Avenue East Buyers Already Trying to Sell
Avenue East, the new condo building going up just east of the Mag Mile at 160 E. Illinois, has not yet begun its closings but already some buyers are trying to sell their new units.
The first re-sale that I know of has appeared on Craigslist. It is a split 2 bedroom, 2 bath of only 1100 square feet. They are asking $565,000 with $50,000 for parking and say it’s “below developer pricing”.
The same unit is also for sale two floors below for $571,220 so the ad is correct (that they are below the developer’s current price.)
The developer is still trying to unload 13 of the units before the closings begin in the next few months.