First Trump flip sells for $899,000

Click to enlargeSurprise! The flipping has begun at Trump International Hotel & Tower Chicago.

The Sun-Times reports that the owners of a 21st-story hotel condominium just sold their unit for $899,000 after initially seeking $1 million.

Trump has priced the 339 hotel units from the $580s to $3.5 million, with floor plans ranging from a 530-square-foot studio to a 2,245-square-foot, two-bedroom / two bath residence (seen at right).

No word on what type of hotel condo these flippers sold or how much they initially paid. About 75 percent of the tower’s residences (including those additional 486 luxury condos) had sold by late January. The building should top off in April 2009, according to the Sun-Times.

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