2315 S Wabash

The Near South Side has gone from a forgotten corner of downtown Chicago to one of the hottest neighborhoods for young professionals looking to enjoy a luxury condominium at an affordable price.

One of the newest developments on the Near South Side is located at 2315 S Wabash. This luxurious townhome development is a great choice for buyers looking to enjoy some extra room in a central location. There is currently just one unit on the market in this 62-unit development.

This two-bedroom and two-bath townhome offers a total of 1,740 square feet of living space. Residents enjoy assessments far below those seen in similar developments, at just $168 per month. This unit was originally priced at $399,900, but is now offered at $439,900.

Residents of this luxurious townhome development enjoy a number of amenities standard in each unit. Each townhome comes with a three-story layout, and feature details such as an office, deck, and attached garage with space for two cars. The gourmet kitchen comes with granite countertops, a stainless steel appliance package by Whirlpool, and a separate dining room. The unit features hardwood floors in the main living areas, and plush carpeting in each bedroom.

This development is cat friendly, so bring along your furry friend. Central air and heat come standard with each unit, ensuring maximum comfort throughout the year.

Residents of 2315 S Wabash enjoy an excellent lifestyle in the heart of one of the most vibrant new neighborhoods in the city. Cermak Road is just a block north, offering a number of restaurants for every taste. Nightlife in the neighborhood centers around the Velvet Lounge, with many other bars and clubs around the Near South Side and South Loop. Shoppers can find many stores offering everything from art to antiques along Michigan Avenue.

Commuting from the Near South Side is a convenient option for those working downtown. This neighborhood has excellent connections to the downtown Chicago business district via buses running along State and Michigan. Expressways are just a few blocks away for those looking to go further afield.

This development is one of several that have changed the face of the Near South Side. The real estate market in the area has been fairly active in recent months, and was one of just a few to see an increase in sales during the first quarter.

According to data from the Chicago Association of Realtors, a total of 214 condos and lofts were sold on the Near South Side during the first quarter, up from 189 units sold during the same period last year.

However, it may have been the deals for condominiums that brought buyers back to the Near South Side. The average sales price during the quarter fell by 1 percent from the same period, one of the first times that prices have fallen year over year since the beginning of the boom in the neighborhood. Buyers may not see prices move much lower however, as the average turnover time fell 58 days to 100 days.

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