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Buyers on the market for an affordable condominium in a great location close to downtown Chicago won't want to miss out on Lakeview. This neighborhood attracts young professionals and families from around the city. Buyers can choose from new developments and re-sale condominiums. One development that offers a number of Chicago luxury condominiums at an affordable price is located at 3550 N Lake Shore Drive. This 27-story building was completed in 1963, and offers a total of 728 units. Floor plans range from studios to two-bedroom condominiums, making this building a great choice for first time buyers. There are currently eight units for sale at 3550 N Lake Shore Drive. The most affordable condominium is a studio unit that is located on the 21st floor. This condominium has a total of 517 square feet of living space. After originally being priced at $159,900, the owner has reduced this unit by nearly 5 percent to $152,777. Several one-bedroom condominiums are also available. The most affordable unit is a one-bedroom and one-bath unit located on the 7th floor. This condominium is priced at $169,000. The largest one-bedroom condominium currently available at 3550 N Lake Shore Drive is on the 22nd floor. This condominium offers a total of 880 square feet of living space, and has been reduced in price from $249,000 to $245,000. Residents of these modern condominiums enjoy a mix of new and old. Many condominiums have been fully renovated, and offer a number of luxury amenities you'd expect from newer developments. However, if you're looking to save money, you can buy a condominium that needs renovation, and design your bathroom, kitchen, and interior as you like. All units enjoy incredible views to Lake Michigan, Lincoln Park, and the downtown Chicago skyline. This full-amenity building has everything you need. Residents enjoy a rooftop deck, modern fitness center, 24-hour doorman, and plenty of extra storage space. The building also offers parking in the underground garage. Spaces can be rented out for just $100 per month. The neighborhood is one of the biggest draws for new buyers. Residents of 3550 N Lake Shore Drive are just steps from the best nightlife and restaurants in Wrigleyville, while enjoying easy access to parks, beaches, walking trails, and bike paths along Lake Michigan. Broadway, located just a block west, is home to restaurants for every budget and taste. After dinner, you can stay in the area and grab a drink with friends in one of the many popular bars. During the summer the area really gets going whenever the Chicago Cubs play a game at Wrigley Field. The stadium is just a couple of blocks away. Public transportation is readily available in front of the building, with several buses running along Lake Shore Drive. The neighborhood is served by the Red line, which runs along Sheffield. Sales of condominiums in this popular neighborhood have dropped in recent months. According to the Chicago Association of Realtors, a total of just 318 condominiums were sold during the first quarter of 2008, down more than 20 percent from a year ago. However, prices continue to rise in Lakeview. The average sales price during the first quarter posted a 12 percent gain from the same period last year.
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