Yesterday I started a three-part look at the two-bedroom / two-bath market in three lakeside communities on the North and Far North sides: Lake View, Uptown, and Edgewater. In Lake View, these types of condos run from the $340s to the $560s, with a median price in the $440s.
Move north into the next community area, Uptown, and you find that the median price of a two-bedroom / two-bath is about $120,000 less than in Lake View. Like Lake View, Uptown has plenty of options in this market — I found more than 30 new two-bedroom / two-baths during a quick MLS search.
The three condos below represent the low, median, and high price points for Uptown.
- Least expensive: Unit #309 at 950 W Leland Ave, priced in the $260s. This 1,131 square-foot unit, listed by Baird & Warner, is located inside a 60-unit, FitzGerald Associates-designed mid-rise at the northeast corner of Leland Avenue and Sheridan Road. The building saw some significant price cuts back in April, and Baird & Warner is now advertising several incentives, such as free washer / dryer units and free parking spaces (a $23,000 value) for the next five buyers.
- Median: Penthouse West at 1219 W Foster Ave, priced in the $320s. This unit, marketed by @properties, has deeded roof rights, Brazilian cherry floors, 42-inch kitchen cabinets, stainless-steel appliances, a master bath with stone finishes, a jacuzzi tub, and a shower with body sprays, and extra storage. The unit comes with a parking space at no additional cost.
- Most expensive: Unit #408 at The Kinetic Condos at Rainbo Village (above), 4814 N Clark St, priced in the $410s. This unit, listed by Jameson Real Estate, is located in one of Rainbo Village’s two Pappageorge / Haymes-designed mid-rises and comes with floor-to-ceiling windows, granite kitchen countertops, 42-inch kitchen cabinets, stainless-steel appliances, baths with marble finishes and whirlpool tubs, additional storage, and a garage parking space. Jameson’s listing mentions Rainbo Village’s “highly motivated seller looking for offers,” perhaps a nod to the fact that the developer faces a $24 million foreclosure suit.
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