Chippewa

About the Building

The Kenwood neighborhood of Chicago often gets overshadowed in the Chicago real estate market by its neighbors to the north, but one step inside this handsome residential high-rise and you'll think that you're in the Gold Coast. Located at 5050 S. East End Ave, just across the street from the lakefront and beautiful parkland, this structure has been around since 1950 and has 54 separate condos with general vicinity parking for residents with vehicles.

The Chippewa tower is a striking development offering units with a number of different layouts and an average of 1190 square feet of living space. The various floorplans include anywhere from 2 to 3 bedrooms with an average master bedroom size of 256 square feet. Typically, the kitchens are 86 square feet, providing plenty of space to cook dinner for the family, or whip up a feast to entertain friends at your new home. And speaking of entertaining, the living rooms in this building are designed with up to 425 square feet of floor space-enough to host small get-togethers, or just lounge around on your own in wide open privacy.

No matter where you live, there are some essential amenities that, in this day and age, we just expect to have. Other features are an added bonus that make the city lifestyle that much sweeter. The Chippewa tower incorporates the necessities with a touch of luxury from the rooftop aspects to handy building services to the critical elements back in your private abode. Luxury amenities or not, sometimes the most important factor in purchasing a new home is whether or not your four-legged family member can move in with you. This residential building is pet friendly, so start scoping out the perfect new spot for your four-legged friend's water bowl.

In addition to the basics of the building, you probably want the nitty-gritty behind the facade, too, such as how much can you expect to pay annually in assessments and taxes. Well, the average assessments for this sought-after Chicago residence are $574 per month, on top of taxes that typically cost $1,022 per year. And just to help you weigh out the nuts and bolts of purchasing a piece of real estate here, as opposed to some other building, we've compiled the most up-to-date data to suffice a comparison.

The price per square foot for property at 5050 S. East End Ave is $124, with an average square footage of 1190. The smallest units offer 1083 square feet of living space, while the largest ones encompass 1250 square foot floorplans. The standard length of time a unit in this building stays on the market (between listing and closing) is 137 days. Just to give you an idea of the going rate today for this particular site, a unit with 2 bedrooms sold for $135,000 in April of 2007. There are currently a few 2-bedroom residences available in Chippewa, with an average listing price around $159,475.