Wolf Ridge Condominiums expands incentives in downtown Northlake

Prospective buyers who act fast can receive incentives valued at up to $25,000 at Wolf Ridge Condominiums, a unique city-owned new-construction 60-unit residential development located at 77 N. Wolf Road just north of North Avenue (Illinois 64) in downtown Northlake.

"For a limited time, the developer - the City of Northlake - is offering to pay both the real estate taxes and condominium assessments for the first year of ownership at Wolf Ridge, and give the buyers two free indoor heated parking spaces," said Paul Dincin, partner in Catapult Real Estate Group, the exclusive marketing agent for Wolf Ridge Condominiums, LLC.

Each indoor heated indoor parking is valued at $7,500. The real estate tax and assessment incentives are valued at $8,000 to $10,000 depending on which unit is purchased.

"Grand-opening incentives valued at up to $25,000 at Wolf Ridge Condominiums will help buyers step across the threshold of their new home with substantial financial help," noted Dincin.

"This promotion will really give buyers a running start," Dincin said. The real estate tax and assessment incentive is like "expense-free living" for a year, he said.

"A purchaser's taxes and fees - include building insurance, management, water, gas for heating, cooking, clothes drying and hot water, snow shoveling and plowing, landscaping, and window washing - are all prepaid for the first year," Dincin said.

The recent grand opening launches Phase II sales at Wolf Ridge Condominium. Twenty immediate occupancy luxury condominiums have been released for sale, said sales manager Ruben Colon.

Twenty units already are sold and occupied in Phase I of the development. One-bedroom, 2-bedroom and 3-bedroom residences with 1 or 2 baths and 1,080 to 1,790 square feet of living area are offered at Wolf Ridge.

Prices begin at $149,900 for the most affordable 1-bedroom, 1-bath unit, and $169,900 for the most affordable 2-bedroom, 2-bath layout. The most expensive luxury 3-bedroom, 2-bath floor plan is priced at $239,900. Monthly assessments range from $203 to $318.

"The City of Northlake developed Wolf Ridge to provide new market-rate housing in the suburb, and this unique community offers homes with developer stability and a warranty of quality," said Dincin. "Buyers will have the security of knowing the City of Northlake is there to stand behind and warrant the quality of this building."

"Thirty-year fixed-rate conventional financing is available for qualified buyers at 4 percent interest with a low 5-percent down payment." said Jeffrey T. Sherwin, Mayor of Northlake.

Other affordable financing plans for buyers and purchasers who are active in the U.S. military or Illinois National Guard also are being offered, Sherwin said.

"These spacious homes were designed to provide a high quality of life for their owners," noted Colon. "Each condo features a private balcony with park view, a great room and open kitchen, in-unit laundry room, indoor heated garage plus additional private outdoor parking."

Wolf Ridge Condominiums is perfectly located for getting around the Chicagoland area since it is just blocks from the interchange of Interstates 294 and 290. O'Hare International Airport is within a convenient distance, and downtown Chicago is just 14 miles straight east.

A new-style drive-through Seattle's Best Coffee recently opened on North Avenue adjacent to Wal-Mart. The glass-walled shop features a gray interior and large menu board with both food and drinks including a wide assortment of espresso beverages and iced coffee. The Northlake location is a prototype for a new chain of Seattle's Best Coffee shops nationwide.

"Wolf Ridge Condominiums is attracting many buyers who work, rent an apartment or own a home in Northlake or the nearby suburbs of Melrose Park, Franklin Park, Elmhurst and Bensenville," Colon said.

Major area employers include UPS, Navistar, Sun Chemical, American Bottling, United Airlines, and Kindred Hospital in Northlake, Gottlieb Memorial Hospital and Westlake Hospital in Melrose Park.

The current mix of available residences in Phase II and III are: three 1-bedroom, 1-bath units; four 2-bedroom 1-bath units; 12 two-bedroom 2-bath layouts, and three 3-bedroom, 2-bath layouts.

Purchasers may choose from nine spacious condominium floor plans at Wolf Ridge, and tour six models currently on display.

The Leyden model, a 2-bedroom, 1-bath condominium

with 1,181 square feet of living area, is base priced at $169,900.

The Leyden model features an open 12-by-12-foot kitchen with an L-shaped work area and a 19-by-15-foot great room. Sliding glass doors open to an adjoining balcony (6 by 15 feet).

The split floor plan aligns the bedrooms on either side of the great room. The master bedroom (14 by 11 feet) has a walk-in closet and master bath with vanity and tub. The second bedroom measures 13 by 10 feet. The laundry room, utility room and guest closet are to the left of the entry.

Each condominium home at Wolf Ridge features a private balcony, designer kitchen with room for a table and a standard black or white appliance package-including refrigerator, oven/range, microwave, dishwasher, double-bowl stainless-steel sink and laminate counter-tops.

Some upgraded units feature stainless-steel appliances and granite counter tops, and one unit features a ventless gas fireplace in the great room.

Wall-to-wall carpeting is standard in main living areas and bedrooms.

Kitchens and baths feature ceramic tile. In-unit laundry with washer and dryer hookups and laundry tub is standard. Each unit has individually controlled heating and central air conditioning and radiant heating in the floor.

Development amenities include a decorated lobby with two elevators, intercom system, indoor heated parking, individual private storage lockers, and a fire sprinkler system throughout the building, radiant heat snow-melt at entryways and garage entrances and solid reinforced brick construction.

Wolf Ridge features ample free guest parking. The development overlooks a park and features elegantly landscaped grounds.

Millennium Park and Community Center are located a few blocks from Wolf Ridge Condominiums. The newly constructed park includes playground equipment, a volleyball court and a splash fountain.

The Northlake Public Library is to the north of the development along with a quiet residential neighborhood. Just north on Wolf Road is the Center Point Recreation and Preserve, which features walking trails and a picturesque meandering stream.

To the south of Wolf Ridge is the local business district, with restaurants, shops and services. The City of Northlake, on the border of Cook and DuPage counties, has a population of 12,000.

The Wolf Ridge Condominiums sales center and models at 77 N. Wolf Road in Northlake are open Tuesday and Thursday from 10 a.m. to 3 p.m., on Saturday and Sunday from 10 a.m. to 4 p.m. and by appointment on Monday, Wednesday and Friday. For more information, please call 708-492-1010, or visit www.wolfridgecondominiums.com.