Salem Condominiums

If you’re looking to enjoy a maintenance free lifestyle without paying the price for a downtown Chicago condominium, there are several options for you in the Chicago suburbs.

Buyers looking for a condominium in Arlington Heights can find exactly what they’re looking for at Salem Condominiums.

These condominiums are a project by The Hale Street Group, a Chicago-based developer. Salem Condominiums have several one and two-bedroom floor plans available. With prices starting at $120,000, Salem Condominiums is an excellent choice for first-time homeowners looking to get in the market without breaking the bank.

There are a total of 34 units in the three-story building located at 202 North Salem Avenue, between Wing and Eastman in the heart of downtown Arlington Heights.

Floor plans start at 600 square feet for a one-bedroom condominium, and range up to 800 square feet for the largest two-bedroom unit.

Renters can also enjoy living at Salem Condominiums. Rental rates start at $850 per month for a one-bedroom condominium at the development.

Residents of Salem Condominiums enjoy easy access to some of the best amenities in the Arlington Heights.

Commuters can walk to the Metra station, leaving the car behind and doing their part to take care of the environment. Metra offers quick and easy connections with the downtown Chicago business district as well as other parts of the city and suuburbs.

Families can enjoy several parks in the area, including Recreation Park, Volz Park, and Olympic Park. For a day at the races, check out the events planned at the Arlington Park Race Track, located just a few minutes from Salem Condominiums.

Downtown Arlington Heights offers excellent shopping, restaurants, and nightlife, all within walking distance of Salem Condominiums, allowing residents to enjoy a dinner and a movie without worrying about where to park.

If you’re thinking about buying a condo in Arlington Heights, keep in mind the most recent statistics coming out of the neighborhood.

According to the Chicago Association of Realtors, sales of condos in Arlington Heights continue to drop. A total of 128 units were sold during the third quarter, a six percent drop from the same period last year and the lowest total sales for the quarter since 1999.

The market is starting to get flooded with condominiums for sale. Condo owners and developers who are currently selling a property in Arlington Heights must now wait an average of 126 days to find a buyer in the area. This is a 75 percent jump over last year and the longest turnover time the neighborhood has seen in more than 15 years.

With the drop in demand and a rising inventory of unsold condominiums, it’s no surprise that prices are starting to drop in Arlington Heights. The average sales price dropped by 6 percent during the third quarter, and now stands at $211,091.

However, with prices starting at $120,000, Salem Condominiums is sure to attract a lot of attention from buyers looking to get in the market at an affordable price.

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