Back in March we reported on the sizzling sales at Silver Tower, 303 W Ohio in River North. Units were going under contract quickly at asking prices slightly above the price at which they’d been purchased.
Several units currently on the market at Silver Tower are seeking to sell well above their purchase price from just two years ago.
Unit 3003 sold for $400,000 in June of 2011 with a deeded parking space included in the price. The 2-bedroom, 2-bath unit was just listed for sale for $520,000 plus $25,000 for the parking space.
Unit 3405, also a 2-bedroom, 2-bath, was purchased for $282,500 with parking in October of 2011. It’s in contingent status after a few weeks on the market and a price reduction to $374,900 plus $30K for the parking.
Unit 1409, a 1-bedroom, is asking $325,000 with parking. The purchase price in April of 2011 was $219,900.