1819 S Michigan

The South Loop offers excellent deals on new construction condominiums. The once forgotten corner of downtown Chicago has been given a new lease on life by developers who have brought many new high-rise towers to the area. The South Loop is popular with young professionals looking to live close to downtown.

One development located in the heart of the South Loop that offers luxury condominiums is located at 1819 South Michigan. This glass and steel building offers a total of 94 condominiums, with many different floor plans for buyers to choose from. The development team behind these luxury units include Chicagoland's Finest Properties, LLC, and award-winning architectural firm Fitzgeral Associates Architects.

As of May 2008, there are three units listed for sale and two units for rent on the MLS at 1819 S. Michigan. The most affordable unit on the market is a two-bedroom and two-bath condominium offering a total of 1,299 square feet of living space. This condominium is priced at $325,000.

Another two-bedroom and two-bath condominium is also available, and is priced at $359,000. Prices for these types of units range up to $364,000. Rental units can also be found at 1819 S Michigan. Two-bedroom units rent from $1,700 to $2,300.

Each unit features a number of luxury amenities. Gourmet kitchens come with stainless steel appliances, granite countertops, and 42-inc cabinets. Residents also enjoy hardwood floors throughout the unit, a ceiling height of more than 10 feet, and a washer and dryer. Each unit also offers an inset balcony, many featuring incredible views of the Chicago skyline.

The development comes with covered parking in the underground garage. Spaces can be purchased for $35,000. Floor-to-ceiling windows are standard, providing plenty of natural light and excellent views throughout the day.

The location of this development can't be beat. Residents are steps from the best that downtown Chicago and the South Loop have to offer. Michigan Avenue is the commercial corridor of the South Loop, offering a mix of restaurants for every budget, brand name and boutique shopping, and an eclectic nightlife.

Residents also can enjoy an active outdoor lifestyle in this neighborhood. The Lake Michigan shoreline offers plenty of opportunities to get out and go for a bike ride, take in some sun at the beach, or enjoy the excellent downtown views from Grant Park. Soldier Field, home of the Chicago Bears, is also within walking distance of home.

The neighborhood is also well connected to the rest of Chicago via the El interchange at Roosevelt Road. This is located just five blocks north of the development. CTA buses run along State and Michigan, connecting you to downtown in minutes. For those with more time on their hands, the downtown Chicago business district is a short walk from home.

The real estate market in the Loop is booming. Sales in 2007 surpassed 1,000 units for the second consecutive year, according to data from the Chicago Association of Realtors. Prices continue to skyrocket in many areas as new ultra luxurious developments come to the market. The South Loop enjoys a steady market, with many luxury condominiums for buyers to choose from.

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