The 309-unit Chicago condos located at 200 N Dearborn, in the city’s well-known Theatre District, are offered buyers a gift for the holidays. For a limited time, American Invsco provided sales incentives to those buying these downtown condos. The sale reduced the original prices as much as 51% and homebuyers paying in cash received an additional 10% off with closing costs covered. At the time of this writing, the 47-story building recently received 18 cash deals that closed in one month, most likely due to the added discount for cash purchases.
Here’s a look at some examples of this holiday pricing: Unit number 905, priced at $193,830. The 835-square-foot unit has one bedroom and was originally listed for $339,000. This sale price is without the additional cash discount. Another unit, number 1106, is a three-bedroom, 2,015-square foot condo with the sale price of $449,085. The unit was previously listed for $833,300.
Here’s a bit more general information about 200 N Dearborn… The building was originally constructed as Chicago apartments in 1989. Recently, the property was redeveloped and modernized into condos by American Invsco, which has developed 45,000 residential units all over the United States. The full-amenity building also houses 24,000 square feet of commercial space, including a 7-Evelen, food court, dry cleaners and Pedway system that connects to different points in downtown Chicago, making winter walks comfortable. Amenities in the building consist of a fitness center, party room, same-day maintenance service, laundry facilities, 24-hour doorman, an indoor swimming pool, a 3,200-square-foot landscaped terrace with barbecue facilities and five floors of indoor parking (residents must pay an additional fee for parking spots, though).
Upgrade packages are also included in deals for this downtown Chicago high-rise. The Majestic package incorporates new hardwood floors or marble entrance, stainless steel appliances in the kitchen, new cabinets, countertops made of granite, upgraded bathrooms, and new countertops and sinks.