CA23

The West Loop of Chicago offers some of the best luxury condominiums close to downtown Chicago. The trendy neighborhood that was once a quiet corner of downtown has attracted new residents from around the city.

There are several new luxury loft and condo developments currently underway that offer excellent amenities and a convenient location just west of downtown.

CA23 is one of the newest luxury condo developments. The two 5-story buildings will offer large, two- to four-bedroom units that are an excellent choice for families looking to enjoy the unique urban lifestyle that can only be found in the heart of Chicago.

CA23: Chicago Pre-Construction Condo

CA23 is being developed by the Brixton Group, a Chicago-based developer that has focused on condo conversions in neighborhoods around the city. Some of their previous projects include the conversions at 1100 West Washington, 750 North Milwaukee, and 520-22 West Oakdale.

The $35 million development will offer a total of 48 condominiums. Completion of the first stage of 24 condominiums is planned for early next year. CA23 is located at 20 N. Carpenter Street.

Floor plans range from 2,000 to as much as 4,000 square feet. Two-, three-, and four-bedroom units are available.

Amenities will include indoor parking, private elevator access to each unit, and private yards for ground-floor condominiums.

Kitchens come standard with stainless steel appliances, limestone countertops, and Italian cabinets. Bathrooms offer separate showers and tubs and brand-name fixtures.

Prices for the 2,000 square-foot two-bedroom units start at $640,000. The largest units sell for as much as $1.2 million.

The West Loop is one of the most popular neighborhoods in the city for young professionals and artists. The area is home to several art galleries, offering some of the best work from local and national artists.

Randolph Street, located close to CA23, is the epicenter of fine dining in the West Loop area. Restaurants such as Blackbird, Sushi Wabi, and Marche are all within walking distance of CA23.

Commuters will love the easy access to the downtown Chicago business district. There are several bus lines in the area. Downtown is also easily accessible on foot or by taxi.

Buyers looking for a new luxury condominium in the West Loop should be aware of current market conditions for real estate in this part of Chicago.

According to the Chicago Association of Realtors, the total number of sales of condominiums on the Near West Side of downtown dropped by 20 percent to 560. While the area is still one of the most active condo markets in all of Chicago, this drop represents a serious decline in demand.

Inventory numbers for the Near West Side show that sellers are waiting longer to find a buyer for their condominium. If you own a condo in this part of Chicago, it will now take you an average of 175 days to find a buyer.

If demand continues to decline and condominiums stay on the market longer, sellers will be forced to lower prices to attract buyers.

If you are looking for a condo west of downtown Chicago, it may be time to negotiate for a price that reflects the current market conditions.

The average sales price continued to increase during the second quarter of this year, up to $352,205. However, the market may not be able to support the decline in demand and increasing inventory of condominiums sitting longer on the market.

YES! GIVE ME MORE INFO

To:

BestChicagoCondos.com

From:

Your message:

Hello, my name is and I'm writing you today because I want to get detailed information on CA23.

I look forward to receiving:
Pricing, Availability, Floor Plans, Recent sales, Pictures, Assessments/Taxes & Independent Expert Advice.

personalize this message

[close]

Thank you.

Please enter valid Email address

Please enter First Name

Enter Comment

Your inquiry will be promptly answered by a licensed Illinois real estate consultant/ agent from Dream Town Realty, Chicago. Naturally, Dream Town is a sponsor of BestChicagoCondos.com

Sending your message.
Please Wait...