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Mandel Brothers Lofts

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Lakeview has become the leading neighborhood for offering a unique combination of affordability and location. The area attracts thousands of young professionals who take advantage of reasonable prices and a lively nightlife just north of some of the most expensive neighborhoods in the city.

There are several unique developments offering true loft space around Lakeview. One such development is Mandel Brothers Lofts, located at 811 W. Aldine. The building was originally completed in 1903, but has recently been renovated into luxury lofts.

This three-story building offers just 13 units, making it a pleasant and intimate choice for buyers in Lakeview. Prices for these lofts start at $290,000 and range up to as much as $795,000.

The living space in these lofts is incredible. Many of the units offer a duplex layout. High timber ceilings and exposed brick walls give this loft a feeling of space not found in other similar developments in Lakeview.

The location of Mandel Brothers Lofts is one of the main draws for new residents. Lakeview offers a relaxing mix of a suburban lifestyle in an urban environment. The huge population of residents who are under 30 means that the area is packed with trendy restaurants, popular bars and clubs, and great shopping. Art galleries, boutiques, and brand name stores can be found throughout Lakeview.

Public transportation in the area is excellent. There are several express buses and local buses running along Lake Shore Drive, Halsted St, and Clark St. The El train stops just two blocks from Mandel Brothers Lofts on Belmont Ave.

The development is also steps from the Advocate Illinois Masonic Medical Center, making this the perfect choice for professionals working there.

If you're looking to get away from the noise of the city, Lincoln Park is just a few blocks to the east. This popular lakefront park offers walking trails, beaches, and lots of open green space for you to stretch out and enjoy a little fresh air.

Wrigley Field is also steps from Mandel Brothers Lofts. Enjoy a Cubs game during the summer and head out to celebrate a win with people from all over the Chicago area in one of the many bars and restaurants around the stadiuim.

If you're in the market for a new condo or loft in Lakeview, keep up with the latest news and stats coming out of the real estate market to make the best decision for you and your family.

According to the Chicago Association of Realtors, a total of 391 condos and lofts were sold in the neighborhood during the fourth quarter. This is a 3 percent decline in sales from the same quarter in 2006 and the second consecutive year of lower sales in the neighborhood.

However, at the same time, the number of condos and lofts on the market declined during the fourth quarter. If you're selling your condo in the neighborhood, you'll have to wait an average of 95 days to find a buyer, down from 99 days just a year ago.

The steady inventory numbers in the neighborhood helped prices climb yet again during the fourth quarter. The average sales price during the quarter rose by 5 percent from the same period in 2006.

The area's popularity and excellent location should keep prices steady even during this difficult moment in the real estate market.

 

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