Category: Trump International Hotel & Tower

At this 55th-floor condo, the view trumps everything

The vistas from a unit with a 90-foot span of floor-to-ceiling windows in Trump Tower convinced a Glen Ellyn couple to move downtown. Now they’re off to Florida, and it’s soon for sale at $2.99 million. Take a photo tour.

n the kitchen, the Spanglers added some cabinets and replaced out-of-date dark granite countertops with a lighter cream version. They bought the condominium in 2010 for $2.3 million, and spent an additional amount afterward on improvements such as these in the kitchen, the tile wall, and others. They declined to say what their total investment in the property is.

n the kitchen, the Spanglers added some cabinets and replaced out-of-date dark granite countertops with a lighter cream version. They bought the condominium in 2010 for $2.3 million, and spent an additional amount afterward on improvements such as these in the kitchen, the tile wall, and others. They declined to say what their total investment in the property is.

 

There’s another fireplace in the master bedroom, set into the tile-lined wall at left. “Before the sun comes up in the morning, it’s nice to turn on the fireplace and sit and look out the windows,” Ed Spangler said. The tile here is a light green, selected to match green frosted glass doors in the adjacent master bath.

There’s another fireplace in the master bedroom, set into the tile-lined wall at left. “Before the sun comes up in the morning, it’s nice to turn on the fireplace and sit and look out the windows,” Ed Spangler said. The tile here is a light green, selected to match green frosted glass doors in the adjacent master bath.

 

Other than new lighter countertops and a television, the master bath is largely as the developers built it, in a neutral look that matches their later design of the rest of the condo.

Other than new lighter countertops and a television, the master bath is largely as the developers built it, in a neutral look that matches their later design of the rest of the condo.

 

There are two more bedrooms in the condo, this one used as an office.

There are two more bedrooms in the condo, this one used as an office.

 

#11_28

The view, ever-changing with the season and the time of day, is the main event at this condo. Because of the building’s fortuitous siting at a prominent bend in the river, from inside some condos it looks as if the tower was built over the river itself. From the Spanglers’ unit, the view encompasses everything from Cloud Gate, aka The Bean, out to O’Hare, Glenda Spangler said. They plan to divide their time between Florida and California, two beautiful parts of the world, but “there’s nothing like this” in either place, she said.

Is now the time to buy in Trump Chicago?

I have been blogging about Trump Chicago for a while now and have always said that many great deals could be had, but I have never called a bottom. Never once I did I say you MUST buy now. Never once did I say the opportunities are going away. Well folks…I am going to start changing my tune.

Over the past few weeks I have had conversations with several different people looking in Trump who wish to combine units. I have rented several units to clients who have expressed interest in soon making offers. We have clients now going directly to Trump to look at inventory that is not on the resale market. We have clients who are now starting to pay a premium to get a view because the owners know they can ask for it, they are the only ones on the market.

If you have been on the sidelines waiting to buy in Trump I recommend you start looking NOW. Prices are not going up and the building still has some time before that happens, however, inventory is shrinking and if you are looking for the PERFECT unit I suggest you start looking to buy soon because you want your options to be open. You do not want to buy into the building after the market has started going up because chances are you will not get a GREAT deal, only a good one.

Trump Chicago Hotel Condo SHORT SALE

So we’ve been waiting for this to happen, Short Sales in Trump on the Condo Hotel Side. We’ve had one listed for a little while, however, the pricing has finally hit new lows. While I am proud to represent this listing with Crown Heights Realty, the pricing shows what has happened to the condo hotel market not only in Chicago, but throughout the country.

401 N. Wabash Unit 2018 is our listing. It is a Studio Hotel Room with 604 SF priced at $350,770 which is an incredible value in comparison with what they were selling for over the past few years!

If you are looking for a great deal on a Hotel Condo in Chicago then this is it! The problem? You cannot finance it. It does not matter what your credit score is, what you do for a living, or if you are the almighty himself, you will not be able to obtain financing. Condo-Hotel are considered a Quasi-Commercial loan and banks simply do not want to take the risk on these types of loan products at the current time. So you MUST be a CASH buyer for 2018.

2018 is also a short sale so you will have to wait a little while for bank response. However, it very possibly could be worth the wait. Please contact me to schedule a showing.

Trump 2018