1415 W Lunt Avenue

East Rogers Park is an excellent choice for buyers looking for affordable real estate in a beautiful and quiet corner of Chicago. The neighborhood offers easy access to downtown via public transportation, and plenty of beaches and lakefront parks.

One development that offers a number of excellent condominiums at affordable prices is located at 1415 W. Lunt Ave. This development was built in 1970, but was recently rehabbed. It now offers a total of 52 studio, one and two-bedroom units.

There are currently several units available on the market at 1415 W. Lunt Ave. Two one-bedroom units are available, with prices starting at $175,000. Three two-bedroom units are also for sale at 1415 W. Lunt Ave. Prices for these units range around $200,000.

Studio units are available from time to time at this affordable development. With recent sales prices just under $100,000, these units are the perfect choice for young professionals looking to get in their first home in Chicago.

Residents of 1415 W Lunt enjoy several luxury amenities standard in each unit. Kitchens come with stainless steel appliances, granite countertops, and hardwood floors. The master bath offers marble finishings, and plenty of closet space is available throughout. Hardwood floors are standard in the main living areas, while many bedrooms feature plush carpeting. A washer and dryer are included in each unit. Parking is available.

Residents of 1415 W Lund can walk to beaches, the El train, restaurants, and shopping in the neighborhood. The closest beach is Leone Park and Beach, just three blocks from the development. Nearby Loyola Park is the perfect place to relax on a warm summer afternoon and take in the excellent views.

Several restaurants can be found along Glenwood Ave and Morse Ave, including Morse Gyros, No Exit Café, and New Heartland Café. Dukes Hideaway is the local nightspot, and the neighborhood is a short distance from the popular Wrigleyville and Lakeview area, home to many of the best bars in the city.

Commuters will love the simple connections to downtown Chicago. The closest El train is located just a half block from 1415 W Lunt at Morse and Glenwood. The Metra station at Lunt and Ravenswood connects the area with the northern suburbs.

The real estate market in Rogers Park has seen a sharp drop in sales in recent months. According to data from the Chicago Association of Realtors, a total of just 75 units were sold during the first quarter in the neighborhood, down from 154 units sold during the same period in 2007.

This is the worst showing for the condo market in Rogers Park since 1999. The drop in demand led to a slight increase in the average turnover time for units on the market, putting more pressure on condo owners and developers. The average turnover time rose to 164 days during the first quarter, up from 150 days last year.

Higher inventory numbers and lagging demand led to a drop in prices for condominiums during the first quarter. According to the C.A.R. report for the quarter, the average sales price fell by 6 percent. If demand doesn't recover in the short term, buyers could see even lower prices for condominiums in Rogers Park.

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