chicago-condos & Chicago Real Estate pcherry on 31 Jan 2011 03:19 pm

$5,000 Closing Cost Credit At 235 Van Buren

January 31, 2011 - Moving in the middle of winter doesn’t sound very appealing to many people, but if you purchase a Chicago condo now, by the time you close it will just about be spring. Chicago real estate developers will probably be rolling out their wagon load of incentives, and one project is already blazing a trail. At 235 Van Buren they are running a special buyer incentive for the next 20 buyers. If you’re one of those buyers, you can get up to $5,000 in closing cost credit and a year of free assessments. If you qualify, you can also lock in a 2.875% 5-year FHA ARM or 4.375% 30-year FHA Fixed Rate mortgage.

This promotion is only good for FHA approved units. Buyers also must be able to close on their unit by April 15th of this year (2011) and have the 3.5% down payment. If the unit you purchase is priced below $211,000 you won’t get the full $5,000 closing cost credit.

Condo interiors have custom lighting, hardwood flooring and are pre-wired for high-speed phone, Internet and cable television. The units have a washer and dryer plus wire shelving with vinyl covering in the closets. Kitchens come with the standard granite counter tops, stainless steel appliances, double bowl sink and pull-out spray. The baths have marble vanity tops, ceramic tile and an oversized mirror.

You can check out the 19 model units weekdays from 11am to 6pm and weekends from 12pm to 5pm.

The City Homes or one bedroom condos start at $146,900. The two bedroom, two bath units are priced from $269,900 and the penthouse condos run from $339,900.

You can find other affordable Chicago condos for sale by following the link.

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