1309 N Wells

Wells Street is the heart and soul of Old Town Chicago. The area offers a number of excellent restaurants, unbeatable nightlife, and luxury condos developments for every budget.

One development in the heart of Old Town that currently offers several units on the market is located at 1309 N. Wells. This 80-unit building was completed in 1990, and offers a number of different floor plans for buyers to choose from.

The most affordable unit currently on the market at 1309 N. Wells is a two-bedroom and two-bath condominium listed for $349,000. Another two-bedroom and two-bath condominium is available for $369,000. Parking is included with this unit.

There are also units available for rent from time to time at 1309 N. Wells. Rental units range from $1,175 for a one-bedroom condominium to $2,500 for the largest two-bedroom and two-bath unit. A two-bedroom and two-bath unit is currently available, and is priced at $1,900.

Residents of this building enjoy a number of luxurious amenities. The gourmet kitchen comes with a stainless steel appliance package, granite countertops, and maple cabinets. Residents also enjoy a large living room with gas fireplace, balcony, and extra large windows that let in plenty of natural light throughout the day. Each unit offers hardwood floors throughout the main living areas, and plush carpeting in the bedrooms. Many units enjoy the convenience of a washer and dryer. Views of the Chicago skyline and parks are available from many condominiums.

The building also offers a number of luxurious amenities for all residents to enjoy. The rooftop deck is the perfect place to get to know the neighbors while taking in some sun. Entertain friends and family in the party room. The building also offers plenty of extra storage space, an underground parking garage, and 24-hour doorman service.

The neighborhood is one of the biggest draws for buyers at 1309 N. Wells. Old Town offers a number of restaurants for every budget, as well as an active nightlife that ranges from live music to chic clubs.

The neighborhood is well served by public transportation, with several CTA buses running through the area and an El train station just two blocks away at LaSalle. The development is also within walking distance of most of the downtown Chicago business district, as well as Streeterville, the Gold Coast, and River North.

Old Town is part of the Near North Side statistical area, which is consistently the most active market in all of Chicago. Sales were down in 2007, but not as much as across Chicago. According to the Chicago Association of Realtors, sales fell by 4 percent on the Near North Side in 2007.

However, prices for condominiums continued to rise in the neighborhood during the year. The average sales price rose another 7 percent in 2007, and shows no signs of slowing in the next few months. In fact, some of the most expensive real estate ever seen in Chicago is currently being offered on the market, which will help to raise values of condos throughout the neighborhood.

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