South Loop


  • Units: 330
  • A/C: CEN AIR
  • Exterior: GL, CC
  • Pets: CATS OK, DOGS OK

Although it is still under construction, the Lexington Park high-rise condo building promises to be one of the most comfortable and attractive new residential buildings in Chicago at the time of its completion in 2009. The building will be located at 2138 S. Indiana in the heart of the up-and-coming South Loop neighborhood, which has a close proximity to the downtown Loop and is quickly becoming one of the city's most fashionable neighborhoods. The various floorplans will cater to single residents and families alike with as few as 1 bedrooms, or as many as 2 separate sleeping spaces to house the whole crew - including Fido and Fluffy, since the building will have a "pets allowed" policy.

Just to give you the big picture, the units at Lexington Park will average around 761 square feet at a price of $367 per square foot. Breaking it down a bit more, the smallest units at Lexington Park encompass 656 square feet of living area, while the largest ones span 898 square feet. In addition to a varying number of bedrooms, the range of dwellings here accommodate with different sized kitchens, living rooms, dining rooms and family rooms. For example, if you are big into cooking and like to have the counter space to go with your passion, there are 92 square-foot kitchens, not to mention 234 square-foot dining room in which to serve your culinary creations.v In addition to knowing how big the place actually is-and whether you'll be able to fit your sectional sofa in the living room-potential buyers also find it helpful to get the lowdown on the selling history and current trends of properties in the building. The minimum time from the listing date to closing, a unit in this building has been on the market is around 30 days; the maximum is about 90 days. Depending on the number of bedrooms, the average market time for a property in this building fluctuates. For instance, a unit in Lexington Park with 1 bedroom has typically been up for sale for 241 days while a place with 2 bedrooms tends to stay on the market for about three months. And to give you an idea of the going rate today for real estate at this particular site, a 1-bedroom unit sold for a very competitive price in the summer of 2007.