chicago-condos & Chicago Real Estate pcherry on 19 May 2010 11:14 pm

Prices Cut 40% On All Condos At 200 North Dearborn

May 19, 2010 - Not too long ago Chicago real estate developer American Invsco cut prices over 50% on forty Chicago condos at 200 North Dearborn until the end of April and the first-time homebuyer tax credit deadline. With that date long since passed, you can probably guess that the developer extended the discount. From now until July 19th all of the condos left for sale in the tower are marked 40% off previous list prices.

Another perk is that this high-rise has been approved by the FHA. Buyers who qualify for the low 3.5% down payment can expect to pay anywhere from $7,000 to $14,000 on units that are priced from the $200,000s to the $400,000s.

Studios and convertibles that measure from 570 square feet to 885 square feet were priced from $250,700 to $359,100 and are now listed from $150,420 to $215,460.

The remaining one bedroom condos with from 590 square feet to 885 square feet are now priced from $189,399 to $248,940 which is down from the old prices of $327,700 to $464,000.

The two bedroom condos still left for sale from the developer at 200 North Dearborn size up from 1,160 square feet to 1,205 square feet. These units had been priced from $471,100 to $779,800 but have been reduced to $222,815 to $467,880.

The units come with basic finishes like an appliance package, oak cabinets, ceramic bath, floor-to-ceiling windows, carpeting and walk-in closets. Upgrades are available. Building amenities at this tower a sun deck, fitness center, swimming pool, bike room, laundry room, resident storage and 24 hour doorman.

You may want to check out the renovated condos at 200 North Dearborn. Or if you like exposed concrete and timbers there are plenty of renovated and new Chicago lofts for sale.

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