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.

Technorati Tags: , ,

Share and Enjoy:These icons link to social bookmarking sites where readers can share and discover new web pages.
  • digg
  • NewsVine
  • Simpy
  • YahooMyWeb

Comments are closed.