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Updated over 7 years ago on . Most recent reply

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Dinesh Selvaraj
  • Chicago, IL
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Condo in Chicago a good buy?

Dinesh Selvaraj
  • Chicago, IL
Posted

Im looking to purchase a 10 yr old 3 bd/2 bath around 1800 sqft condo in Chicago West loop neighborhood. The price is around $700k. I think it is a hot neighborhood growing very fast and real estate prices very high. Considering that, $700k seems to be a reasonable in this market. Can you please provide your feedback/thoughts on the purchase price?

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Ted Kuhlmann
  • Real Estate Broker
  • Chicago, IL
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Ted Kuhlmann
  • Real Estate Broker
  • Chicago, IL
Replied

Dinesh Selvaraj I’m a broker out of Lincoln Park, but do a lot in the WL of course. 700k for a 3 bed is definitely solid over there for sure. (Is it on Racine? Ha! I ask cause there isn’t much under 750k if that size and I saw that unit a few weeks back)

Like the other guys said though, it also depends on what you want to do with the place. I think it’s a solid price for a live in condo but not the greatest investment property you could get for 700k.

If you needed to chat, DM me or feel free to give me a call anytime. Good luck

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