Chicago MLS Hollywood TowersFind more informationIf you're in the market for a condo in Chicago, but don't want to give up your quiet suburban lifestyle, Edgewater may be the perfect choice for you. This quiet neighborhood north of downtown is a great choice for young professionals and families looking for an affordable condo or loft. One of the largest developments in the neighborhood is Hollywood Towers, located at 5701 N. Sheridan Road. This condos for sale in Chicago offers several different floor plans, perfect for both young professionals and small families. One unit currently on the market is a one-bedroom and one-bath condo that offers a total of 850 square feet of living space. This unit is currently priced at $115,900, making it one of the most affordable opportunities in Edgewater. Assessments for this unit are $372 per month. Another larger unit currently listed on the market is a two-bedroom and two-bath condominium featuring open views of Lake Michigan and the park. This unit offers a total of 1,250 square feet of living space and is priced at $249,900. Residents of Hollywood Towers enjoy a number of great amenities, including upgraded kitchens with an appliance package and custom cabinets. Many units come with oak hardwood floors in the main living areas and carpeted bedrooms. Each unit also offers a large balcony and oversized windows with open views of downtown and the lake. Hollywood Towers is a full-service development, offering a 24-hour doorman, a new fitness center, and onsite management. Residents also enjoy a huge outdoor pool and sundeck that overlooks the park. Parking is also available at the development. Residents of Hollywood Towers are steps from the shopping and dining found along Bryn Mawr and Broadway. The area is home to several new restaurants offering cuisine from around the world. Commuters will love the amazing connections with downtown Chicago. An express bus to downtown stops right in front of Hollywood Towers, and takes just five minutes to reach downtown. The area also has an El station just three blocks away. Residents can also enjoy the public beaches and park along Lake Michigan right in front of Hollywood Towers. Go for a jog or lounge by the lake throughout the year. Edgewater continues to be one of the most popular markets for condos in the city. However, the neighborhood has seen a drop in sales over the past three years. According to the most recent data from the Chicago Association of Realtors, a total of 180 condos were sold in Edgewater during the fourth quarter, down from 185 units sold during the same period in 2006. However, buyers are starting to see lower prices in the neighborhood, which could help spur demand for Edgewater condos. The average sales price during the fourth quarter was down by 5 percent from the same period in 2006, and now stands at $243,487. If you're selling your condo in the area, it will now take you an average of 116 days to find a buyer, up from 109 days a year ago. The long turnover times for units on the market could lead some condo owners and developers to offer further incentives to attract more buyers to the area. I'M INTERESTEDTo:
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