chicago-condos & Chicago Real Estate pcherry on 27 Dec 2010 09:07 am

Streeter Place Refinanced, Offering Rent Specials

December 27, 2010 - With Chicago apartment rents on the rise and vacancy low, leasing is a big business right now. Chicago real estate developers have been switching projects over to rentals and scrapping maret rate Chicago condo plans. In a sign of investor confidence, one of the bigger rental towers in Streeterville was recently refinanced with an $87 million loan from Massachusetts Mutual Life Insurance Company, according to a Crain’s report.

Streeter Place, which is located on 355 East Ohio Street, has 480 apartments. Construction on the high-rise was finished in August of 2009 at a cost of $175 million, according to the article. Right now the apartments are about 95% leased.

There is a rent special going on right now at Streeter Place. If you sign a 12 month lease for any floor plan you can get one month’s free rent. A 12 month lease on select floor plans can get you one and a half month’s free rent. Monthly parking rates are also discounted right now and cost $125 per space. Utilities included in the rent are wireless Internet, basic cable, HBO and DVR, gas, water and AC.

Amenities at the resident’s Club 355 include a fitness center, spa, whirlpool, steam room and sauna, outdoor sundeck with pool and BBQ area. There is also a resident lounge with billiard tables, big screen TVs, MP3 system, wireless Internet and a business center.

Apartment finishes include floor-to-ceiling windows, granite counter tops, stainless steel appliances, maple cabinets, ceramic kitchen and bath tile, stackable washer and dryer and mini blinds on windows. There are also recessed balconies, walk-in closets, linen closets and guest closets in certain floor plans.

If Streeter Place isn’t exactly what you’re looking for, there are still lots of Chicago condos for rent right now.

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