Halsted Row

Halsted Row condominiums is a new development coming to the popular Lakeview neighborhood of Chicago.

With only one penthouse unit remaining, the development is already a success. Delivery of the first part of the development is slated for early next year.

The nine units in the first stage of development are located at 2901 N. Halsted. The developers, Castlebar Enterprises and Stillpoint Development are continuing with plans to build five more buildings, with a total of 44 units.

Prices for the units range from $490,000 for a two bedroom condo to $740,000 for a penthouse.

Residents can choose from several floor plans. A two bedroom and two bath unit starts at 1,269 square feet, while three bedroom units start at 1,800 square feet.

There is currently one penthouse level, two bedroom unit available for sale at Halsted Row. The 1,575 square foot unit is priced at $599,900, with a monthly assessment of $183.

Amenities at Halsted Row include heated parking, modern elevators, and private balconies. The penthouse units have private roof deck space offering open views of the surrounding neighborhood.

The penthouses also come with fully equipped kitchens. Stainless steel appliances and granite countertops come standard at Halsted Row.

Penthouse residents will also enjoy a gas fireplace, central air conditioning, and hardwood floors throughout the living room and dining room.

Residents of Lake View enjoy excellent amenities. The neighborhood has seen a lot of development of new condos and lofts that have attracted new residents and businesses to the area.

Halsted Row is just a mile from Wrigley Field, home of the Chicago Cubs. There are several bars in the surrounding neighborhood that are packed on game day.

Lake Michigan is just a few minutes away, offering hiking and biking trails in the park. There are many restaurants and bars within a few blocks of Halsted Row.

Commuters have easy access to the downtown Chicago business district. The brown and red lines of the El train stop along North Sheffield Ave, two blocks from Halsted Row.

Buyers looking to purchase a condominium in Lake View should keep in mind market conditions for the neighborhood.

According to the Chicago Association of Realtors, the neighborhood has seen a drop in condo sales. A total of 806 condominiums were sold in Lake View during the second quarter of this year, down 10 percent from the same period last year.

The neighborhood continues to have one of the most active markets for condominiums in all of Chicago.

The inventory of condos on the market is increasing. Turnover times are up around Lake View.

If you are selling your condo in Lake View it will now take you an average of 102 days, up from 89 last year.

The Lake View condo market has experienced a drop in demand and increase in supply. If the market continues to experience a drop in demand, then prices in the area should start coming down.

However, during the second quarter the average sales price increased by $13,000 to $367,000.

Buyers should negotiate for a price that reflects current market conditions in the area.

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