March 24, 2008 - With construction on Emerald close to being complete, the first closings should start to take place soon. The two buildings that make up the 125 South Green Street development are basically topped out, and Crib Chatter spotted what is evidentially the first flip for Emerald. A one bedroom plus den condo located on the fifth floor is being listed for sale on Craigslist and the seller says that occupancy for this unit is possible in May.

There are 212 total units, and the developer is still marketing some. The asking price for this first flip is $385,000. The ad mentions a heated indoor parking space but doesn’t state if it‘s included in the price. The developer was throwing in free parking with new contracts, but the offer on the building website stipulates it was good only through March 2nd.

The ad lists the condo as having 900 square feet, a balcony, stainless steel appliances as well as counter tops, bamboo cabinets, “unique” flooring, “huge” marble bath with separate walk-in shower, garden tub, LCD television and double vanity.

There was also what seems to be the first unit listed for rent in Emerald. It’s an 800 square foot one bedroom, one bath condo for $1,400 a month. It states that utilities are included and mentions a parking space but doesn’t specifically say it’s included. This condo will be available a little sooner, with April move in possible.

Emerald is a green building, and that coupled with the West Loop/Greektown location close to Restaurant Row makes it an appealing piece of Chicago real state to younger buyers. If you were an investor who bought in hopes of turning a profit, these points should help Sell your Chicago Condo.

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This entry was posted on Tuesday, March 25th, 2008 at 12:41 pm and is filed under Luxury Condos(t) , News(t) . You can leave a response.