1415 N Dearborn

The Gold Coast continues to offer some of the best new developments and older developments that are packed with luxury amenities. One building that has offered luxury condominiums for more than 30 years in the neighborhood is located at 1415 N Dearborn.

This 96-unit high rise offers a number of floor plans for buyers to choose from. Two and three-bedroom condominiums are available. There are currently five units listed on the market at 1415 N. Dearborn. The most affordable unit is a two-bedroom and two-bath condominium that offers a total of 1,250 square feet of living space. This condominium is priced at $309,000.

Other two-bedroom condominiums currently on the market offer from 1,300 square feet to more than 2,300 square feet of living space. These units are priced as high as $735,000. Rental units are also occasionally available at 1415 N Dearborn. Rental prices have ranged from $1,750 per month to more than $2,200 per month.

Many units at 1415 N Dearborn have been fully rehabbed, and now offer a number of luxury modern amenities. Gourmet kitchens come with an appliance package, granite countertops, and custom cabinets. Residents also enjoy a large master bedroom with walk-in closets and dressing area. A washer and dryer are included in each home.

Residents also enjoy a number of common amenities in this building. The development offers a 24-hour doorman service, extra storage, and parking in the underground garage. Residents can stay in shape in the modern fitness center or get some sun by the rooftop pool. Many units enjoy excellent city and lake views.

Residents enjoy several local amenities that make living on the Gold Coast a pleasure. The bike paths, walking trails, and beaches along Lake Michigan are just a few blocks to the east, making it easy to enjoy this scenic part of Chicago every day.

Restaurants, nightlife, and shopping are centered around State and Division, with options for every taste and budget in the area. For those looking for the finest shopping in Chicago, the Magnificent Mile is just a few blocks south. Also, nightlife in Old Town is second to none.

Commuters enjoy easy access to the downtown Chicago business district via convenient bus connections in the area. Several bus lines get you to downtown in a few minutes. If you're not in a hurry, much of the downtown business district is within walking distance. The El station at Clark and Division connects the neighborhood with the rest of the city.

The Gold Coast is part of the most active real estate market in the city. According to data from the Chicago Association of Realtors, a total of 3,131 condominiums and lofts were sold around the Near North Side in 2007, which includes the Gold Coast, Old Town, and Streeterville.

While this represents a 4 percent decline in sales from the previous year, the neighborhood fared much better than the rest of the city, where sales fell by more than 10 percent during the year.

Prices were up for condominiums sold in 2007 on the Near North Side. The average sales price for the neighborhood rose by 7 percent from the previous year, and shows no signs of pulling back any time soon.

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