Park Newberry

About the Building

The name for this high-rise condo development is derived from its proximity to two Chicago icons: the Newberry Library and Washington Square Park. Park Newberry is just one residential development in the Gold Coast neighborhood that offers spacious units, quality construction and all the amenities you need to live in comfort. Located at 55 W. Delaware, the structure has been around since 1998 and has 183 separate units with standard parking for residents with vehicles.

Park Newberry is a striking development that offers units in a number of different layouts that have an average of 935 square feet of living space. The various floorplans include anywhere from 1 to 3+ bedrooms with an average master bedroom size of 182 square feet. The kitchens are typically 101 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 340 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. Park Newberry 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 furry friend's water bowl.

In addition to the basics of the building, it’s important to have a concept of how much you can expect to pay annually in assessments and taxes. Well, the average assessments for this sought-after Chicago residence are $334 per month, on top of taxes that typically cost $3,748 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 55 W. Delaware is $406, with an average size of 935 square feet. The smallest units offer 900 square feet of living space, while the largest ones encompass 1011 square foot floorplans. The standard length of time a unit in this building stays on the market (between listing and closing) is 75 days. Just to give you an idea of the going rate today for this particular site, a 1-bedroom unit sold for $389,000 in July of 2007.