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1309 N Sutton Place

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Chicago's Old Town offers residents an excellent lifestyle on quiet tree-lined streets, just minutes from the heart of downtown. The neighborhood has several luxurious condominium developments with the latest amenities.

One development that offers a number of luxury condos in Old Town is located at 1309 N Sutton Place. This 50-unit building was completed in 1978, and offers a number of floor plans for buyers to choose from. Many of these condominiums are huge, making them a perfect choice for larger families.

The building's popularity makes it difficult to find a unit available on the market. One unit that was listed in recent months was a five-bedroom and five-bath condominium with an incredible 5,500 square feet of living space. This unit was listed at $2.395 million.

Residents of 1309 N. Sutton Place enjoy a number of luxury amenities. The gated community has a 24-hour guard and doorman, and offers a suburban feel in the heart of the city. Units come with a gourmet kitchen with the latest brand name appliances, marble finishes, and custom cabinets. The 1,300 square-foot master suite ensures that you'll feel right at home at 1309 N. Sutton Place.

The development offers parking. Many units come with multiple parking spaces. The building is pet friendly.

Living in the heart of Old Town means that you'll enjoy some of the best amenities in Chicago. The Gold Coast, Streeterville, the Magnificent Mile, and River North are also all within walking distance of home.

Old Town offers a number of restaurants serving cuisine from around the world for every budget. North Wells is the culinary heart of Old Town, and residents can also find several Gold Coast eateries along Division Street.

The nightlife in the neighborhood is among the best in the city. Several popular clubs can be found along Division Street and State Street, including Leg Room and the Zebra Lounge. Old Town offers a number of live music venues, and several bars and clubs within a few blocks of 1309 N. Sutton Street.

Commuters will love the easy access to downtown Chicago via the nearby El station at Clark and Division. Much of the downtown Chicago business district is within walking distance, making it easy for residents to save precious time and stay in shape.

Old Town is part of the Near North Side statistical area, which is consistently the most active real estate market in all of Chicago. According to data from the Chicago Association of Realtors, a total of 3,131 condominiums were sold in the neighborhood in 2007.

While this is a 4 percent drop in sales from the previous year, it is still a good result for the market. Sales across Chicago were down by more than 10 percent during 2007.

Prices in the neighborhood continued to rise during the year. The average sales price rose by an average of 7 percent in 2007, and shows no sign of pulling back from previous gains. A number of new ultra luxurious condominium developments are opening their doors in the area, including the highly anticipated Chicago Spire, which will add value to the real estate market on the Near North Side.

 

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