Chelsea Townhomes

About the Building

The attractive Chelsea townhomes are currently under construction in Chicago's West Loop neighborhood, and they are expected to be completed in autumn of 2007. Located at 1117 W. Monroe, near the intersection of Monroe and Racine streets, the condodevelopment will feature spacious home and plenty of outdoor space with handsomely landscaped lawns. The development will offer 69 individual units with a number of layouts and standard parking for residents' vehicles.

In this day and age, there are some essential elements that we just expect to have in our urban dwellings, while other features are an added bonus that make the city lifestyle that much sweeter. The units at 1117 W. Monroe incorporate the basic necessities with a touch of luxury, from the handy building services and facilities to the amenities of your private abode. The building's floorplans, most of which include three or more bedrooms, come in different sizes to suit the needs of homeowners with varying family sizes. The average master bedroom is 217 square feet, although some can be as large as 225 square feet. The second bedroom is typically 156 square feet—still a good amount of space for the growing members of the household, or a great spot for the home office. And, in case your family includes a lovable cat or dog (or fish or bird, etc.), the building is pet-friendly.

The price per square foot for property at 1117 W. Monroe is reasonable. From listing to closing, the standard length of time a unit in this building stays on the market is 47 days. In regards to properties that are currently for sale, the average number of days a 3-bedroom unit has been listed for is around 60. There are currently few 3-bedroom residences available in this great development, that maintain an average listing price around just or slightly above the market price. In addition to the upfront price for real estate in this striking residential structure, it's helpful to know how much assessments and taxes are, since you'll be paying those on top of the mortgage. For this particular building, the average assessments are $185 per month and taxes cost between $1,500 and $4,000 per year.