chicago-condos pcherry on 26 Nov 2008 01:09 pm

Price Reductions at The Marquee and 1720 S Michigan

November 26, 2008 - A couple more Chicago condo developments are lowering prices on their remaining units. There are about two dozen units Sedgwick Properties is trying to sell out in The Marquee and if you didn’t get in on the live for free all summer offer, you can take them up on their guarantee of appreciation offer. It basically amounts to a 3% discount off the list price of the unsold condos in the 25 story high-rise. There are a total of 208 units in the tower and the ones that are available vary from one bed and bath condos to three bed and bath units. The bulk of the condos up for sale are mostly two bedroom, two bath residences though.

The one bedroom units start in the mid $200,000s and the two bedroom condos run from the mid $300,000s. The bigger three bedroom units that are left can run as much as the mid $900,000s.

Another Chicago real estate development that has cut prices is 1720 South Michigan. Developer CMK has dropped prices on their remaining units in the 33 story tower, possibly to compete with flippers. The 498 condos are almost sold out, but you can find a one bedroom unit here for as little as $199,000. They go up to the mid $200,000s, and you can also pick up a two bedroom, one bath condo for the mid to upper $200,000s to low $300,000s.

We’ll keep you posted on all of the latest new about price reductions, auctions and incentives for Condos In Chicago. The deals may keep coming as developers try to clear out inventory before the year is over.

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