January 13, 2009 – With credit still tight and what buyers there are looking for the best deals on Chicago condos, we thought we’d take a look at another development that is part of the Find Your Place In Chicago program from The Partnership For New Communities. 235 W Van Buren, the 47 story high-rise from Chicago real estate developer CMK Companies, is eligible for a few incentives from the program. The tower is currently under construction in the Near West side, and at least for the moment is expected to start making first deliveries by mid-year.

The units that qualify for the grants are the one bedroom condos at 235 W Van Buren. The prices listed on the partnership website are $146,385 to $148,980. Harris Bank is offering the incentives detailed below.

A grant of $1,500 is available to assist in paying closing costs. If buyer’s credit score falls between 600 and 699 he or she is eligible for a 30 year fixed-rate mortgage and a 35 down payment. For a better credit score of at least 700 or above the buyer can get a 30 year fixed-rate mortgage and have no down payment. And if a buyer has a credit score of less than 600, then that makes them eligible for credit counseling and help with credit repair.

Some of the features and amenities at 235 W Van Buren include 10 foot ceilings, wall-to-wall carpeting in the bedrooms, wiring for high speed Internet and phones, ceramic tile flooring and marble vanity tops in the baths, ceramic tile tub/shower surround and frameless mirror, European-style kitchen with granite counter tops, stainless steel appliance package plus double bowl stainless steel sink. Hardwood flooring and designer lighting is installed in the living/dining rooms and the windows have Thermalpane glass. The building has a 24 hour doorman, dog run, bicycle storage rooms and garage parking plus state of the art security systems.

If you think you might need some professional help with your credit rating, be sure to read the information available about Chicago credit repair.

[tags]235 W Van Buren, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Tuesday, January 13th, 2009 at 4:26 pm and is filed under Uncategorized.