RIVER NORTH REAL ESTATE| SILVER TOWER| 303 W OHIO| RIVER NORTH CONDOS| SILVER TOWER CONDOS
Located at the intersection of Ohio and Franklin, the Chicago River North Condos at Silver Tower located at 303 W Ohio is the topic of todays River North Real Estate post! Let me start off by saying that if you were one of the original buyers who bought one of these River North Condos back in 2009 when they started selling them, I give you my heart felt condolences and you should fire realtor!
After @properties lost the exclusive listing to Silver Tower and the building went into foreclosure, the new real estate firm who got the exclusive listing to Silver Tower decided to slash the properties about $100,000 to stimulate selling some of these units in order to help to developer pay back its construction loan to Bank of America.
In 2010, Bank of America filed a $40 million foreclosure suit against the developer of Silver Tower. Silver Tower is the biggest completed downtown project to be hit with a foreclosure. Im sure we will see others that fall victim.
Silver Tower Condos
Built 2009
Total Number of Units: 233
Total Number of Stories: 39
Full Service Building: 24hr Doorman, 24hr Workout Room, On Site Maintenance/Engineer, Storage, Garbage and Snow Removal
1bed/1bath layout
1bed/1bath+den layout
2bed/2bath layout
2bed/2bath+den layout
3bed/2.1bath layout
Monthly Assessments range from $275-$700
Assessments include: Water, Doorman, Gym, Garbage and Snow Removal
The location of Silver Tower is a bit too congested for my personal taste, but it is a nice overall River North location. I prefer the Kingsbury-Ontario corridor any day over Silver Towers location.
Currently there are 19 River North Condos For Sale left at Silver Tower.. The layouts aren't the best I have ever seen but they arent the worse either. Several layouts are a bit on the small side but the finishes are decent. Besides the slashed listing prices, the developer is also offering FREE INDOOR PARKING with your purchase of a condo unit!
River North Real Estate Data
Silver Tower| 303 W Ohio
(As of AUGUST 2011)
Current Number Of River North Condos For Sale at Silver Tower: 19
Prices Range From $239,000 -- $625,000
Number of River North Condos SOLD at Silver Tower In Last 3 Months: 9
Prices Ranged From: $254,000 -- $590,000
Jim Kontos
President-Broker-River North Real Estate Expert-River North Realtor
RE/MAX 1st Class
RE/MAX River North
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com
There are several River North Realtors out there to choose from, but only a handful of these Chicago River North Realtors can get you the results I can get you!
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