Greenleaf on the Lake

Rogers Park is one of the most pleasant neighborhoods on Chicago’s north side. The neighborhood offers incredible beaches, tree-lined streets, and some of the best new developments on the real estate market in the city.

One building that has undergone a recent complete rehab is Greenleaf on the Lake, located at 1229 W Greenleaf Avenue. This development is the perfect choice for students and faculty of Northwestern University and Loyola University, and is also popular with young professionals looking to get in the market without breaking the bank.

Buyers can choose from several floor plans in this affordable development. One bedroom plus den and two-bedroom units are available. Prices start at $185,900 for a two-bedroom unit with one bath. A one-bedroom condominium with one bath and a den is priced from $233,500.

One unit currently on the market is a two-bedroom condominium priced at $190,000. The unit is being marketed by Camelot Realty.

Residents of Greenleaf on the Lake enjoy a number of excellent amenities. Gourmet kitchens come fully stocked with an appliance package, 42-inch maple cabinets, and granite countertops. Each unit also offers exposed brick walls, high loft-style ceilings, and hardwood floors.

Many units include a washer and dryer. Modern lighting and energy efficient windows also come standard with each unit. Many of these luxury condominiums have balconies with lake views.

Common amenities include garage parking, a bike storage room, extra storage space for each unit, and secure entry.

The neighborhood offers an incredible lifestyle. Greenleaf on the Lake is right on Loyola Park, one of the most beautiful lakefront parks in the city. Leone Park and Beach is also just steps from the development, and is one of the most popular beaches during the summer.

Commuters will love the easy connections with downtown Chicago via the El train. The nearest station is right on Glenwood Avenue, just two blocks away. CTA buses run up and down Sheridan Road.

The area is also home to great shops, restaurants, and relaxed nightlife. For a more active nightlife, head down to the area around Loyola University.

If you’re in the market for a new condominium in Rogers Park, keep up to date with the latest stats and news coming out of the real estate market.

According to the Chicago Association of Realtors, a total of 200 condos were sold in the neighborhood during the third quarter. While this is a 31 percent drop from the same period in 2006, it is still above the number of sales seen during the quarter prior to 2004.

The drop in sales led to an increase in the average turnover time for condos on the market. It took an average of 140 days to find a buyer during the third quarter, up from 112 days during the same period in 2006.

The drop in sales and rising inventory of condos on the market led to a stagnation of prices in Rogers Park. The average sales price during the third quarter stood at $225,584, nearly $1,000 less than one year previous.

Prices could continue to drop if demand doesn’t recover in the neighborhood over the next few months. Buyers should stay alert for incredible deals for condos in one of the best neighborhoods in Chicago.

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