It's a challenging reality in today’s market facing many first-time buyers looking for a place of their own. Young professionals who are accustomed to renting are trying to find that perfect place, without wiping out there bank accounts. Many young professionals believe there’s nothing out there for someone just starting out.
With that in mind, developer, Dan Matis of 5454 S. Everett LLC is converting an apartment complex to condominiums at 5454 S. Everett Avenue, in East Hyde Park.
Renovations have been underway for well over a year and buyer’s have began to move into Everett Place Condominiums. The great location, affordable price, chic finishes, elevator building and garage parking; make this development a must see for any first- time buyer looking to purchase in 2008!
Developers are updating the 1958 four-plus-one building, originally an apartment complex, to beautiful condominiums. Each unit will have a complete makeover, including new Bamboo floors, stainless steel appliances, Granite Countertops, Maple cabinets, marble/whirlpool baths, crown molding, in-unit washer & dryer and pre wired for cable, phone, hi-speed internet and surround sound. For an extra cost, owners can buy a garage or outdoor parking space. Bottom line, when you visit one of our model units it feels like a new unit and a place that you can call home. Finally, it's a great investment for buyers down the road because of the high appreciation well known in the Hyde Park community.
http://www.hpnclub.org/resources.phpCondos range from 600-square-foot to 800-square-foot one-bedroom, one-bath layouts. Buyers can enjoy the luxury of selecting some finishes and delivery is typically 45 days or less. In some cases, we have even seen some buyer’s mortgage payments lower than what they were paying in rent. None the less, I’m hearing a lot of prospective buyer’s say they’re tired of paying someone else’s mortgage, yet they want to find something affordable and in there price range-and we think Everett Place Condominiums, fit the bill!
Units average $154,400, making them cheaper than most condos under construction in Hyde Park. Sales started in March of 2007, and 13 of the 32 units have sold. There are eight unique floor plans to choose from and the developer is offering $3000 closing costs back to the buyer. Special financing for first-time home buyers is even being provided by Chicago Bancorp to help the buyer with down payment assistance.
Most of the buyers are single professionals who either work in the area; go to school in the area or who simply just want to live in an area because of the close proximity to downtown Chicago, Lake Michigan, the Museum, or the University of Chicago. They like the price and the location, but more important, they like the chic unit amenities and low monthly assessments.
Contact Eunece V. Franklin @ 312 404-5501 to schedule a showing or to learn more about Everett Place Condominiums.
