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Property for sale information

 
Lincoln Park - Chicago - 10% Deposit to secure  
Reference nr: UP362105
Description:

Now is the time to take advantage of the US Dollar and low mortgage rates.


The Chicago Metro area is continually one of the US’s strongest and most dynamic real estate investment markets. There is no better time for those seriously interested in stepping into the US housing market, with the US dollar working in our favour. With up to 80% financing available for foreign investors and mortgage rates on the downward slant now is a good time to take that move.

“Many people talk of the “current economic climate” as a reason not to invest in property, however this is the time to turn this to your own advantage and take the chance to get into a quality investment property at prices that will only move in one direction, up.

City centre residential locations are always a safer bet” states Ursula Hanniffy of Utopia Property Investments.

“Lincoln Res” will be seen as an icon of Chicago Architecture. “Lincoln Res” design by award-winning architect Laurence Booth, will give owners unparalleled, unobstructed views of Chicago’s skyline and Lake Michigan.

This will be the premier Lincoln Park Condominium residence.


“Lincoln Res” Condominiums, which stands for “South of North Avenue” will elevate 28 stories, which is indeed two blocks south of North Avenue. With the exception of this property, the current zoning plan prohibits residential high-rises in the area bounded by West North Avenue, North Halsted Street, West Division Street, and the Chicago River.


Potential investors have a number of one, two, and three-bedroom condominiums to choose from. The units range from 788 square feet on up to 1656 square feet. Each unit comes with all the amenities and high-end finishes, including nine-and ten-foot ceilings, hardwood floors, granite counter tops, stainless steel appliances. The spacious lobby is equipped with a 24-hour doorman. Prices start from $274,900 (€187,000).
.
“Lincoln Res” is located in one of Chicago’s most exclusive city centre areas, right in the heart of everything that Lincoln Park has to offer – all within a short walking distance! Area restaurants include Japonais, California Pizza Kitchen, Stanley’s, Hecky’s, and Vinci. Entertainment choices include the Steppenwolf and Royal George Theaters. Also conveniences like Dominick’s, Whole Foods, Trader Joe’s, and CVS within a few steps from your front door.

For the Shopaholics out there, you will be moments away to J. Crew, Banana Republic, Border’s, Lori’s Designer Shoes, Best Buy, Crate & Barrel, Pottery Barn, and Home Depot.

Purchase Terms: 10% deposit.
Nothing further until completion late 2008.
Up to 80% financing available*

Utopia Property Investments continually strive to bring you the best property investment opportunities in the world and have been proven right over and over again with their choices.

Other upcoming developments include Toronto, Dubai, South of France & Slovakia Commercial.

Call 091-739456 or email info@utopiapropertyinvestments.ie for further details.

Regulated By FOPDAC & NAE

Bedrooms: Bathrooms: Price (€):
1 1 187,000
2 1 250,000
Features:
City
Private Swimming Pool
Submission Date:
03-05-2008
Last Update:
03-05-2008
Advertiser Details:


Name:
Utopia Property Investments

Company:
Independent Property Advisors

Phone:
000000000000
Fax:

Mobile:

 
Property Photo Gallery

 

Chicago from €175,000

Lincoln Park - Chicago - 10% Deposit to secure

Lincoln Park - Chicago - 10% Deposit to secure

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Calculators

 
Property price: €187,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations