1 E Schiller St - Gold Coast

If you're looking for a quality condominium in one of Chicago's premier neighborhoods, take the time to check out the luxury units at 1 E. Schiller St, located on the Gold Coast.

This development was completed in 1962, and offers a total of 78 units. The 23-story building has several floor plans for buyers to choose from, all with a number of luxury amenities.

Floor plans at 1 E. Schiller St range from one to four bedrooms. There are currently no units on the market as of April 24, but recent closings listed on the MLS give a picture of prices for these luxury units.

One-bedroom condominiums range in price from $279,900 to $410,000. Two-bedroom units range in price from $321,000 to $480,000. Three-bedroom units are priced from $446,000 to $479,000. No four-bedroom units have been sold in recent months. Floor plans at 1 E. Schiller Street offer an average of just under 1,000 square feet of living space.

Residents enjoy a number of luxury amenities. The building offers a 24-hour doorman service, central air conditioning throughout, parking in the underground heated garage, and valet parking. Residents can move in with their cat or dog, as pets are allowed in this development. The development also offers coin laundry, extra storage, a bike room, and easy access to a bike trail.

Views from 1 E. Schiller are excellent. Most units enjoy either a view of the downtown Chicago Condos or partial views of Lake Michigan.

The neighborhood is one of the biggest attractions for buyers looking at units at 1 E. Schiller. The development is steps from many excellent restaurants, including Mario's Gold Coast Restaurant, P J Clarke's and many other fine eateries. Restaurants are centered around Dearborn and Goethe Street.

There's also plenty of nightlife in the area to keep residents entertained throughout the week. Bars and clubs are located along State Street and Division Street, and include popular destinations such as Funk Groove Bar and Butch Mc Guire's Tavern.

If you're looking to enjoy a warm summer day, head up to Lincoln Park, located just two blocks north of the development. This park offers plenty of wide open spaces, beaches, bike paths, and trails. Navy Pier is another popular destination for the entire family during the summer.

Public transportation is available throughout the neighborhood, with several buses serving the immediate area. The Clark/Division El station connects the neighborhood with the rest of Chicago in minutes.

The real estate market on the Gold Coast is one of the hottest in the city. The area is included in statistics for the Near North Side, which is the market with the most sales in all of Chicago.

According to data from the Chicago Association of Realtors, a total of 557 condos and lofts were sold in the neighborhood during the first quarter of 2008. While this is well off the high of 1,141 units sold during 2005, it is still the highest total sales of any neighborhood during the quarter.

Prices in the neighborhood jumped an impressive 24 percent during the first quarter, as many new luxury developments come up for sale around the Near North Side. A steady inventory of new units on the market will help keep prices in the positive range in this conveniently located and popular neighborhood.

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