $170,000s. Two bedroom condos are priced from the $240,000s. For a three bedroom unit you can expect to pay from the $320,000s. The townhomes come with two to three bedrooms and are starting in the $330,000s. Indoor parking is available for the condos and the townhomes have attached garages for one to two autos.

Since Parkside is FHA approved, you may be able to score a 3.5% down payment. You also may be able to qualify for a $10,000 grant from the City of Chicago and the Partnership for New Communities.

There are other affordable Chicago condos, so check back with us for development updates.

[tags]Parkside of Old Town, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Sunday, June 27th, 2010 at 4:22 pm and is filed under Uncategorized.