June 30, 2010 - It isn’t a downtown Chicago real estate development, but it just may interest some condo buyers. Lexington Square is locted in Bridgeport, and right now Lexington Homes has dropped the prices on their townhomes over $25,000. There are 39 townhomes at this development, all with traditional brick exteriors. The homes are situated on South Sangamon Street, as is the sales center, and you can check them out yourself from 10am to 6pm on Monday through Friday and 11am to 6pm on Sundays, according to a recent ad in the Tribune.

Prices on the townhomes start at $357,888 which is down from the original pricing in the $380,000s. The townhomes have 9′ ceilings, a balcony, three bedrooms, 2.5 baths, hardwoof flooring, two car garage, family room, master suite on the top floor, kitchen island, breakfast room and storage space.

Other perks at Lexington Square include either marble or granite vanity tops, Moen faucets and fixtures, soaker tub, walk-in shower, GE stainless steel kitchen appliances, granite counter tops and 42 inch cabinets.

If you’re more interested in new downtown Chicago condos, be sure to look through the Chicago real estate listings to see what developments may be offering price reductions right now.

Technorati Tags: Lexington Square, Chicago Condos, Chicago Real Estate

June 29, 2010 - After all the debating and downsizing, it looks as though the proposed Addison Park on Clark, otherwise known as the Wrigleyville project, has finally gotten approval from the City of Chicago Plan Commission. According to a recent article in the Sun Times, this Chicago real estate development will have a 137 room hotel, 140,000 square feet of retail space and 135 residential units, including Chicago condos and apartments.

Most of the development’s opposition has voiced concern that the project was too large for the neighborhood and would drive out local businesses. Other concerns cited increased traffic and parking issues. But with the green light from the Plan Commission, the proposal will move on to the City Council for approval.

Because one of the primary concerns was that the development’s height would overshadow Wrigley Field. But M&R Development LLC has changed the design several times and lowered the height until now it will only be 91 feet at its highest point. The size of the hotel and number of rooms has also been downsized as much as the developer claims it can be and still be economically feasible.

It will be some time yet before actual construction on Addison Park on Clark would begin if it does get complete city approval. In the meantime, there are plenty of other Chicago homes for sale if you are shopping for a new condo right now.

Technorati Tags: Addison Park on Clark, Chicago Condos, Chicago Real Estate

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.

Technorati Tags: Parkside of Old Town, Chicago Condos, Chicago Real Estate