1339 N Dearborn

1339 N Dearborn is one Gold Coast condominium development offering luxury one and two-bedroom units at an affordable price. The development is located steps from many of the best restaurants, nightlife, and landmarks in the neighborhood.

The development was completed in 1972, and offers a total of 112 condominiums. There are currently two units listed on the market at 1339 N. Dearborn at prices that are perfect for first time buyers looking to enjoy living in one of the premier neighborhoods in Chicago.

The most affordable unit on the market in this Gold Coast building is a two-bedroom and one-bath condominium. The unit is listed at $273,500, and offers a total of 1,000 square feet of living space. The other unit on the market offers the same floor plan, and is priced just slightly higher at $279,000.

Prices for units sold in the past few months at 1339 N Dearborn have ranged from $157,000 to $210,000 for a one-bedroom unit, according to data from the MLS. Two-bedroom units have sold for as low as $229,000 and as high as $300,000.

Rental units are also occasionally available in this development. A one-bedroom condominium is priced from $850 per month, and two-bedroom units can be found for $1,400.

Residents enjoy a number of excellent amenities. Most units have been refurbished, and offer gourmet kitchens with a stainless steel appliance package, wood cabinets, granite countertops, and a breakfast bar. Units also come with marble finishings in the master bathroom, hardwood floors throughout the main living areas, and plenty of extra closet space, including walk-in closets in the master bedroom.

Residents also enjoy several building amenities, including a laundry room, 24-hour doorman, bicycle storage, a rooftop deck, and plenty of extra storage space. Garage parking is available, and can be leased or purchased separately.

The neighborhood is home to several restaurants, with both casual and fine dining readily available. Mario's Gold Coast Ristorante, Edwardo's Natural Pizza, and Bella Lounge are just a few of the restaurants within a few blocks of home. Nightlife is centered mainly around State Street and Division, about three blocks from the development.

Living on the Gold Coast means being close to the best of Chicago. Much of the downtown Chicago business district is within walking distance, making it easy for commuters to save time and stay in shape at the same time. Public transportation is close by, with the nearest El train station three blocks away on Clark and Division. Several buses serve the neighborhood.

Buying a condominium on Chicago's Near North Side has never been more popular. The neighborhood continues to lead the city in sales, and has seen a much smaller decline in demand than many other parts of Chicago. According to data from the Chicago Association of Realtors, sales were down 4 percent in 2007 on the Near North Side, compared to more than 10 percent citywide.

Prices continue to rise in the neighborhood. The average sales price was up by 7 percent during the year, and promises to continue rising due to the neighborhood's popularity with young professionals, families, and retirees looking to move to the heart of Chicago.

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