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Landmark CourtsClick Here To Get Up To Date Pricing & Availability
North Kenwood has attracted a lot of attention from developers in recent years. The south Chicago neighborhood has seen several new developments bring residents and businesses to the area, revitalizing this historic part of the city. Landmark Courts is one of the newest developments underway in North Kenwood. The development is led by Mark Boldun and Art Gurevic, two Chicago-based developers with long experience in the local real estate market. Landmark Courts is located at 4501 S. Cottage Grove Avenue. Upon completion, the development will offer 80 condominiums in 5 stories. The first and second floors will have over 25,000 square feet of retail space, offering added convenience to residents of North Kenwood. Buyers have several floor plans to choose from at Landmark Courts. Condominiums range from two to three bedrooms. Two bedroom condominiums offer from 1,200 to 1,800 square feet of total living space. Prices for these units start at $275,000. Three bedroom condominiums offer floor plans ranging from 1,500 square feet to 1,800 square feet. Prices for these units start at $334,000. Retail space is also for rent, with two units available. One 12,000 square-foot unit and one 13,000 square-foot unit are available at Landmark Courts. Prices start at $230 per square foot. Amenities at Landmark Court include an open kitchen plan with stainless steel appliances and breakfast bar, extra storage, and private laundry rooms. Private balconies are also available with each unit. Residents of North Kenwood enjoy a vibrant yet peaceful neighborhood just minutes from downtown Chicago. The neighborhood offers commuters easy connections to downtown Chicago via the El train, just a few blocks to the west on E. 43rd Street. The 47th Street Metra station also offers service to downtown and the Chicago suburbs. The Lake Michigan shoeline is a few minutes away from Landmark Courts. Residents can enjoy the walking trails, bike paths, and public beaches along the shore. There are also several restaurants, bars, and cultural events in North Kenwood, with more opening their doors every week. If you’re looking for a new condominium in North Kenwood, keep up to date with the latest statistics for the real estate market in the area. According to the Chicago Association of Realtors, the Kenwood neighborhood has seen a slight drop in condo sales. A total of 52 condos were sold during the third quarter, a 21 percent decline from last year and the second straight year that sales in the area have dropped. There is also a lot of unsold condos sitting on the market in the area, meaning that buyers will be able to have their pick of several excellent units. If you’re selling your condo in Kenwood, this is not good news. It will now take you an average of 154 days, or 5 months to find a buyer in the area, up 31 percent from last year. This is the longest turnover time the neighborhood has seen in more than 15 years. With more unsold inventory on the market and fewer buyers looking for a condo in Kenwood, it’s no surprise that prices have begun to drop in the area. The average sales price for a condo in Kenwood now stands at just over $270,000, a 7 percent drop from last year. Buyers should start to find some excellent deals for quality condominiums in the area. Negotiate for the right price that reflects current market conditions. I'M INTERESTEDTo:
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