Monthly ArchiveApril 2011
April 28, 2011 - One of the newer rental Chicago real estate developments that still has apartments available is Flair Tower, located on 222 West Erie Street. The leasing office is open from 9am to 6pm on Monday through Friday, from 10am to 5pm on Saturdays and from 11am to 5pm on Sundays.
Apartment finishes and features include stainless steel appliances, granite counter tops, floor-to-ceiling windows, granite vanity tops, in-unit washer and dryer, walk-in closets, Grohe faucets and 12×12 inch porcilain kitchen and bath tile. Select and premium units have hardwood flooring, walk-in showers and double vanities. The penthouse units also come with a fireplace.
Building amenities include a 24 hour doorman, landscaped terrace with pool, spa, fireplace and grilling area, fitness center, business center, club room and billiard room with televisions and a bar, dog run, Wi-Fi access, a guest suite, concierge service and coffee service.
The layouts and leasing rates are listed below.
Convertibles / 595 sq ft / Starting at $1,660 per month.
1BR / 1 Bath / 700, 713 & 724 sq ft / Starting at $1,980 per month.
1BR / 1 Bath + Den / 870 & 938 sq ft / Starting at $2,340 per month.
2BR / 2 Bath / 1,080-1,120-1,195 & 1,223 sq ft / Starting at $2,970 per month.
1BR / 1,122 sq ft / Starting at $3,385 per month.
2BR + Den / 1,520 & 1,552 sq ft / Starting at $4,610 per month.
3BR / 1,717 & 1,779 sq ft / Starting at $5,385 per month.
Even with the demand for apartments still high, renters still have a good selection of Chicago apartments available and should shop around for the best deals.
April 27, 2011 - A couple of months ago we told you that Waterton Residential had purchased 124 unsold Chicago condos in the Mondial and intended to lease them. Then about two weeks ago we started to notice rates appearing on various Chicago apartment rental service sites. Now Waterton is advertising the condos for rent themselves in more detail, so we thought we’d pass along the information.
The 15 story Mondial is located on 910 West Huron Street and there is a good selection of studio to four bedroom units available for rent. The condos come with up to 12 foot ceilings, a balcony, hardwood floors, a washer and dryer, KitchenAid appliances, granite counter tops, double bowl stainless steel kitchen sinks, Grohe fixtures, large closets with shelving, floor-to-ceiling windows, steeping tub in the bath and marble or ceramic bath tile.
Waterton Residential’s rates for the Mondial are listed below.
Loft(Studio) / 676 to 688 sq ft / $1408 to $1,433 per month
1BR / 1 Bath / 668 to 906 sq ft / $1403 to $2,000 per month
1BR / 1 Bath + Den / 917 to 1,019 sq ft / $1,834 to $2,109 per month
2BR / 1 Bath / 1,010 sq ft / $2,071 to $2,101 per month
2BR / 2 Bath / 1,010 to 2,039 sq ft / $2,486 to $3,088 per month
3BR / 2 Bath / 1,637 sq ft / $3,274 to $3,294 per month
3BR / 3 Bath / 1,874 to 2,039 sq ft / $3,998 to $4,328 per month
3BR / 3.5 Bath / 3,099 sq ft / $10,000 per month
4BR / 3 Bath / 2,725 sq ft / $10,000 per month
More developers and investors are opting to offer Chicago condos for rent until the market improves enough to put them up for sale again. Just keep in mind that the switch to rental may only be temporary.
April 26, 2011 - EnV, the 29 story, 249 unit LEED certified apartment tower located at 161 West Kinzie Street is running some rent specials right now. The one bedroom apartments will have two months of free rent upfront upon signing a 12 month lease. The effective rents on one bedroom apartments, including the special incentive, start at $2,054 per month. The two bedroom apartments will start at $3,284 per month.
This rental Chicago real estate development still has quite a few apartments available. There are studios with from 470 to 632 square feet and one bedroom, one bath apartments with from 771 to 907 square feet. The one bedroom, one bath plus den units size up from 926 to 1,008 square feet and the two bedroom, two bath apartments range from 1,145 to 1,207 square feet.
Apartment finishes include floor-to-ceiling windows, 9 foot high ceilings, bamboo flooring, track and pendant lighting, a washer and dryer plus built-in desks and wine racks. The baths come with marble vanity tops and ceramic tile while the kitchens feature Whirlpool stainless steel appliances, wood cabinets, granite counter tops and an island.
EnV residents have plenty of building amenities. There is a 24 hour fitness center, pool with cabanas and lounges, grilling area, bar with catering kitchen, storage lockers and bike room, INternet lounge coffee and juice bar, media room, dog run, garden and fire pit area. The entire high-rise has Wi-Fi access as well.
With the so high demand for Chicago apartments we may not see as many rent concessions as usual, so if you’re interested in a particular apartment you may want to ask if any incentives are being offered.