November 29, 2009 – If you’ve ever been interested in purchasing a Chicago condo in Edgewater, there is currently a closeout sale going on at Catalpa Gardens. This Chicago real estate development is located on 1122 West Catalpa Avenue in Edgewater. According to a recent profile in the Tribune, of the 126 units there about fourteen still remain to be sold. Besides being FHA approved, developer Catalpa Partners is advertising price cuts of between $50,000 and $150,000 on the unsold condos.

Catalpa Gardens is a group of three mid-rise structures, eleven stories tall, that contain 42 condos per building. Floor plans range from one to two bedrooms and baths. A unique design feature is that there are glass panels connecting the floors of each of the three buildings along with a central corridor, according to the article. The buildings also have green rooftops, party room, sun deck, storage units, a doorman and are pet-friendly with a dog walk.

Other features and amenities include a balcony or terrace, hardwood flooring, stainless teel appliances, granite counter tops, fireplace per plan, maple cabinets, washer and dryer hook-up and pre-wiring for cable and high-speed Internet.

Pricing on the remaining two bedroom condos with from 1,054 to 1,408 square feet at Catalpa Gardens runs between the $210,000s to $290,000s. Parking in the heated garage will cost you another $15,000.

And if Edgewater isn’t the neighborhood you’d prefer, there are many Downtown Chicago Condos for sale from developers who are offering incentives and price cuts.

[tags]Catalpa Gardens, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Sunday, November 29th, 2009 at 3:57 pm and is filed under Mortgage Information.