Arbor Park Townhomes

Calumet Heights isn't usually in the spotlight for its new condominiums and townhome developments. However, buyers on the market for an affordable and luxurious unit will want to check out the new homes at Arbor Park Townhomes. With prices as low as $100 per square foot, this is where you'll get the most bang for your buck.

Arbor Park Townhomes will offer a total of 78 units surrounded by plenty of green space. The development is a project by DeGrazia Development Company. This company has been working on projects around Chicago since 1999. Current projects include Stone Point, Riverside Homes, and Morgan Street Lofts.

All 78 units will offer a total of three bedrooms. Pricing for these units start from $269,000 for a townhome that offers a total of 2,400 square feet of living space. Larger 3,200 square foot homes are also available, with prices starting at just $319,000.

All townhomes come with a long list of amenities that make these units some of the best on the market in South Chicago. The gourmet kitchen comes with a choice of oak or maple 42-inch cabinets, granite countertops, and a choice of white or black appliances. The master bath also offers a choice of oak or maple cabinets, and comes with marble vanity tops, ceramic tile floors, and Moen fixtures.

Each unit also includes oak hardwood floors throughout the main living areas, plush wall-to-wall carpeting in each bedroom and the multi-purpose room, and walk-in closets in the master bedroom. Residents will love the views of the 5,000 square feet of gardens from the private balcony or terrace, depending on the floor plan.

Each townhome also comes with an attached two-car garage, allowing you to forget about the stress of finding a parking space. Buyers can also take advantage of optional upgrades that include a gas fireplace and in-unit washer and dryer.

Arbor Park is located within easy reach of downtown Chicago via the Chicago Skyway and Metra. The nearest Metra station is located at 93rd Street, just a short walk from home. The private drive means that your kids will be able to enjoy playing outside without worrying about heavy traffic. Several parks and playgrounds are also located within a few blocks from home, including Bensley Park and Dougherty Playground Park.

Calumet Heights is one of the largest markets for condominiums and townhomes in all of Chicago. However, the neighborhood saw a slight increase in the number of units sold during the past few years. According to data from the Chicago Association of Realtors, a total of 8 condominiums and townhomes were sold in the neighborhood in 2006, a record high for the area. However, that number dropped to just 2 units sold in 2007, as many buyers were unable to qualify for loans.

The neighborhood enjoys affordable prices, with an average sales price of just $91,888 in 2007. Prices have increased steadily since 2003. Properties that come on the market in Calumet Heights move fast. Condo owners and developers waited an average of just 43 days to find a buyer in 2007, down from 51 days in 2006.

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