American Invsco is sitting on a lot of stock at 200 N Dearborn St, but at least one type of home in the 47-story conversion is in short supply.
Only one of the tower’s six 570 square-foot studios (seen below) is still for sale, according to agent Janet Seehausen. The unit, priced in the $250s, has a 14-8″ x 16-7″ living area, a 7-3″ x 10-8″ kitchen, three wall closets and a balcony.
Like all of the homes at 200 North Dearborn, the studio is selling “as is,” although “classic” and “elite” upgrade packages are available. Units that aren’t upgraded are still “restored” with new paint, new or cleaned carpet, and good appliances, Seehausen says.
Buyers looking for a home in mid-$200s can find larger, new-construction units in the West Loop and South Loop. As we’ve seen from past marketing efforts, Invsco has pushed the “location” angle in hopes of attracting buyers who simply need a place to crash during weekend trips to the theater or Michigan Avenue.
The rest of 200 North Dearborn’s available units include:
- Convertibles (studio-sized units with bedrooms and kitchens set out from the main living area) priced from the $270s to the $280s
- one-bedroom / one-baths priced from the $300s to the $450s
- Two-bedroom / one-baths priced from the $440s to the $450s
- Two-bedroom / two-baths priced from the $460s to the $550s
Along with one of Invsco’s usual incentives – 24 months of paid assessments and taxes – buyers will get a total of 12 percent off the list prices of their homes, Seehausen says. Garage parking, which has sold for as much as $48,000 per space, is also available to buyers of one- and two-bedroom units at $5,000 per space.
Amenities in the tower include an indoor pool, exercise room, party room and sundeck, and access to the downtown pedway system.
– Rate and review 200 North Dearborn at NewHomeNotebook.com.