There’s no denying that every home buyer out there loves a great deal, but when you’re looking for a new home or condo in Chicago when the market is as hot as it’s been throughout the past 12 to 18 months, finding that great deal isn’t always easy.
When buying a Chicago condo, having at least some leverage at the negotiating table of course works to your advantage, even in the hottest of markets. But in what’s undeniably a seller’s market, just how do you get the upper hand as a buyer? Well in downtown Chicago, one way is to specifically seek out a condo building where inventory is strong right now, which forces sellers to stay competitive with their asking price.
And even though it seems like buildings with lots of available units on the market are few and far between right now, here’s a quick look at a few that certainly lean towards that direction:
Believe it or not, 108 units are currently on the market for sale or rent inside Trump Tower, which is almost jaw-dropping to a degree. Inside Trump Tower is a first-class spa, fitness club, and even a five-star restaurant and bar, so if you’re all about a luxury living experience, a condo at Trump Tower may be a good fit.
600 N. Lake Shore
If you think you’ll love being on the lakefront, 600 N. Lake Shore Drive is a great place to begin a condo search thanks to 25 condos being listed for sale or rent here right now. And because of the building's close proximity to so many other downtown amenities and attractions, there's a whole lot to love about the possibility of calling this one-of-a-kind location home.
John Hancock Building
As of the time of this post, 33 units were either listed for sale or rent inside what’s easily one of Chicago’s most iconic buildings, and if you’ve never been inside a condo up on one of the building’s upper floors, trust me when I say the views from the Hancock truly are among best you’ll find of any building the city.