chicago-condos & Chicago Real Estate & Chicago Homes pcherry on 23 Aug 2010 10:37 pm

Lake Park Crescent Prices Still Slashed

August 23, 2010 - Once again Chcago real estate developer Draper & Kramer are advertising the recent price cuts that they implemented on the last unsold Chicago condos at Lake Park Crescent. A Tribune profile states that the reductions at this Chicago real estate development reach as high as 40% off original list prices.

The sales manager for Lake Park Crescent is Robbi Davis who was quoted in the article as saying that, “You can now buy a three-bedroom CityHome for as little as $289,800, down from up to $498,000.”

There are 68 total Chicago condos and row homes at this development which is located on 4060 South Oakenwalk Avenue. Prices on the remaining unsold two and three bedroom with den residences are now listed from $369,800. The previous prices were as high as $613,000. These units also come with a sky terrace that is almost 400 square feet. There are only two one bedroom condos left and those are priced from $169,800.

The remaining four bedroom row homes come with a family room and are priced from $479,800 which is considerably less than the old price of about $786,000.

Parking is included with most units. Condos get one indoor space and outdoor space with the row homes come with a two car garage. All of the units also have either a deck, terrace or private yard.

If you qualify for an FHA mortgage, your down payment could be as low as $1,000 because of the Partnership for New Communities grant that is still available.

Unit features include granite counter tops and stainless steel appliances in the kitchens, hardwood floors in the common areas and carpeted bedrooms plus marble vanity tops and floors in the baths.

You can check out the Lake Park Crescent sales center on Mondays, Saturdays or Sundays from 12pm to 4pm. You might want to visit a few more sales centers at developments with new Chicago condos for sale just to compare perks and prices.

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