One of the most celebrated architectural designs in recent memory, the proposed residential development at 1720 S Prairie Ave in the heart of Chicago's hot South Loop neighborhood promises to be a show-stopper. The condo development has been dubbed “X/O,” and it breaks from the mold of traditional residential high-rise design. Celebrated architect Lucien Lagrange has presented plans for two separate towers - the first 34 stories, and the second 45 - that are close together at the base, but diverge as they ascend. Traditionalists should be warned, this is a truly novel and revolutionary design that might not bode well for those that disdain architectural newness. Ground is expected to be broken in the winter of 2008, with a scheduled completion at some point in the year 2010.
Aside from its outward appearance, residential units are equally unique, as the buildings contain roughly 100 different layouts, all of which offer both comfort and style. Residents are also offered a range of pricing to suit all family sizes and budgets. Generally speaking, the price per square foot for property in the X/O condominiums at 1712 S. Prairie is $455, with an average square footage of 795. The smallest units offer 710 square feet of living space, while the largest ones encompass 903 square-foot floorplans. The maximum number of bedrooms available in this building is 3 which can be 156 square feet in area. On the other hand, if you don't need a lot of room, there are 1-bedroom units that are 132 square feet.
The standard length of time a unit in this building stays on the market is around 60 days, although some take as long as around 90 days to sell. Currently, there are many 1-bedroom residences available at 1712 S. Prairie. The average listing price for these units is $361,925 and the average sale price is a very competitive price. To give a better idea of the going rate for property in the X/O condominiums, a 1-bedroom here went for a very competitive price around a month back.
In addition to the price of the units themselves, it is always helpful to know how much you're going to have to pay in taxes and assessments to live somewhere. For this great residential building, homeowners generally pay $1500 - $4000 per year in taxes and an average of $284 in assessments each month.
One more thing, luxury is a premium at the X/O condominiums, and the buildings include a fitness center, swimming pool, an enormous botanical park, and even a Turkish steam bath. And in case you have a little furry friend at home who is planning on making the move with you, this building welcomes pets. So go ahead and pack up the toys, leashes, litter boxes, and food dishes because Fido or Fluffy may just become the newest four-legged neighbor at 1712 S. Prairie.
There are no units for sale right now, but fill out the form below to stay up to date on the latest units for sale in the building.