Silver Tower, located on 303 West Ohio Street in River North, has been a hit with many buyers despite being slammed with a $40 million foreclosure suit in March of 2010. It earned the unfortunate title of being the largest Chicago real estate development to be hit with foreclosure up to that point in time.
Sales at the tower had hovered around 33% for months, but that financial situation triggered some major price reductions that brought in a landslide of buyers. Silver Tower has a total of 233 one to three bedroom condos and price were down in the $170,000s at one point last year. Prices on the remaining unsold units are now in the mid to upper $200,000 for one bedroom condos. The two bedroom condos are running from the mid $300,000s to low $400,000s and the three bedroom units are priced in the low to upper $500,000s.
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The Chicago condos at Silver Tower come with all of the high-end finishes you would expect in a quality home. There are floor-to-ceiling windows, oak hardwood floors, carpeted bedrooms, lots of closet space and pre-wiring is in place for phones, cable and Internet. Each condo has either a balcony or terrace.
Kitchens feature stainless steel appliances by KitchenAid, a double bowl stainless steel sink, Grohe faucets, granite counter tops, and cherry or maple custom cabinets. The baths have framed glass shower doors, a Toto fixtures, 12 inch marble floor tile and shower surround and marble vanity top.
Building amenities at Silver Tower include a 24 hour doorman, sky lobby with a community room and gathering area, fitness center and extra storage lockers for residents. The tower is also pet-friendly.
Silver Tower may be a great choice for buyers interested in purchasing an affordable condo in River North. Because the units in this tower are selling so fast, please contact us soon for updated information about pricing and available units.