Just a couple months after begging buyers to “give us your worst offer” for a 200 North Dearborn condo, American Invsco has cut prices on dozens of units by 40% to 56%, in order to meet new Fannie Mae pre-sale requirements.
Studios once priced in the $280s and $290s are now priced from the $120s to $160s. One-bedrooms once priced from the $330s to $460s are now priced from the $170s to $240s, and two-bedrooms once priced from the $470s to $570s are now priced from the $220s to $330s.
Cash buyers get an additional 5% off.
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