Chicago Reality: Affordable Prices in the Right Location
For those who are looking for a great price on Chicago realty, it is really important to do your homework. Chicago apartments are available all over the city, but you really want to make sure that you are getting a good deal for the square footage, age of the building and placement. It is the real estate agent’s responsibility to consider all of these factors while negotiating the price.
Although the city has many options when it comes to apartments, Chicago is also known for its high price of living. Although it is much more reasonable than New York, places close to downtown and Michigan Avenue sell for well into the millions.
With that in mind, it is important to pick an apartment that is located in an area that you can afford to live in. The city has outstanding public transportation options, so you will never be too far away from the excitement on Rush Street or the entertainment at Navy Pier.
If you are looking for a one bedroom plus den in the $250,000 range, then you should consider looking into the West Loop for options. The West Loop is really known for affordable living while still getting that city-feel type of surroundings. The area is growing quickly and more buildings are being developed around that area every year.
If you own a car and you wish to buy a parking spot, you might expect to pay anywhere from $15,000 to $30,000. You can choose a spot that is outside or a spot that is inside a garage, which of course will cost more money. Association fees also seem to be in the range of $250 – $400 a month.
If you have a pet, you need to make sure that you are purchasing an apartment in a pet-friendly building. Some of the more recent buildings have a dog run on the roof or lower floor. This is especially handy in the winter, when it is very cold and tough to go outside to walk the dog.
December 25, 2009
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