Prices slashed at Park Monroe

Park Monroe, 55 E Monroe St, Chicago

Through the rest of this year, buyers can get a one- or two-bedroom home at the Park Monroe, 55 E Monroe St (the converted office tower in the center of the picture at right), for as much 25 percent off the most recent list price.

According to a new entry page on the development’s Web site, 11 condos have seen reductions of $80,400 to $300,000. Four west-facing one-bedrooms with 928 to 1,043 square feet that had been listed in the $390s to $510s are now priced from the $290s to $390s. Seven two-bedrooms with 1,236 to 2,005 square feet a mix of city and lake views dropped from a range of the $570s to $1.3 million to the $490s to $1 million.

All of the homes are ready for occupancy.

Earlier this year, homes at the Park Monroe ranged from the $440s for a west-facing one-bedroom / one-bath up to $2.85 million for a four-bedroom / four-bath penthouse with northern and eastern views, with monthly assessments coming out to $378 to $1,877 per plan.

The Park Monroe, 55 E Monroe St, Chicago The Park Monroe, 55 E Monroe St, Chicago

The Park Monroe, 55 E Monroe St, Chicago The Park Monroe, 55 E Monroe St, Chicago

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