About the Building
Homebuyers find some of the most attractive (and affordable) real estate in Chicago in the beautiful lakefront neighborhood of Hyde Park. This residential high-rise at 5346 S Cornell Ave, for example, puts the neighborhood’s assets on display, offering quality construction, spacious units and all the modern conveniences you need to live in comfort and modern luxury. Known as the Cornell Towers, this condo development offers 72 individual units that are spread out over 13 floors, offering breathtaking views of Chicago’s south side and Lake Michigan. Units are offered in a number of layouts and assigned/deeded parking is available for residents' vehicles.
In this day and age, there are some essential elements that we just expect have in our urban dwellings, while other features are an added bonus that make the city lifestyle that much sweeter. Built in 1920, units at 5346 S. Cornell incorporate the basic necessities with a touch of luxury and grandeur from the roaring ‘20s—from the handy building services and facilities to the amenities of your private abode. The building's floorplans, which generally include 2 bedrooms, come in different sizes to suit the needs of homeowners with varying family sizes. The average master bedroom is 149 square feet, although some can be as large as 176 square feet. The second bedroom is typically 124 square feet, which is still a good amount of space for a bedroom, or it serves 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 5346 S. Cornell is $268, and from listing to closing, the standard length of time a unit in this building stays on the market is 98 days. In regards to properties that are currently for sale, the average number of days a 2-bedroom unit has been listed for is 48.
In this Hyde Park development there are currently few 2-bedroom residences available that maintain an average listing price around $300,150. 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 $210.00 per month and taxes cost from $1,500 to $4,000 per year.
Learn more about 5346 S Cornell
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