Fairbanks At Cityfront

About the Building

Though construction has started and stopped several times over the past five years on this much-awaited high-rise Chicago condo development, the building is expected to be completed in 2007, with first move-ins slated for early 2008. When it is finished, this building, which is located at 240 E. Illinois in the popular River North neighborhood, will offers spacious units, quality construction and all the amenities you need to live in comfort.

The development offers units with a number of different layouts. The various floorplans include anywhere from 1 to 2 bedrooms. Typically, the living rooms are 271 square feet, providing plenty of space to host a Super Bowl party or your child's sleep-over. Although, with second bedrooms being 132 square feet on average, your kids and their little buddies will have enough space to camp out on the floor in their own room if they want.

The units at 240 E. Illinois offer sizeable square footage, but sometimes the penthouse itself isn't enough to gain your interest if you're not allowed to bring your beloved pet along to the new abode. Not to worry, this residential building welcomes the four-legged members of the family as well, so start packing up Fluffy's things and picking out the perfect new spot for that paw-print water bowl.

In addition to the tangible characteristics of the units and regulations of the building, you'd probably like to know about the less obvious nuts and bolts behind the façade, right? More specifically, how much you should anticipate paying in monthly assessments. Well, the most recent research from homeowners in this sought-after River North dwelling shows the average assessments cost $401 per month. And just to help potential residents-such as yourself-get a better idea of how real estate in this building is faring these days, we've compiled the latest data on the purchase history and current conditions for 240 E. Illinois.

From the time it is listed to the time it sells, the standard number of days a unit in this building stays on the market is 327. Just to give you a ballpark figure on the typical price for a place here, a 1-bedroom most recently sold for $389,900 in July of 2007. More generally speaking, the price per square foot is $403.