The Montgomery

River West has been transformed in recent years from a forgotten corner of abandoned warehouses and decaying housing into one of the most trendy sections of the Near North Side. The area offers incredible luxury developments with modern amenities in one of the most convenient locations in the city.

One new development offering luxury condominiums in River West is The Montgomery, located at 500 West Superior. Buyers can choose from several units for rent and for sale in this high-rise tower.

One unit currently on the market is a two-bedroom and two-bath condominium offering a total of 1,265 square feet of living space. The market price for this luxury unit is $500,000. Monthly assessments will run the owner $549. Renters can also enjoy these luxury condominiums. One of the most recent listings is for a two-bedroom and two-bath condominium. The monthly rent is $2,600, including underground parking and all utilities except the phone and electricity.

Residents of these luxury condominiums at The Montgomery enjoy a number of incredible amenities. The extra-wide floor plans, high ceilings, and floor-to-ceiling windows give a feeling of space and comfort not found in many other condominium developments. Many units have incredible views of the downtown Chicago skyline.

Kitchens come with a stainless steel appliance package and Italian cabinets. Marble baths and hardwood floors also come standard with each unit in this luxury building.

Residents also enjoy plenty of common amenities, including 24-hour concierge service, a Japanese rooftop garden, and heated covered parking. A party room is available for entertaining guests and getting to know the neighbors.

The location of these luxury condominiums is unbeatable. Residents are steps from the best nightlife, restaurants, and shopping in downtown Chicago.

Commuters can do away with the daily grind of riding the train to downtown. The downtown Chicago business district is a short walk away. For those who work further afield, there are several CTA buses and El stations within just a few blocks.

The development is close to Old Town, a center for live music, dining, and cultural events. Residents enjoy one of the most active lifestyles in this lively neighborhood.

If you’re in the market for a new condo on the Near North Side, keep up with the latest info coming out of the real estate market in the area.

According to data from the Chicago Association of Realtors, the neighborhood saw the most sales of any area of Chicago. A total of 846 condominiums were sold in the area during the third quarter. However, this is a 5 percent drop from last year and the fourth consecutive year of declining sales on the Near North Side.

However, the area’s popularity and excellent location, combined with the number of new luxury developments for sale, have led to an increase in prices. The average sales price during the third quarter was up by another 5 percent, with no end in sight for growth.

Sellers are facing longer turnover times, with the average turnover time for a condo sold during the third quarter hitting 119 days. However, this is just 23 days longer than the average for all of Chicago.

If you’re looking for an active, urban lifestyle, then the Near North Side is the perfect choice for you.

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