Logo de Mamba Propiedades Mamba Propiedades
For sale Apartment

Building MG 1515 - Studio Apartment

Cordón, Montevideo

From U$S 95,650
cash price
average U$S 97,367
Ref. IRIS-1236-0
View full project →

Description

Studio apartment for sale in Cordón, Montevideo: 27.91 m² built, U$S 95,650 (U$S 3,427 per m²), 1 bathroom.

MG 1515 Just steps away from 18 de Julio Avenue, Montevideo’s main commercial thoroughfare, and less than 1 km from the Rambla, the Tres Cruces Terminal, and 2 km from Batlle Park, home to the Centenario Stadium. Surrounded by universities, sports facilities, and service centers, with excellent access to the rest of the city. It features a sleek and refined design with contemporary details, comprising 33 one-bedroom units and 11 studio apartments, as well as a barbecue area with a grill on the 11th floor.

About the neighborhood

Cordón is a downtown shopping district featuring international chain restaurants and popular stores, as well as craft shops selling yerba mate containers and Uruguayan leather accessories. The nightlife includes traditional wine bars and modern breweries. The Stella D’Italia Theater, built in 1895, hosts plays and concerts, while the large Natural History Museum displays minerals, fossils, and stuffed animals.

Financing

  • Total:
  • 80% Purchase receipt.
  • 20% upon delivery.
  • Construction timeline:
  • 60% upon signing the agreement—the balance in 10 fixed installments in dollars.

Details

Bedrooms
Studio
Bathrooms
Bathrooms
1
Built area
Built area
27.91 m²
Delivery
diciembre 2026
Floors
11
Garages
20
Promoted housing
Yes

According to the developer, this project doesn't work with bank loans: it's paid in cash or in installments during construction (see payment methods). The simulation below is for reference only: ask us and we'll help you find the plan that suits you best.

Mortgage calculator

Choose how much to finance and the term, and compare the payment at each bank.

What is the property for?
Property price
USD 95,650
100%
Loan amount
USD 76,520
80%
Down payment
USD 19,130
20%
BHU
Rate from 3.75% per year in UIEstimated monthly payment$U 15,705≈ UI 2,349 · USD 391Minimum household income$U 62,821payment can be up to 25% of incomeSimulate at BHU ↗
SantanderBest option
Rate from 3.75% per year in UIEstimated monthly payment$U 15,705≈ UI 2,349 · USD 391Minimum household income$U 44,872payment can be up to 35% of incomeSimulate at Santander ↗
Itaú
Rate from 3.75% per year in UIEstimated monthly payment$U 15,705≈ UI 2,349 · USD 391Minimum household income$U 44,872payment can be up to 35% of incomeSimulate at Itaú ↗

Estimate based on the starting rates each bank publishes (updated automatically every month). The final payment includes insurance and fees and depends on the applicant's profile. Central Bank (BCU) rates as of 11/1/2026: USD $ 40.19 · UI $ 6.6850.

Location

Magallanes 1515 entre Uruguay y Mercedes

Open in Google Maps · Magallanes 1515 entre Uruguay y Mercedes ↗

Amenities

Elevator Garage Security Grill Master
Learn more about this Project →