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909 W Washington

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The Near West Side has been converted in recent years from a neighborhood of decaying warehouses into one of the trendiest corners of downtown Chicago. The area offers plenty of luxurious condominium and loft developments that are popular with young professionals.

One of the newest developments in the area is located at 909 West Washington, steps from the downtown Chicago business district. This 10-story tower offers a total of 109 condominiums, with floor plans ranging from one to two bedrooms. Duplex units are also available. The developer has also built 9,000 square feet of ground floor retail space.

Units are currently available for rent and for sale at 909 West Washington. One unit on the rental market in the area is a one-bedroom and one-bath condominium. The price for this 900 square-foot unit is $2,800, including one indoor parking space. A one-bedroom condominium is also available for buyers, and is priced at $304,900.

Residents of 909 W Washington enjoy a number of modern amenities. Kitchens come stocked with stainless steel appliances, 42-inch cabinets, and granite countertops. Many units also come with an included washer and dryer. Walk-in closets, private decks, and marble bathrooms are offered standard. Many units also include a gas fireplace.

High ceilings and floor-to-ceiling windows give a feeling of space and offer incredible views of the surrounding city.

Common amenities shared by all residents include a modern fitness center, extra storage space, and an indoor, heated parking garage. The rooftop deck is the perfect place to enjoy a sunny day and get to know the neighbors. The building also offers a 24-hour doorman service.

The neighborhood is one of the most convenient locations in the city. Restaurants, art galleries, clubs, bars, and cultural events are found throughout the area. Residents are also steps from Greek Town, Chinatown, and the best attractions in downtown Chicago.

Commuters can do away with the daily train or bus trip to work. The downtown Chicago business district is just a few blocks away, making it possible to walk to work in minutes. Nearby Union Station and El stations provide easy access to the rest of the city.

If you’re in the market for a new condo on the Near West Side, keep up to date with the latest news coming out of the real estate market.

According to recent data from the Chicago Association of Realtors, sales in the neighborhood took a nosedive during the third quarter. A total of 383 condominiums were sold during the third quarter, down from a high of 559 units sold during the same period in 2006.

However, the inventory of unsold condos sitting on the market seems to have stabilized after several years of heavy development in the area. The average turnover time for condos sold during the third quarter rose slightly to 149 days, just 4 days longer than the same quarter in 2006.

The stable inventory in the area helped prices continue to increase around the Near West Side. The average sales price during the third quarter posted an 11 percent annual increase, and could continue to rise if demand remains steady in the area.

Buyers looking for luxurious and modern condominiums and lofts can enjoy some of the best new developments in this convenient and popular neighborhood.

 

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