March 9, 2010 - For those of you planning on attending the Prairie Pointe condo auction this Sunday, we have some more details about the units going up for bid. Remember that the auction event is being conducted by Inland Real Estate Auction on Sunday, March 14th at the Chicago Hilton on 720 South Michigan Avenue with registration at 1PM and bidding at 2PM.
Open house dates are tomorrow, March 10th from 5:30PM to 8PM and Saturday, March 13th from 12PM to 3PM.
Two 994 square foot one bedroom, 1.5 bath condos on floor 20 and 21 are going up for auction with minimum bids of $189,000 each.
On floors 17, 20 and 21 are three one bedroom, 1.5 units with 997 square feet of living space. Minimum bids for those are also $189,000 each.
Floors 11 and 20 have two one bedroom, 1.5 condos with 1,111 square feet that are up for bid for a minimum of $211,000 each.
There are two one bedroom, two bath units on floor 11 and 12 that size up at 1,443 square feet. The minimum bid for each of those is set at $295,000.
If you’re interested in more bedrooms, there are three two bedroom, two bath condos on floors 12, 17 and 21 with 1,274 square feet. The minimum bid for each of these is $267,500.
And for the top floor unfinished penthouse with three bedrooms, three baths, 2,800 square feet and a huge 900 square foot terrace you’ll have to start your bidding at $895,000.
Only the penthouse condo has a reserve price. The other units don’t. You must be able to close by April 30th.
Sometimes you can get Chicago condos at a reduced price at auction, but don’t get so caught up in the bidding that you end up paying more than you expected.
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