chicago-condos & Chicago Real Estate pcherry on 16 Aug 2010 04:24 pm

Up To $5,000 Back At Closing At Library Tower

August 16, 2010 - “Buy Lennar, buy now.” That is the latest sales pitch that the Chicago real estate developer is using to advertise price cuts at Library Tower. Lennar had been offering a free washer and dryer plus some cash back at closing for a limited time, with the sale ending in late July. But even though they’ve pulled the plug on the washer and dryer, buyers can still get cash in on their current incentives.

Right now buyers can get either 4.25% (4.87% APR) financing through Lennar’s prefered lender, Universal Mortgage Company or closing costs included up to $5,000. Library Tower, located on 520 South State Street, is also FHA approved, so keep that in mind as well.

There are only a limited number of Chicago condos left for sale from the developer at Library Tower. Prices on the remaining one bedroom condos start at $259,990. There were only three of the one bedroom units available. The two units left with two bedrooms start at $339,990. The last three bedroom condos are priced from $499,990.

Common building amenities at the 18 story tower include a 24 hour doorman, rooftop sun deck, fitness center, party room, theater room, business center, bike storage room and private resident park.

Buyers in the market for Chicago condos should check the Chicago real estate listings daily for updates about price reductions and developer incentives.

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