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Fletcher Row

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  • Location: 2424 West Fletcher St. in North Central
  • Developer: Bluestone Development
  • Architect: Jack Gabriel D'Clemente
  • Capacity: 20-unit townhome development
  • Footage: 2,100 - 3,000 square feet
  • Pricing: $625,000 to $850,000

North Center continues to attract new condominium developments. One of the newest developments to come to the neighborhood offers an impressive collection of green amenities that should attract buyers looking for an environmentally friendly home.

Fletcher Row is the latest project by Bluestone Development, a company with a history of green developments around Chicago. Fletcher Row is located at 2424 West Fletcher Street.

The company’s other projects include Loftworks and Lakeside Lofts, both located in the South Loop.

Buyers can choose from three and four bedroom condominiums at the 20-unit development.

Prices start at $625,000 for a three-bedroom condominium offering a 2,200 square foot floor plan. Four-bedroom condos start at $850,000 and offer floor plans starting at 3,100 square feet.

Residents can choose optional upgrades that offer some of the most innovative new green technologies.

A solar panel package is $20,000 at Fletcher Row. However, tax credits for the purchase mean an instant $8,000 rebate for homeowners who purchase the panels. Also, the savings in the monthly electricity bill will offset the added cost in just a few years.

Standard amenities at Fletcher Row include brand name appliances, island, and granite countertops in the gourmet kitchen.

Residents also will enjoy the hardwood floors, laundry room, and private outdoor space.

All units are prewired for high-speed internet, with an optional upgrade for surround sound and an intercom system.

North Center is a popular neighborhood located just a few minutes north of the downtown Chicago business district.

The neighborhood offers many shops and restaurants on Belmont, Western and Clybourne Avenues, the main arteries of North Center.

Residents can escape from the noise of the city along the river located just west of Fletcher Row. Horner Park is another popular hangout for locals on a warm afternoon.

Commuters have several options for getting to downtown Chicago. There are El and bus connections with downtown and other neighborhoods around the city.

If you are considering buying a condominium in North Center, you should be aware of the latest statistics for the condo market in the neighborhood.

According to the most recent report from the Chicago Association of Realtors, the neighborhood continues to see strong condo sales despite a general decline in demand around the city.

A total of 165 condos were sold during the third quarter, the highest total for the period in the last 15 years.

However, the supply of condos on the market in North Center continues to increase, and could put downward pressure on prices if demand doesn’t increase further.

If you are selling your condominium in North Center, it will now take you 103 days to find a buyer, an 18 percent increase from September of last year. This is also 7 days longer than the average for all of Chicago.

The average sales price for a condo in the neighborhood has dropped for the first time since 2000. The neighborhood saw a slight two percent decline in prices during the third quarter.

However, buyers could continue to see lower prices in North Center if the supply of condos on the market remains unsold for too long.

 

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