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330 W Grand

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River North is home to some of the best new condominium developments in the city. The area has been transformed from a forgotten corner of downtown Chicago into one of the most desirable neighborhoods.

One of the newest Chicago condo developments in River North is a 21-story boutique building located at 330 W. Grand Avenue. Buyers can choose from several units currently available on the market.

A two-bedroom and two-bed condo is currently listed at $389,000. The unit offers incredible views of the downtown Chicago skyline. Another condominium currently listed on the market is a three bedroom and two bath unit priced at $520,000. The condominium offers a total of 1,800 square feet of living space.

Each unit comes with maple cabinets, 1.25 inch granite countertops, and a GE appliance package in the kitchen. A breakfast bar and pantry gives residents plenty of extra space to entertain friends and cook a large meal. Each unit also includes a washer and dryer, hardwood floors in the main living areas, and carpeted bedrooms. The master bath comes with a separate shower and soaking tub.

Extra large balconies offer incredible open views of downtown Chicago. The building comes with a 24-hour doorman and plenty of extra parking. Each space costs $35,000.

Residents of 330 W. Grand enjoy an unbeatable lifestyle in the heart of one of the most vibrant neighborhoods in the city. The development is in the heart of the best shopping, restaurants, and nightlife on the Near North Side.

The area is also well served by public transportation. Several lines of the El are within just a few blocks, and several CTA buses run along the main avenues in the area. Commuters can do away with the daily trip on public transportation and walk to work downtown. Almost all of the downtown Chicago business district is within a ten minute walk of home.

Millennium Park and Grant Park are also within walking distance, and are the perfect place to enjoy a warm summer afternoon and escape from the noise of the city.

If you're in the market for a new condominium on the Near North Side, keep up to date with the latest news coming out of the real estate market in the area.

According to data from the Chicago Association of Realtors, the Near North Side continues to be the most active real estate market in the city. A total of 846 condos were sold during the third quarter, down from 887 sold during the same period in 2006.

Condo owners and developers are facing a tighter market, as the average turnover time for units on the market is increasing. If you're selling your condo in the area, it will now take you an average of 119 days to find a buyer, up from 97 days just a year ago.

However, the decline in sales and rising inventory of condos on the market weren't enough to keep prices from rising further in the area. The average sales price during the third quarter posted a five percent gain from the previous year, and should continue to rise as the area sees more luxury developments under construction.

 

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