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I encourage anyone who's interested in this weird claim to just go to Redfin and punch 750k-850k condo into the search, and shop around. If you're not from around here, do take note that living in the actual Loop is not something people generally do! It's the Chicago equivalent of owning a 4 bedroom condo in Nolita. Where you'd probably actually buy, with $800k burning a hole in your pocket, is Wicker/Bucktown, Lakeview, Hyde Park or Roscoe Village. If you were price conscious, you'd buy in Lincoln Square or Jeff Park. $800k will also buy you a pretty fantastic house in Chicago. Of course, it won't buy you a house in the Loop, because houses don't go in the Loop. When people in the HN demographic think about the parts of Chicago they think are high-status, they're not thinking like a typical house buyer, who has kids, cares about the local schools, and wants a yard. Those people are buying in Beverly, Portage Park, and Jeff Park. Houses there top out at $800k; I had a sinking feeling looking at Redfin listings there (oh shit, am I wrong about this?) untiL I realized I had to drop the lower limit way below $750k to see all the available houses. I assume this thread is about how hard it is to survive in major American cities on $300k/yr. I think you're generally doing OK just about anywhere in the US at $300k/yr, but I assure you you're doing well in Chicago making that. |
It’s in good shape, doesn’t need any major work and is in the desirable school zone.
https://redf.in/tweamI