It's been a long, slow crawl to the finish line for Avenue East, but this might be just the thing to get it over the edge. The location, just off Michigan Avenue and next to the InterContinental Hotel, is tough to beat, but the building never generated much excitement among buyers. Two developer units in the same tier are currently listed, and their prices have taken a big hit from 2007 levels. The first, which is located on the 10th floor, has been reduced from $904,900 to its current listing price of $579,000, according to Crib Chatter. The other unit is on the 19th floor, and it served as a furnished model in the sales center. That one is priced a bit higher, at $619,000, because it comes with some upgrades. Both condos have 2BD, 2.5BA and 1,716 square feet of floor space.
·Developer Slashes Prices on Larger 2-Bedrooms in Avenue East [Crib Chatter]
·160 E ILLINOIS St #1908 [Redfin]
·160 E ILLINOIS St #1008 [Redfin]