Kennelly Square

Old Town Chicago is a popular neighborhood just north of downtown. The area is home to historic attractions, great nightlife, live music, and some of the best restaurants in Chicago.

There are several choices for luxury condominiums and affordable developments in the Old Town section of the city.

Kennelly Square Condominiums were built in 1970. Originally an 8-story renovation of an old warehouse, developers eventually added a high rise to give the property the look we see today. The development is located at 1749 N. Wells.

There are a total of 268 units at Kennelly Square. One example of a unit for sale at Kennelly Square is a two bedroom and two bath unit listed at $349,000. The floor plan offers a total of 1,463 square feet of living space.

Amenities in the units include central air condition and heat, appliances, and hardwood floors throughout the main areas of the condominium.

All residents enjoy access to on-site laundry, indoor garage parking, and extra storage space. There is also a swimming pool and modern health club that offer residents the opportunity to live an active lifestyle.

There is also 24-hour doorman service in the building.

The neighborhood is one of the biggest attractions for new residents at Kennelly Square Condominiums. Old Town Chicago has many of the best restaurants, nightlife, and cultural events in the city.

There are over 250 bars and restaurants within a mile of Kennelly Square. Residents can also enjoy over 1,000 acres of green space with walking trails and bike paths.

The El train stop at Sedgwick gives commuters quick access to the downtown Chicago business district and other neighborhoods around the city. Both the brown and purple lines run through Sedgwick.

During the summer, residents can enjoy the Lake Michigan shoreline, just minutes from Kennelly Square. The Chicago Air & Water Show is held every year, and is a popular draw for people from around the country.

The neighborhood is also home to a popular farmer’s market, held every week. Buy the freshest fruit and vegetables in the city.

Residents with small children will enjoy the Lincoln Park Zoo, just blocks from Kennelly Square.

The Chicago Association of Realtor report on Old Town includes the greater Near North Side neighborhood. According to the most recent quarterly report, condo sales are down in the area.

Buyers who are currently looking for a new Chicago condo should keep in mind these numbers when it comes time to negotiate.

According to the report, sales of condos were down on the Near North Side by almost 5 percent during the second quarter of 2007.

Also, sellers are waiting longer to find a buyer for their property in the neighborhood. If you own a condominium on the Near North Side, it will now take you an average of 124 days to find a buyer.

This is 24 percent higher than the city-wide average.

However, lower demand and increasing turnover times have not dampened prices in the neighborhood. The average sales price for a condominium on the Near North Side was up over $5,000 to $513,203 during the second quarter.

Buyers should keep in mind the shifting supply and demand dynamics in the neighborhood before making an offer on a condominium.

As more condos sit on the market longer, many sellers should be forced to drop prices in the short term around the Near North Side.

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