4 ms·
That might be realistic for a condo, but a single family home at that price would have to be a serious fixer-upper or have some other significant flaw (near gan
by willu 10y ago
That might be realistic for a condo, but a single family home at that price would have to be a serious fixer-upper or have some other significant flaw (near gang areas, etc.). The types of homes most urban professionals would consider suitable are hard to find under $500k in Chicago. And if you're targeting one of the few decent public school districts, even that number is a stretch.
- tptacek 10y agoNo, this is just not true at all. Sorry. Read the other branch of this thread. For what it's worth: I paid nothing close to 500k in Oak Park, 5 minutes on foot from the Green Line, in one of the best school systems in the area.
- wglb 10y agoI am not sure where your figures come, but as someone who looked seriously at eight houses in various neighborhoods of Chicago, you can find quite suitable houses in the $200-250k range.
- willu 10y agoI guess I should have specified that I'm thinking of 3+ bedroom homes. Here's what Zillow looks like for a wide drawing of north-side Chicago SFHs under $250k. http://www.zillow.com/homes/for_sale/house_type/3-_beds/0-250000_price/0-890_mp/any_days/globalrelevanceex_sort/42.020222,-87.597256,41.903171,-87.781792_rect/12_zm/826235754eX1-CR4cl32zmme10t_1957it_crid/ http://www.zillow.com/homes/for_sale/house_type/3-_beds/0-25... This is dominated by auctions and homes in very rough west-side neighborhoods. Yes, there are a small handful of exceptions which are typically very old homes that have not been updated in decades, but to act like above $250k is "weird" or out of the norm is just not in line with reality.