Olympia Centre

Streeterville is the hottest market for downtown Chicago real estate. The area offers incredible developments with modern amenities and amazing skyline views. Residents of Streeterville also enjoy an unrivaled urban lifestyle.

One of the most popular developments in Streeterville is Olympia Centre, located at 161 E. Chicago Ave. This high-rise tower currently has several units both for sale and for rent.

One unit currently listed on the market for rent is a one-bedroom and 1.5 bath condominium. The furnished unit faces southeast, and offers incredible views of the downtown Chicago skyline. The owner is looking for a one-year contract, and the rent is $3,200, including one parking space.

One condominium currently listed for sale on the market is a one-bedroom and one-bath unit. This amazing opportunity comes furnished with designer appliances and offers amazing views of downtown Chicago. The price for this condominium is $485,000.

Other larger condominiums are often available at Olympia Centre. Prices for these units can run into the millions of dollars.

Residents enjoy an amazing list of amenities. Many condominiums come with a designer appliance package, granite countertops, and hardwood floors. Most residents enjoy incredible views from every side of the building.

The full amenity building also features an indoor pool and Jacuzzi, and a health club for residents to stay in shape throughout the year. Extra storage, a heated parking garage, and 24-hour doorman and concierge services also come standard at the Olympia Centre.

The location of this development is one of the main attractions for buyers and residents. The Olympia Centre is just a half block from the Magnificent Mile, home to the best shopping in Chicago. Find boutiques, designers, and brand names along this famous stretch of Michigan Avenue.

Residents are also steps from other Streeterville landmarks such as the Museum of Contemporary Art, Northwestern University, and Lake Shore Park.

Commuters will love the easy access to downtown and other parts of the city via the Red line of the El train, located just three blocks away. CTA buses also run along Michigan Avenue and State St.

If you're in the market for a new condominium on the Near North Side, keep up with the latest news and stats for the neighborhood.

According to the Chicago Association of Realtors, a total of 846 condos were sold during the third quarter, making the Near North Side the most active market in Chicago. However, this is a five percent decline in sales when compared to the same period in 2006.

Condos are sitting longer on the market as a result of the decline in sales and increasing inventory of new units on the market. The average turnover time for units sold during the third quarter was up 22 percent to 119 days.

Prices continued their upward march in the neighborhood. New luxury developments and the area's popularity helped prices move up despite the downturn in sales. The average sales price during the third quarter was 5 percent higher than during the same period in 2006, and should continue to rise if sales remain steady in the area.

Check out for yourself this amazing development in Streeterville. Enjoy an amazing lifestyle in the heart of downtown Chicago today.

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