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2734 S Wentworth St

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If you're on the market for an affordable condominium in Chicago, you don't have to go too far from downtown Chicago to enjoy a luxury condominium at a bargain. Bridgeport is one neighborhood that has seen resurgence in recent years with the arrival of many new Chicago condominiums.

One development that has been around since 2004 in Bridgeport is located at 2734 S Wentworth Street. This brick five-story building offers a total of 60 units, with a number of floor plans for buyers to choose from.

There are currently four units listed on the market at 2734 S Wentworth. The most affordable condominium is a one-bedroom and one-bath unit on the second floor. This condominium offers a total of 700 square feet of living space. After originally being priced at $189,000, the owner has lowered the asking price to $179,900. The unit has been on the market for nearly four months.

There are also two two-bedroom condominiums available at 2734 S Wentworth. The most affordable unit is a third-floor condominium that offers a total of 954 square feet of living space. This condominium has been on the market for 350 days, and the asking price has not budged from $220,000. The other two-bedroom unit is located on the fourth floor, and is priced at $235,000.

The largest condominium available at 2734 S Wentworth Street is a three-bedroom and 1.5-bath condominium located on the third floor. This unit offers a total of 886 square feet of living space, and is priced at $249,000. The owner has already brought down the price for this unit from $259,000 after just one month on the market.

Residents enjoy a number of luxury amenities at 2734 S Wentworth. Each unit comes with a gourmet kitchen with ceramic tile floors, an appliance package, and plenty of cabinet space. Residents also enjoy an in-unit laundry, private outdoor space, and plush carpeting throughout the main living areas and bedrooms.

The building offers a secure entry system with video, garage parking, and high ceilings. Parking is included in the purchase price of all units, except for the one-bedroom condominium that is currently for sale.

The neighborhood offers a number of excellent restaurants within a few blocks, particularly around Chinatown. Popular restaurants include Grand Palace and the China Town Café. There isn't much nightlife in the neighborhood, but you can head up to Cermak Road and further into the South Loop to find some of the most popular place to go out for a night on the town.

Commuters can get to downtown Chicago and the rest of the city via the Orange line of the El or several stations around 35th Street near the Illinois Institute of Technology. Expressways are the best way to get around the city from this condominium development.

Bridgeport hasn't always been known as a destination for buyers looking for a new condominium. However, the market continues to enjoy strong results despite a downturn in sales around Chicago. A total of 8 units were sold during the first quarter, down slightly from the same period in 2007, when 10 units were sold.

Prices were up by an impressive 34 percent during the first quarter, but a rising inventory of unsold units on the market could bring prices under control. It now takes an average of 225 days to sell a condo in Bridgeport, one of the longest turnover times in the city.

 

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