235 Van Buren launches rent-to-own in the Loop program

235 Van Buren, a striking new Ralph Johnson-designed 46-story condominium in the Loop, is launching a rent-to-own program on selected units.

One-bedrooms will start at just over $1,500 per month and 2-bedroom, 2-bath units at around $2,000 a month. Heat, air-conditioning and gas are included in the rent.

Renters who execute an option to purchase by the end of their 12-month lease will have up to 30% of their rent, not to exceed 3% of their purchase price, credited toward closing costs.

“It’s a great opportunity for people who just need a little more time to save, or fix their credit, or just see if they like living in the Loop,” noted CMK Realty’s January Sambell.

235 Van Buren is positioned as a low-amenity building to keep costs low for owners and renters who don’t value the common-area amenities, or would prefer to join one of the full-service health clubs within a few blocks. That strategy enables renters to move into a 2-bedroom, 2-bath unit for less than renting a 1-bedroom in some high-amenity Loop buildings.

235 Van Buren doesn’t skimp, however, on building services or in-unit amenities. Residents enjoy 24-hour door staff, on-site management, multiple bicycle storage rooms, I-GO car service, secured-entry parking and a new convenience store (video above), the second location of the popular South Loop Market. The new Wacker Gateway Park adjacent to the building is nearing completion.

The units have high-style finishes, in-unit washers and dryers, office nooks, private balconies, 10-foot ceilings and expansive views.

235 Van Buren provides residents a walk-to-work location, and extremely convenient access to Chicago’s public transit and expressway grids.

Meet some of the buyers at 235 Van Buren in this series of videos, and tour the models at a YouTube playlist.

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