Chicago MLS Search The RenaissanceFind more informationEdgewater continues to attract buyers looking for prime real estate in one of the most pleasant neighborhoods in the city. The area offers excellent amenities, and is full of several new condo and loft developments that are bringing new residents and businesses to Edgewater. One of the classic Edgewater developments for condos for sale in chicago illinois is the Renaissance, located at 5510 Sheridan Road. This building has been around since 1927, and many units have recently been renovated to offer some of the best amenities on the market. Buyers can choose from several different floor plans at the Renaissance. One unit currently on the market is a three-bedroom and three-bath condominium offering a total of 2,700 square feet of living space. This condo is currently priced at 569,000. Assessments run about 800 per month. Many of the units at the Renaissance offer wide open views of the northern end of Lincoln Park and Lake Michigan. Each unit also offers a gourmet eat-in kitchen with an appliance package, granite countertops, and plenty of cabinet space. Each unit also offers a luxurious dining room that is perfect for entertaining friends and family. Condominiums at the Renaissance also include hardwood floors throughout the main living areas and carpeted bedrooms. The development also includes a rooftop terrace perfect for getting to know the neighbors while enjoying open views of the lake and surrounding city. Guest and resident parking is available, and private storage space is also included with each unit. The location of the Renaissance is excellent. The area is home to ample parkland, beaches, walking trails, and open green space. Commuters can get to downtown Chicago in minutes via the El station on Bryn Mawr Avenue, just two blocks from the Renaissance. CTA express and local buses also run along many major roads in the immediate area. Lake Shore Drive is just a block away. The neighborhood offers an increasing number of restaurants, shopping, and nightlife within a few blocks of home, allowing residents to enjoy a night out on the town without leaving the neighborhood. Sales in Edgewater have remained relatively stable, despite a general downturn in the real estate market around Chicago. According to the Chicago Association of Realtors, a total of 180 units were sold during the fourth quarter in Edgewater, down from 185 units sold during the same period in 2006. However, prices also came down during the fourth quarter. The average sales price during the fourth quarter dropped by 5 percent from the same period in 2006, and could continue to drop as the inventory of unsold condos and lofts on the market rises around Edgewater. The average turnover time for units on the market rose to 116 days during the fourth quarter, up from 109 days a year ago. Buyers could continue to see lower prices in the neighborhood as condo owners and developers offer incentives to attract more interest in the area. Keep an eye out for great deals for condos at the Renaissance and many other developments around Edgewater. I'M INTERESTEDTo:
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