George Street Terrace

Lakeview is one of the most popular neighborhoods for young professionals and families looking for affordable real estate close to downtown Chicago. The neighborhood offers an incredible mix of luxury condos, intimate lofts, and modern amenities.

One unique development in Lakeview is George Street Terrace, located at 1318 W. George Street. This intimate building has a total of 7 units. Buyers can choose from floor plans starting at 1,600 square feet.

One unit currently on the market at George Street Terrace is a three-bedroom loft that offers a total of 2,000 square feet of living space in a duplex layout. This unit has one bathroom, and features 16-foot ceilings. The price of this loft is currently $559,000.

Residents of George Street Terrace enjoy a number of excellent amenities. Each unit includes a modern kitchen packed with custom cabinets, granite countertops, and an appliance package. Many units offer huge ceilings and oversized windows which let in tons of natural light throughout the day.

One of the biggest draws for buyers at George Street Terrace is the intimate terrace. The oversized terrace is the perfect place to enjoy a quiet evening and get some fresh air. Units also come with a fireplace.

The development comes complete with heated indoor parking and an incredible rooftop terrace. Enjoy the commanding views of the downtown Chicago skyline while you get to know the neighbors or take in sun on a warm summer day.

Lakeview offers a number of amenities. The large population of young professionals in the neighborhood has attracted a lot of new bars and restaurants to the neighborhood. The area also has great shopping in local art galleries and boutiques.

Public transportation in the neighborhood is also excellent. There are several CTA buses running along Racine and Lincoln. The El train runs down Sheffield Avenue, just three blocks from George Street Terrace.

The development is also just a few blocks from Lincoln Park, one of the most popular parks along the Lake Michigan waterfront. Enjoy open fields, walking trails, and sweeping views of downtown from this beautiful corner of the city.

The real estate market in Lakeview continues to be one of the most active in the city. However, sales have been hurt by problems in the credit market. According to data from the Chicago Association of Realtors, a total of 391 condos and lofts were sold during the fourth quarter.

This is a 3 percent drop in sales from the same period in 2006, and the lowest total sales for the quarter since 2001.

However, the inventory of condos on the market in Lakeview has dropped slightly in the last few months. The average turnover time for condos on the market improved to 95 days during the fourth quarter.

This has helped prices to continue rising in the neighborhood. According to the C.A.R. report, the average sales price during the fourth quarter rose by another 5 percent from the same period in 2006, and could continue to rise due to the overall popularity of Lakeview and the steady inventory of condos on the market.

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