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5556 North Sheridan RoadClick Here To Get Detailed InformationEdgewater is one of the most attractive neighborhoods in Chicago. The area offers incredible lakefront beaches and parks, shopping, and nightlife. Several new condominium developments are also coming on the market in the area, giving buyers plenty of choices to enjoy a unique lifestyle in this pleasant corner of the city. One of the newest luxury condominium developments in the area is located at 5556 North Sheridan Rd. This 39-unit building offers several different floor plans. One unit currently on the market is a three-bedroom and two-bath condominium on the third floor. The unit is available for rent or for sale. The monthly rent on this luxury condominium is $3,000. The Lakefront Group is also marketing this property for sale. The unit has a total of 1,800 square feet of total living space. Residents of 5556 North Sheridan Road enjoy amenities such as stainless steel appliances, granite countertops, and 42-inch cabinets in the oversized kitchen. The open floor plan and oversized windows give a feeling of space and luxury. Amenities also include hardwood floors throughout the unit, a gas fireplace, a laundry room with washer and dryer included, and a master bath with a separate Whirlpool bath and shower. Two parking spaces are also available for purchase in the indoor, heated parking garage. The building is located in the Bryn Mawr Historic District, close to many new restaurants, bars, and cultural events held throughout the year. Residents can walk to Lincoln Park, located just two blocks away. This part of the park has one of the most popular and beautiful beaches in the city, and is the perfect place to go for a run or enjoy a sunny day with the family. Commuters have several choices for getting to the downtown Chicago business district. A CTA express bus stops right in front of the building, whisking you to downtown in just 10 minutes. The Red line is two blocks from the development, connecting residents to the rest of the city in minutes. If you’re in the market for a luxury condominium in Edgewater, keep up with the latest news and stats for the real estate market in the neighborhood. According to the Chicago Association of Realtors, sales of condos in Edgewater fell during the last year. A total of 247 condominiums were sold in the neighborhood during the third quarter, a 12 percent drop from the same period in 2006. However, the inventory of unsold condos on the market rose slightly during the third quarter. Sellers faced an average turnover time of 118 days during the third quarter, an increase of just 3 days from a year previous.This relatively stable market led to a further increase in prices in the neighborhood. The average sales price for condos sold during the third quarter in Edgewater rose by 6 percent from the same period in 2006, and could continue to rise if demand remains steady and the inventory of unsold condos on the market doesn’t increase. Buyers looking for quality real estate in one of the most sought-after neighborhoods in the city shouldn’t miss out on this incredible opportunity at 5556 N. Sheridan Road. I'M INTERESTEDTo:
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