Monthly ArchiveDecember 2010



chicago-condos & Chicago Real Estate pcherry on 18 Dec 2010

Make An Offer Sale At 200 North Dearborn

December 18, 2010 - Sometimes Chicago real estate developers get a little desperate to sell units at the end of the year. At 200 North Dearborn it’s not only end of the year sales jitters, it’s a need to sell enough Chicago condos by the end of 2010 to meet Fannie Mae pre-sale requirements.

American Invsco, the developer of 200 North Dearborn, is having a “Let’s Make A Deal” sale. The site states, “Name your price, bring your checkbook. We must accept 36 sales. Give us your best or worst offer. Better than foreclosures and short sales.”

According to a recent Sun Times article, Invsco Chairman Nicholas Gouletas stated that he has made seven cash sales in about a week since this promotion began. The article also states that just around half of the 309 condos in this tower have sold in teh three years that Invsco has been marketing them.

The promotion did have a deadline of December 14th. Mr. Gouletas told the Sun that, “If we have accepted 12 deals and need 24 more on Dec. 14, we will pick the next best offer we receive and start negotiating.” Since the sale has now been extended through January 31, of next year they must still need to ink some sales contracts to meet the Fannie Mae requirement.

If the condos at 200 North Dearborn aren’t exactly what you’re looking for, there are plenty of other downtown Chicago condos for sale at reduced prices.

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chicago-condos & Chicago Real Estate pcherry on 06 Dec 2010

Visit 565 Quincy And You Could Win A Bowling Party For 10

December 6, 2010 - 565 Quincy is probably best known for its Q Room, the 11,000 square foot amenity level that has just about any type of recreation you’d expect at a Chicago real estate development and few that you might not. So if you like to bowl and you’ve ever thought about buying a Chicago condo there or at least touring a furnished model, it’s a great time to sign up for a tour. Developer Belgravia is holding a drawing for a free private bowling party for 10 people at the Q Room if you sign up to book a time to visit the models at 565 Quincy.

The Q Room has a two lane bowling alley of course, plus a putting green, billiard tables, movie theater, foosball tables, lounge and fitness center.

Condo and loft features include hardwood floors, stainless steel appliances, granite counter tops, marble baths and oversized windows. The price match guarantee is still good as well, with Belgravia promising to lower the purchase price of your condo if a similar one is sold in the building for a lower price within a set time frame of your purchase.

The developer is highlighting a few of the condos still available at 565 Quincy. Those are listed as follows.
Tower Unit #12 | 548 Sq Ft | Studio | 1 Bath | Available Now for $155,900
Tower Unit #14 | 700 Sq Ft | Studio | 1 Bath | Available Now for $192,900
Loft Unit #2 | 985 Sq Ft | 1 BR | 1.5 Baths | Available Now for $269,900 Includes Parking
Tower Unit #8 | 1,104 Sq Ft | 2 BR | 2 Baths | Available Now for $341,900 Includes Parking

You can also compare the units at 565 Quincy with other Chicago Lofts that are currently for sale.

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