CONLON/Christie’s International Real Estate is to begin selling 60 units in an East Lakeview condo conversion project. The Grand Opening to the public is taking place this weekend from 12PM until 3PM on both Saturday, May 17th and Sunday, May 18th.
The rehabbed units are part of a development at 3033 N. Sheridan Road, near Belmont Avenue and Lake Shore Drive, says Tim Knipper, of CONLON/Christie‚Äôs, which is marketing the project on behalf of a Connecticut-based institutional owner.
The sales center opened May 1 and four gorgeous model units are now available for brokers and their clients to preview.
“There’s nothing in Lakeview quite like this,” Knipper says. “There’s not a lot of new product out there, especially with condos of this quality, in this price range.”
The available units include:
- Thirty-seven one-bedroom/one-bathroom units (approximately 850 square feet). Starting price is $215,000.
- Twenty-three two-bedroom/two bathroom units (approximately 1,150 square feet). Starting price is $310,000.
- There is also a 525-square-foot studio available for $169,000.
Indoor and outdoor parking is separate. Prices start at $35,000.
CONLON/Christie’s recently finished selling 67 units in a nearby condo conversion project at 2930 N. Sheridan Road, owned by the same investor.
“Demand for the units at 2930 N. Sheridan was strong, as evidenced by the brisk sales pace,” Knipper says. “We expect that also to be the case with 3033.”
Even though it’s a rehab project, buyers can choose finishes such as the color of the hardwood floors, cabinets and bathroom tile.
The units come with granite countertops, custom Merillat cabinets, GE stainless steel appliances, and in-unit laundry hookups.
Amenities at the 16-story building include a rooftop deck with new patio furniture and gas grill, secured entry, storage cages and a night doorman. Cable and internet is included in the monthly assessments. The project is FHA and VA approved.
In all, the development at 3033 N. Sheridan has 145 units, more than half of which were sold in 2005 and 2006. The current owner bought a block of more than 60 unsold units in 2011. CONLON/Christie’s was hired to oversee the rehab of the condos, in addition to the sales and marketing duties.
It is a Conlon & Co Merchant Bank Structured Real Estate Project.
Founded in 2009, Chicago-based CONLON has quickly become one of the city’s leading real estate firms with about 200 agents and offices in the Gold Coast, West Loop, Lincoln Park and Roscoe Village.
Since June 2013 it has been the exclusive local affiliate of Christie’s International Real Estate, bringing a more national and global reach to CONLON so they may better serve their clients.