Chicago MLS Search Malibu CondominiumsFind more informationEdgewater offers a number of incredible luxury condos in Chicago and loft developments at an affordable price. The neighborhood enjoys excellent connections with downtown Chicago as well as a number of amenities that give residents all they need to enjoy a night out on the town or a day by the lake. One of the largest condo developments for in Edgewater is Malibu Condominiums. This 39-story building was completed in 1969 by Dunbar Builders Corp, and offers a number of floor plans for both young professionals and families looking for their first new condominium in Chicago. Two units are currently listed on the market at Malibu Condominiums. A two-bedroom and two-bath condo on the 19th floor is currently listed at 299,900. Another two-bedroom on the 33rd floor is also available, and is priced at 265,000. Residents of Malibu Condominiums enjoy a number of luxury condominiums. Kitchens come with a top-of-the-line appliance package, custom cabinets, and a breakfast bar. Each unit offers hardwood floors throughout the main living areas, and many units include plush carpeting in the bedrooms. Each unit also offers extra large windows and ample balconies that open out to towering views of Lake Michigan and the surrounding park. Walk-in closets, central air conditioning, and huge master bedrooms also come standard at Malibu Condominiums. The development also includes a number of common amenities, including a 24-hour doorman, laundry, and library. Residents can entertain friends or get to know the neighbors in the private party room. The large outdoor pool overlooks the lake and is the perfect place to get some sun during the summer. Parking and extra storage space is also available at Malibu. This development is located in one of the hottest sections of Edgewater. The area around Bryn Mawr, Hollywood, and Broadway Avenues is home to several shops, restaurants, and bars, allowing residents to enjoy a night out on the town without leaving the neighborhood. Commuters will love the easy connections with downtown Chicago and the rest of the City. An express bus running along Sheridan Road connects the neighborhood with downtown in just five minutes. Two El train stations are located within three blocks. The neighborhood is also home to popular beaches, parks with bike and walking trails, and plenty of green space to enjoy some fresh air. Edgewater saw a slight decline in sales during the fourth quarter. According to data from the Chicago Association of Realtors, a total of 180 condos and lofts were sold in the neighborhood during the fourth quarter. This is just a three percent drop in sales from the same period last year, a good result when compared to other neighborhoods around the Chicago region. The drop in demand has led to a slight decrease in prices for condos around Edgewater. The average sales price for condos sold during the fourth quarter fell by 5 percent from the same period during 2006, meaning that buyers are starting to see great deals on Chicago condos around the neighborhood. If you're selling your condo in Edgewater, you can now expect to wait an average of 116 days to find a buyer, up from 109 days just a year ago. This will put further pressure on prices in the area over the next few months if demand doesn't increase. I'M INTERESTEDTo:
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