1610 West Fullerton

• Type: New Construction Lofts, 10-foot ceilings
• Location: Lincoln Park
• Footage: Typical Loft Unit = 1087 Square Feet
• Pricing: Typical Unit ~$374,900

Lincoln Park is one of the most popular neighborhoods in the city for new condominium and loft developments. The neighborhood attracts young professionals and families looking to live close to downtown Chicago while enjoying a suburban lifestyle.

One of the newest developments to come on the market is located at 1610 West Fullerton offers a variety of floor plans for buyers to choose from, ranging from one bedroom condominiums to penthouse suites.

Amenities at 1610 West Fullerton include stainless steel appliances and an island in the chef’s kitchen. Residents also enjoy indoor heated parking included with the purchase price.

All units have private balconies and the penthouse offers a large private terrace with views of the downtown Chicago skyline.

Hardwood floors, floor-to-ceiling windows, and spa baths also come standard with units at 1610 West Fullerton.

All residents can enjoy the modern fitness center and the rooftop sundeck in these Chicago lofts.

There are several units available on the market today. A one bedroom and one bath condominium at 1610 West Fullerton is selling for $299,900. The unit offers 935 square feet of floor space with excellent city views.

A two bedroom and two bath condominium is also available. The unit is currently rented at $1850 per month and is selling for $349,900.

There is also a penthouse unit currently for sale. The one bedroom and one bath unit has a private 264 square-foot terrace. The price for the penthouse is $489,900.

Residents of 1610 West Fullerton enjoy excellent access to many of the best restaurants, cultural events, and outdoor activities that Chicago has to offer.

Commuters will love the easy connections to downtown via El and CTA bus connections. The expressway is just a few blocks away, providing quick access to downtown and the suburbs.

Residents are just a few blocks from the Lake Michigan shoreline. There are several parks, walking trails, and bike paths that offer incredible views and a peaceful escape from the city.

If you are considering a condominium in Lincoln Park, you should stay up to date on the latest statistics coming out of the real estate market in the neighborhood.

The neighborhood has seen a significant drop in sales during the last two years, but condo sales rebounded during the third quarter of 2007.

According to the most recent report from the Chicago Association of Realtors, a total of 441 condos were sold in the neighborhood during the third quarter, a 10 percent increase over the same period last year.

This is still almost 30 percent lower than the high seen during the third quarter of 2005, but is good news for condo owners and developers looking to sell their property.

However, if you are selling your condo in Lincoln Park, it will take you a little longer than last year to find a buyer.

According to the C.A.R. report, the average turnover time increased to 94 days, a 10 percent increase over last year.

Buyers could begin to see prices come down in Lincoln Park if condo owners continue to face longer waits for a buyer. Condo owners and developers who are facing financial pressures could be forced to offer rebates to attract new buyers if demand does not increase in the short term.

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