Eric Rojas, Chicago Real Estate Broker

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Sunday, November 22, 2009

New construction condos in Northcenter Chicago? At what price I ask.

True mobile blogging...snatching photos of new construction in Northcenter... while driving.





Are developers back in? I spotted these new construction condos going up quickly at the 4100 block of North Damen in Northcenter. The buildings are similar to the yet-to-be-sold-out-forever condos next door. City wide in general, smaller new construction and new conversion development projects have been elusive for a good year or so. There are many reasons, starting with developer and buyers inability to get financing due to sometimes maddening guidelines. I digress.


The existing top floor, three bedroom condo for sale at 4043 N Damen is now listed at $419,000 plus $25,000 for a parking outdoor space... not garage spot. The over-all market time for this property is over 600 days and it was originally priced at $565K. Nice finishes, great front terrace but no roof top deck. Natch.


I have not found sales information on line for the new buildings just yet. Let's hope they are three bedroom units (at least), priced well and finished for the new first time buyer's rush we'll see early spring 2010. This is a nice, if not busy location, located across from a CVS drug store, a Jewel Food Store, 5 minute walk to the CTA Brown Line train at Irving Park Road, and a bevy of newer restaurants and bars including the popular Brownstone sports bar and upscale Sola restaurant. It's a good spot to get to other neighborhood entertainment centers like Lincoln Square, Roscoe Village and Wrigleyvill quickly.


If you have question concerning Northcenter condos or these units specifically, please give me a call.

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