Lincoln Avenue Lofts

Lakeview is one of the youngest neighborhoods in the city of Chicago. The area is home to a large population under 30, and offers excellent nightlife, restaurants, and shopping. Lakeview also offers plenty of new condo and loft developments for buyers looking for reasonably priced real estate minutes from downtown.

One excellent Chicago loft development in the neighborhood is Lincoln Ave Lofts. This historic building was constructed in 1895, and recently restored into 52 luxury lofts. Floor plans range from 1,250 square feet to 1,500 square feet. Prices for the smallest lofts start at $300,000, and penthouse units are priced up to $475,000.

Residents of Lincoln Ave Lofts enjoy a number of excellent amenities. The building is one of the tallest in the neighborhood, giving many units incredible views of the downtown Chicago skyline and lots of natural light through the oversized windows. Residents also enjoy high ceilings, hardwood floors, and exposed brick walls.

The spacious kitchens come with an appliance package and breakfast bar, perfect for entertaining guests. Residents can also enjoy the roof top deck located on the seventh floor. Meet your neighbors or get some sun while enjoying the open views of downtown Chicago.

The neighborhood offers plenty of amenities and excellent transportation links to the rest of Chicago. Commuters will love the easy connections to downtown. CTA buses run along Lincoln Avenue to downtown and several El stations are within a few blocks of home.

Lincoln Ave Lofts are also close to the action at Wrigley Field. Residents of the neighborhood can enjoy a Cubs game and celebrate with fans from around Illinois at the surrounding bars.

Several restaurants and shops can be found within blocks of Lincoln Ave Lofts, and the nightlife in the area is among the best in the city.

If you’re in the market for a new loft in Lakeview, keep up with the latest real estate news and statistics coming out of the neighborhood to make the right decision for you and your family.

Lakeview continues to be one of the best performing neighborhoods in the Chicago real estate market due to its popularity with young professionals and artists. However, sales have dropped in the last two years as many buyers face difficulties finding a mortgage as a result of increasing foreclosures around the city.

According to the Chicago Association of Realtors, a total of 700 condos were sold in the neighborhood during the third quarter. This is a 6 percent drop from last year and well below the high of 941 condos sold during the third quarter of 2005.

However, inventory levels remained steady in the neighborhood. Despite the drop in sales, the average turnover rate during the third quarter was 94 days, unchanged from the same period last year.

These relatively strong market conditions led to a 4 percent increase in prices for condos and lofts in Lincoln Park. The average sales price in the neighborhood reached $367,738 during the third quarter.

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