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1250 N Dearborn

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If you're on the market for a luxury condominium on Chicago's Gold Coast, there are currently several ultra luxurious condominiums for sale in the neighborhood. One building that has five units on the market is located at 1250 N. Dearborn.

This 24-story building was completed in 1989, and offers a total of 100 units, giving it an occupancy of 95 percent. Four units are for sale and one unit is for rent at 1250 N. Dearborn. A two-bedroom and two-bath condominium is listed for rent at just $2,100 per month.

The most affordable condominium for sale at 1250 N Dearborn is a two-bedroom and two-bath unit. This condominium has been fully refurbished, and is priced at just $375,000. The largest unit currently on the market is a 1,450 square-foot condominium offering two bedrooms and two baths. This unit is priced at $525,000.

Residents of 1250 N. Dearborn enjoy a number of luxury amenities, including hardwood floors throughout the main living areas and plush carpets in the bedrooms. The gourmet kitchen comes with a stainless steel appliance package, granite countertops, and custom cabinets. Many units feature incredible views of the lake and downtown skyline from an oversized terrace.

The development offers a full selection of luxury amenities for all residents to enjoy. Valet parking can be rented by the month in the underground parking garage for $260 per month. The building also features a modern fitness center, 24-hour doorman service, extra storage, and a beautiful rooftop deck, where residents can soak in the sun and enjoy incredible city and lake views.

The building is located steps from many neighborhood amenities. State Street and Division Street offer a number of restaurants, with choices for every budget. The area is also home to plenty of nightlife, allowing residents to enjoy a night out without leaving the neighborhood.

Public transportation is readily available at the El station just a block away at Clark and Division. Several CTA buses run through the neighborhood, connecting to downtown Chicago in minutes. However, the real advantage of living on the Gold Coast is being able to walk to work, saving time and staying in shape.

Lakefront bike paths and Lincoln Park are within a few minutes' walk of home. Shoppers can enjoy the finest brand name shopping on the Magnificent Mile or head over to River North for art galleries and boutiques.

The Gold Coast is part of the busiest real estate market in the city. The Near North Side has consistently seen the most condo sales of any neighborhood in the city. According to data from the Chicago Association of Realtors, a total of 3,131 condos and lofts were sold in the area in 2007, down 4 percent from the previous year. However, this is a strong result for the year compared to the rest of the city. Sales in all of Chicago were down more than 10 percent during the year.

Prices continue to rise for luxury condominiums around the Near North Side. The average sales price jumped by 7 percent in 2007, and shows no sign of pulling back any time soon. The neighborhood will always benefit from the excellent location close to the downtown business district, and is seeing heavy development of ultra luxurious projects such as the Chicago Spire.

 

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