January 10, 2009 - With residents now moving into the nearly completed R+D659, Chicago real estate developer Mesirow Financial is still offering the 1.5% below market rate discount on 30 year fixed-rate mortgages if a buyer locks in with the preferred lender. First deliveries on the 237 Chicago condos in this high-rise started last month (December) and all construction is expected to be finished in another couple of months.

According to a recent press release in the Tribune, Mesirow’s managing director was quoted as saying that, “R+D659’s exclusive rate adds up to the equivalent of two free payments a year for most of our buyers, and the larger your purchase, the larger your savings.” Some of the units in the building are also eligible for the Chicago Partnership for Affordable Neighborhoods, which combined with the mortgage rate lock could net some serious savings for potential buyers.

There are over 20 different floor plans for the units at R+D659, and the condos have from one to three bedrooms. Square footage runs from about 655 to 1,600 and prices on the remaining units range from the $200,000s to $700,000s. One of the unique features of R+D659 is that the design, according to developer claims in the article, lets natural light into 75% of the indoor spaces. That means no dark hallways or back bedrooms and more light also gives a more airy, spacious feel to a condo.

Two move-in ready units are profiled on the building website. Unit #1101 is a 1,147 square foot 2 bedroom, 2 bath listed for $445,000 plus parking. Features include “Java colored Bamboo floors and walnut cabinets with Absolute Black granite.”

Unit #703 is an 857 square foot 1 bedroom, 1 bath condo listed for $309,000 plus parking. The living room has four bays of windows and there is chocolate-colored glass mosaic back splash installed in the kitchen.

Be sure to check back with us often for the latest news on incentives for Chicago Condos.

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