The window of opportunity at 1345 Wabash condos

The construction elevator will be coming down soon and all of the windows will be in place at 1345 Wabash, the first new condo high-rise built in downtown Chicago in years.

The closing-in of the building signals a closing window of opportunity for home buyers to lock in the most desirable units at currently attractive interest rates and pre-completion prices.

1345 residents will enjoy the ability to individualize their home and make it truly commensurate with their personal style at a pre-tax cost that’s less than monthly rents in the neighborhood.

Buyers at 1345 Wabash can currently lock in 30-year fixed-rate financing at a 4.25% with a 10% down payment and lender-paid PMI (Private Mortgage Insurance).

Unit 405, a new 1-bedroom at 1345 Wabash can be purchased for $228,900. With 10% down, the principal and interest payment would be $1,013. The monthly assessment on the unit is $243 and real estate taxes and homeowners’ insurance are estimated at $286 and $20 a month, respectively. The total monthly cost of ownership is $1,562 before tax savings.

One-bedroom units start at $228,900 and 2-bedrooms at $290,900. Visit the sales and design center at 1620 S Michigan or the 1345 Wabash website for further information.

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