March 8, 2010 - You may want to keep this coming Sunday, March 14th open on your calendar because there is aother Chicago real estate auction planned for that day. This time it will be 13 Chicago condos at the Prairie Point development in the South Loop. Prairie Point is located at 1600 South Prairie Avenue and Inland Real Estate Auctions is conducting the event, which will be held at the Chicago Hilton on 720 South Michigan Avenue. Registration starts at 1PM and the bidding begins at 2PM.
Of the 13 condos to be auctioned, 12 are already finished and are located from floor 11 to 21 in the 24 story building. The 13th condo is a top level unfinished penthouse unit. Prairie Pointe is a Gammonley Group development and made first deliveries about four year ago. Past prices on the condos there had ranged anywhere from $389,600 on up to as much as $1.82 million. At this auction, the lowest minimum bid is $189,000 so there could be some significant savings to be had.
According to a Tribune press release about the auction, the finished condos come with hardwood flooring, high-quality kitchen appliance package, granite counter tops and a fireplace. The building has a fitness center, jacuzzi, sundeck, business center, 24 hour doorman, valet and dog walk at a neighboring park.
The unfinished penthouse has plenty of space, measuring 2,800 square feet plus a 900 square foot terrace.
You can check out any of these condos at the remaining open houses dates of March 10th from 5:30PM to 8PM and March 13th from 12Pm to 3PM.
If you’re looking for bargains in Chicago real estate, condo auctions and Chicago foreclosures are a good place to start.
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