April 28, 2009 – More Chicago real estate developers are warming up to the idea of renting unsold units rather than letting them sit empty, generating no income. The latest to join the ranks of the rentals is The Marquee, the new construction 25 story tower located on 1464 South Michigan Avenue. Developer Sedgwick Properties is now renting some of the Chicago condos at the Marquee. You can of course find several of the units for rent from investors, but a pretty diverse selection is listed on a Koenig & Strey GMAC Real Estate site devoted to the Marquee rentals.

The prices, sizes and floor locating are pretty varied on the rentals. Everything from a one bedroom condo to a three bedroom penthouse is on the table, with monthly rents running anywhere from around $1,495 to $4,695. Parking is an additional $195 per month. You won’t be hit with a security deposit, but you will have to pay what they are calling a $500 move-in fee plus another $250 if you have a pet. Gas is also included in the rental fee.

Finishes on the condos include stainless steel kitchen appliances and wood cabinetry and hardwood flooring. The units have private terraces and a laundry. Building amenities include a theater room, fitness room, bike storage, doorman and dog run.

Units currently listed for rent by the developer are as follows.
601 is a two bedroom / two bath for $2,825 per month.
1306 is a one bedroom / one bath for $1,495 per month.
1202 is a two bedroom / two bath for $2,250 per month.
1003 is a two bedroom / two bath for $2,200 per month.
1704 is a three bedroom / two bath for $2,995 per month.
2405 is a three bedroom / 2.5 bath for $4,695 per month.
2407 is a three bedroom / 2.5 bath for $3,995 per month.
611 is a one bedroom / 1.5 bath for $1,495 per month.
1508 is a one bedroom / one bath for $1,550 per month.
1805 is a two bedroom / two bath for $1,750 per month.
2002 is a two bedroom / two bath for $2,450 per month.
2004 is a three bedroom / two bath for $3,195 per month.
1607 is a two bedroom / two bath for $1,850 per month.

And remember there are many more Rent to own condos in Chicago if the Marquee doesn’t fit your needs.

[tags]Marquee Michigan Avenue, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Tuesday, April 28th, 2009 at 4:52 pm and is filed under Mortgage Information.