Final Results of Michigan Avenue Tower II auction at the W Chicago – City Center (in the Loop)

According to developer Jacob Bletnitsky, the final tally for sales was 46 units.

The Michigan Avenue Tower II auction - was held yesterday afternoon at the W Chicago – City Center in the Loop.

Buyers packed one of the hotel’s event rooms starting at 1 p.m. to vie for 43 condos (three more were added) at the tower, located at 1400 S Michigan Ave.

The condos sold for more than many had expected — and the developer looked pretty happy when I was walking out...

The actual average based on this spreadsheet - was $276 per square foot, down 26 percent from an original average of $375 per square foot.

In all, sales surpassed $11.2 million.

If you are a home buyer or investor in the Chicago area - you can have the peace of mind in using our expert analysis (in auctions for example) and negotiation services - on all types of properties - bank owned foreclosures / short sales, for-sale-by-owners, new construction etc. I only work for buyers - never sellers (meaning - I am an "exclusive buyer agent"). As such - I am a specialist - not a generalist - and you can never get into the dual agency conflict of interest situations that you can get into - with a typical buyer agent.

I use my background in high-end corporate competitive intelligence to identify very flexible sellers - allowing you to get extremely good purchase prices on properties of your choice. I'm a "Certified Negotiation Expert" (CNE Designation) - and on the Board of Directors of the National Association of Exclusive Buyer Agents - www.naeba.org -- an organization that is the premier trade association in the USA for home buyer representation. Because I have over 20 years of high end negotiation experience, I have several thousand negotiation techniques at my disposal. I select the techniques that work best for a given situation. You can count on me to be fully on your side - telling you about the negatives of any given property - not "selling you" on a property. Market timing is not nearly as important as getting an amazing purchase price on a property -- which then makes timing irrelevant. Contact me using the information below to schedule an appointment for more information.

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As Exclusive Buyer Agents - we provide expert research and negotiation for home buyers and investors in the Chicago area. Unlike "buyer agents" - we are specialists, not generalists, and we are always 100% on the home buyer's side....

If you are thinking about buying / purchasing a home in the Chicago Illinois area, you should ensure that you have an agent that is on your side – looking out for your best interests.

Feel free to visit the Buyer Broker Chicagoland web site for more information.

Or call 847-566-7558 or Toll Free at 866-493-2842 or e-mail us to schedule a complimentary initial consultation – where we can determine if we can take you as a client.