chicago-condos & Chicago Real Estate pcherry on 24 Sep 2009 06:26 pm

Park Monroe Offering Six-Figure Price Reductions

September 24, 2009 - Less than a dozen developer units are left for sale at the Park Monroe on 55 East Monroe Street. The prices on those final eleven condos have been reduced by quite a bit, so if you’re interested in a unit in this near-historic tower, you may want to act now. According to the ad on this Chicago real estate development’s site, the new prices are in effect until the end of this year.

There are about three one bedroom, one bath condos that have been lowered to $299,500. That’s down $100,400 from the previous price. A one bedroom, 1.5 bath unit that had been priced at $519,900 can now be bought for $399,500. There are five two bedroom, two bath condos that were listed between $729,900 and $999,900 which are now listed between $599,500 and $849,500. A larger two bedroom, two bath plus den is now priced at $499,500, down from $579,900. And finally, a two bedroom, 2.5 bath plus den condo is selling for $1 million, reduced from its previous price of $1.3 million.

The conversion process at the Park Monroe included adding hardwood flooring through the rooms plus European cabinets, granite counter tops and stainless steel appliances to the kitchens. Large windows, washer and dryer hook-up, luxury baths, Wi-Fi access, resident storage and individual heating and cooling controls are standard.

The high-rise sports the Park Monroe Club on the top of the building, complete with professionally landscaping. The tower also has a fitness center, pool, spa, sun deck, party room with attached kitchen and movie room.

With mark-downs of as much as $300,000 on these Park Monroe units, you may be hard pressed to find a deeper discount right now on Chicago Condos for Sale.

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