Flipper Alert: Flippers Trying to Sell at 1400 S. Michigan
Michigan Avenue Tower II at 1400 S. Michigan in the South Loop was one of the buildings I inadvertently left off of the “list” of condo buildings that will be closing in 2008.
It’s not scheduled to close until Fall 2008, but already some anxious flippers are trying to sell. This flipper posted on Craigslist under the title: “$330000 Luxurious Preconstruction 1 bed condo with Amazing Lakeviews”:
1 bed/1 bath Premium high floor unit in luxurious Michigan Ave Condo Tower 2. Unobstructed Lake Views in South Loop, with floor to (9ft) ceiling glass windows. Cherry cabinets, 1 ¼ English granite, under mount sink, SS appliances, upgraded hardwood floors, stone tiled bathroom, maple cabinets in bathroom, glass door enclosed shower, Grohe faucets throughout, Storage locker included.
Heated Garage Parking on low floor 35g extra.
Delivery Fall ’08.
The unit is 751 square feet.
You can still buy one of these from the developer on the 22nd floor for $345,900 including the parking. Maybe the view is facing west (to account for the cheaper price.)
The website says that the building is 87% sold.
Michigan Avenue Tower II at 1400 S. Michigan [website]
Same developer who did the Metropolis. I know someone who bought there…
The unit you quoted is West facing, the east facing units are priced at 384-399g including parking.
Thanks PA. I figured it was probably west facing.
$400,000 for a 751 square foot one bedroom in the South Loop?
2008 is going to be very interesting indeed.