chicago-condos & Chicago Real Estate pcherry on 28 Apr 2009 05:28 pm

First Deliveries Soon At 1555 Wabash

April 28, 2009 - It looks as though the next Chicago real estate development to start delivering condos will be 1555 Wabash. The latest news from the sales staff is that the first residents should be able to begin moving in sometime in the next week or two. You should also soon be able to check out a new furnished model in the building. The 14 story, 176 unit tower still has a decent selection of Chicago condos for sale, with prices currently running anywhere from the mid $200,000s to low $500,000s. And something first time buyers may be especially interested to know is that 1555 Wabash got FHA approval for some of its units.

This Chicago high-rise was also featured on Project Xtreme on the cable DIY Network for its topping out episode a few weeks ago. The added television exposure couldn’t have hurt sales, but the last sales figures released last fall put the building at just over 70% sold. That number may have gone up since then, but there are still plenty of units available if you’re interested in purchasing one.

The condos at 1555 Wabash range in size from about 767 to 1,250 square feet and come with one to three bedrooms (some with dens) and one to two baths. The largest unit, a penthouse with just slightly over 1,500 square feet, was priced in the low $600,000s. Parking is an additional $35,000. Finishes and interior details include floor to ceiling windows, hardwood flooring, carpeted bedrooms, kitchen island and stainless steel appliances, granite counter tops, marble vanity tops in the baths and soaker tubs.

1555 Wabash is on the shorter list of New Chicago Condos that will be making deliveries this year. With even fewer new units scheduled to hit the market next year, buyers could possibly start seeing a more limited selection of new construction condos.

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