June 7, 2010 – Prices at Silver Tower have been reduced ever since news of the foreclosure suit against the Chicago real estate development was made public back in late March. There hasn’t been any word either about how many new sales the lower prices have generated, but there had been around 145 of the 220 units still available at the 38 story high-rise.

The one bedroom, one bath Chicago condos that were priced from $301,900 are now $230,256. Old prices on the one bedroom, one to two bath plus den units were listed from $365,000 but are now advertised from $270,000. The two bedroom, two bath condos were $433,900 but have been lowered to $352,000. And the larger three bedroom, 2.5 bath units that were listed from $799,000 are now being marketed from $626,928.

The price sheet listed on the development’s site is as follows:

1 BR/1 Bath with 829 sq ft was $290,000-$380,000 now $254,000-$284,000.
3 BR/2.1 Bath with 1,793-1,810 sq ft was $799,000 now $622,000-$685,000.
1 BR + Den/1 Bath with 947 sq ft was $350,000-$450,000 now $270,000-$333,000.
2 BR/2 Bath with 1,138 sq ft was $400,000-$535,000 now $389,000-$413,000.
1 BR/1 Bath with 728 sq ft was $300,000-$352,000 now $255,000-$260,000 (only 2 left).
1 BR/1 Bath with 785 sq ft was $344,000 now $230,000.
1 BR + Den/2 Bath with 930 sq ft was $350,000-$440,000 now $279,000-$304,000
2 BR/2 Bath with 1,080 sq ft was $375,000-$505,000 now $352,000 -$373,000.
2 BR + Den/2 Bath with1,190 sq ft was $415,000-$605,000 now $402,000-$465,000.
1 BR/1 Bath with 783 sq ft was $280,000-$352,000 now $240,000 - $255,000.
1 BR/1 Bath with 813 sq ft was $293,000-$372,000 now $245,000- $265,000.

If you don’t find what you want at Silver Tower, there are lots of other Chicago condos for sale with reduced prices.

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