NEW FOR SALE! Old Town condo with attached garage parking $413,999

This 1999 built twelve unit boutique building features an elevator and attached garage. The quiet cul du sac location in the middle of all the Old Town amenities and close to downtown and the lake. 227 W Scott Unit 2W is one of the lowest priced mid-rise two beds, two baths with garage parking in all of Old Town and Near North.

New on the market! Check out this Old Town condo 3D TOUR with everything a buyer asks for: Garage parking, outdoor space, in-unit washer/dryer, two bathrooms and storage! 

More listing details HERE

In the last six months, 34 two beds, two baths condos in buildings with 36 or less units (small multi-unit, mid-rise) have closed in the Near North Community area (including Old Town). The median price of a sold condo is $525,000! Take advantage of the new market conditions and get a great value. 

227 W Scott, Unit 2W, Chicago IL 60610 asking $413,999

Exclusive listing:

Contact Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

erojas@kalerealty.com

Chicago parking

Photo Bob DePalma, Kale Realty

We came across these beauties today.  A parking spot in this Edgewater high-rise heated garage will cost you $10K each.  The cars?  Well...

Garage Parking a premium for Lincoln Square condos sales

We recently viewed a Lincoln Square condo on prime residential West Giddings Street.  The unit comes with garage parking shown above.

In the last 12 months 101 Lincoln Square condos have closed on the MLS with garage parking (either included with the unit or available for lease).  The median price for a condo with garage parking associated with it is about $315,000.

On the other hand, 89 condos sold with outdoor parking associated with them (either included or available for lease).  The median price for those sold condos is only $208,000.  This price also reflects the type of available units.  That is, units with garage parking tend to be larger and/or better finished and in more desirable buildings on average in my experience.  This includes newer construction buildings with heated garages that simply catch more money.

Coincidentally, 89 condos closed over the last 12 months that were listed with NO parking associated with the unit.  The median price for these closed condos is only $137,000.